Guide on BPI Salary Loan Loanable Amounts
BPI SALARY LOAN – Here is a guide on how much you may borrow under the Salary Loan offer of the Bank of the Philippine Islands.
Nowadays, there are a lot of options for companies and establishments if they want to widen the resources of their employees. One of the options is to have the company or establishment accredited to a certain bank. In this way, their employees may avail the exclusive offers of the bank.
One of the banks with exclusive offers for the employees of the companies accredited to them is the Bank of the Philippine Islands. It is more commonly called BPI.
One of the exclusive offers is BPI Salary Loan. The bank boasts its offer with a low monthly add-on rate that is exclusive only for the employees of the companies and establishments that are accredited to them. There are also minimal requirements for the employees such as the following:
- Duly accomplished Salary Loan Application Form
- Copy of your Company ID
- 3 months latest payslip or Latest ITR or Certificate of Employment
How much you may borrow under BPI Salary Loan? Here are the minimum and the maximum loanable amounts under the said offer:
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 1,000,000.00
According to the bank, you may pay for the loan for up at least 12 months and up to 36 months. The other loan terms include 18 months, 24 months, and 30 months. Under this offer, the bank will be the one who will facilitate from the loan processing to the management of the monthly payments.
Do you want to apply for the said loan offer? You may first inform your HR about it and you may also visit the official website of BPI – Bank of the Philippine Islands.
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