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BPI Auto Loan: Who Are Qualified to Apply for “Zero Cash-Out” Promo

Guide on BPI Auto Loan Zero Cash-Out Promo Offer

BPI AUTO LOAN – Here is a guide on who are qualified to apply for the “zero cash-out” promo offer of the Bank of the Philippine Islands (BPI).

One of the best purchases you can make is getting your own car. It brings a lot of benefits like the convenience in traveling, the increased safety, and it is also an excellent preparation against unforeseen circumstances. Anytime that there is a need to go somewhere most especially for health emergencies, with a car, you can do so.

However, there is one common problem why many people have yet to get their own car – money. Many individuals are not yet ready to make such a big purchase in cash. For others, although they have the money in the bank, they can’t afford to withdraw it all and use it in a one-time purchase.

The truth is that there are actually a lot of options that you may consider. Among these options are the loan offers.

BPI Auto Loan
Photo: Philippine Star

One of the banks that offer auto loans is the Bank of the Philippine Islands. More commonly called BPI, the bank also offers loan promos from time to time.

Currently, the promo offer under the BPI Auto Loan is the “zero cash-out” promo. Under it, the client won’t have to make a cash-out instead there will be a deposit hold out that will serve as the downpayment. Do you want to know how much will be the deposit hold-out? You may visit – BPI Zero Cash-Out Auto Loan – How Much will be the Deposit Hold Out.

Who are qualified to apply for BPI Auto Loan Zero Cash-Out Promo?

  • minimum loan amount must be Php 500,000.00
  • loan term must be five (5) years or sixty (60) months
  • must have the following BPI account
    • savings accounts
    • current accounts
    • time deposit accounts
  • brand new vehicle
  • vehicle must be for private use only

According to the Bank of the Philippine Islands (BPI), TNVs, school bus, taxi, utility vehicles, light trucks, and the likes are not qualified under the promo.

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