Guide on the Late Payment Penalty Under the BPI Personal Loan Offer
BPI PERSONAL LOAN – Here is a guide on how much is the penalty for the late payment of a BPI loan monthly amortization.
Undeniably, no matter how much we prepare ourselves financially, there are really times when financial emergencies cross our path. Sometimes, because of these unexpected things, we might miss to pay our loans on time.
Most loans come with late payment penalties. It is part of the agreement when a client applied and pushed through a loan with a bank, a lending company, or any loan-providing entity.
One of the banks that offer loans is the Bank of the Philippine Islands. More commonly called as BPI, it has also set a late payment penanlty.
With regards to the late payment penalty under the BPI Personal Loan, it is equivalent to 5% of the monthly due of the client. For example, you missed to pay a Php 5,000- loan due, your penalty would be Php 2,500.
Who are eligible to apply for this BPI loan offer?
- between 21-60 years of age
- a Filipino citizen
- residing or working in a company that is within the service areas of BPI
Do you want to know how much you can borrow under this loan offer? You may visit – BPI CASH LOAN – How Much You Can Borrow Under BPI Personal Loan.
You may apply for this loan offer online if you don’t have time to visit a branch of BPI now. For a guide on how to make an online application, feel free to visit – APPLY BPI PERSONAL LOAN – Guide in Applying for BPI Loan Online.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
