Guide on BPI Car Loan Downpayment under the Step Up PayPlan
BPI CAR LOAN DOWNPAYMENT – Here is a guide on how much you must prepare for downpayment under the Bank of the Philippine Islands (BPI) Step Up PayPlan offer.
Do you want to get your own car this year? A car acquisition is undeniably a big move but such purchase will surely benefit not only you but as well as your family. Having at least one car at home is one of the best preparations against emergencies or other unforeseen circumstances. Also, it offers convenience like no other.
However, while you are ready to acquire your dream car soon, you might also be worried about the big fund needed to push through with the goal. There are actually options to evade spending all your savings on a one-time payment.
In the Philippines, there are several entities that offer loans for car acquisition. Among these are banks like the Bank of the Philippine Island (BPI). Are you planning to get a brand new car?
If you are into a brand new car acquisition, there is an excellent offer that is exclusive for brand new cars – the BPI Car Loan Step Up PayPlan. It features a loan account that starts with the lowest monthly payments for the first year. It increases in the succeeding years but remains within the set budget.
The said loan offer is open for individual applications. You may pay for the loan for up to five (5) years. Do you want to have an idea about the loanable amount under it? Feel free to visit – BPI Auto Loan Step Up PayPlan: How Much You May Borrow.
Like in other loan offers, you must prepare for the BPI car loan downpayment. It is usually a percentage of the total amount of the vehicle. In the case of the BPI loan offer, the minimum downpayment is 15% of the total price of the vehicle.
For example, if you are planning to purchase a vehicle that is worth P1,200.000.00, the BPI car loan downpayment is at least P180,000.00. To apply for this loan offer, you may visit – Bank of the Philippine Islands.
You may also visit – BPI Housing Loan Step Up PayPlan: How Much You Can Borrow