Guide on BPI Big Bike Loan Required Downpayment in Applying
BPI BIG BIKE LOAN – Here is a guide on the minimum downpayment required under the Bank of the Philippine Island’s Big Bike Loan offer.
Undeniably, one of the dreams of most men is getting a big bike. A lot of men are really into motorcycles aside from cars and a big bike is a wonderful thing to have for them.
However, truths be told that purchasing a big bike in cash requires a huge amount of money. Most of the popular ones cost hundreds of thousands – even more pricey than some four-wheeled vehicles.
VISIT: BPI Personal Loan Online Application Form
Are you one of those who dream of having a big bike? The Bank of the Philippine Islands has an offer.
Under the BPI Big Bike Loan, you may achieve a sub-400 big bike or the big bike 400 you longed to have. You only need to prepare the following based on your occupation or source of income:
Employed Applicants
- Certificate of Employment
- Latest Income Tax Return
- Three (3) Months Payslips
Professional
- Latest Income Tax Return
- Hospital Affiliations
- Clinic Address
- Clinic Schedule
Business
- Latest Income Tax Return
- Six Months Latest Bank Statements
- DTI Registration / SEC Registration
- Audited Financial Statements (Past 2 years)
- Trade References
- Articles of Partnership or Articles of Incorporation & By-Laws
- General Information Sheet
Overseas Filipino Worker (OFW)
- Contract/Certificate of Employment
- Crew Contact and Exit Pass (for Seaman)
- Proof of Monthly Remittances
- Notarized or Authenticated Special Power of Attorney
Rental Business
- Notarized Lease Contracts
- Photocopy of TCT/CCT of Rental Properties
Like in other vehicle loans, there is a required downpayment under the BPI Big Bike Loan. According to BPI, the borrower must pay a minimum of 30% of the selling price of the bike.
Do you want to know how much is the loanable amount under it? You may visit – BPI BIG BIKE LOAN – How Much Is the Loanable Amount.
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.
READ ALSO: BPI PERSONAL LOAN OFFERS – List of Personal Loans Offered by BPI
How to get a motorcycle loan