Guide on Cars Accepted As Collateral Under BPI Auto Loan for Multi-Purpose Loan
BPI AUTO LOAN – Here is a list of the cars you can use as collateral for a multi-purpose loan to the Bank of the Philippine Islands (BPI).
Undeniably, a lot of people are usually in need of extra cash already a week before the next pay day. Most of these individuals are their families’ breadwinners who have a lot to pay for monthly including the bills, the food expenses, and the school fees of the kids.
There are personal loans that you can turn to. However, some may not be eligible for certain offers which have exclusive requirements.
Do you have a car? You may apply to the BPI Auto Loan offer of the Bank of the Philippine Islands and use your car as the collateral to a multi-purpose loan.
Do you want to know which cars may be used as a collateral for multi-purpose loan under the BPI Auto Loan? Here is a list of them:
- Locally Distributed Brand New…
- Pick Up
- Second Hand Units (not more than 5 years old)
- Brand new imported vehicles
Do you want to know who are eligible to apply for this BPI loan offer? To be eligible, the applicant must be:
- between 21 to 65 years old (but not more than 65 years old upon the loan maturity)
- earning a total family income of at least Php 30,000.00 monthly
- a Filipino / foreign nationals married to Filipino / business entities
According to BPI, the car is subject to appraisal in regards to how much you can borrow. The bank will also assess the history of the vehicle.
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.