BPI Personal Loan: Can I Apply for Another Loan Even If I Have an Existing Account?

Details about the BPI Personal Loan Offer – Are 2 Loans Possible?

BPI PERSONAL LOAN – Here is a guide on whether or not you may apply for another personal loan if you have an existing loan with the Bank of the Philippine Islands (BPI).

Among the entities that people trust when it comes to loans are big banks. One of these is the Bank of the Philippine Islands, more commonly called BPI, which is one of the biggest banks in the country. It has several offers to the public.

BPI got different kinds of accounts including savings accounts, checking accounts, time deposit accounts, and accounts for overseas Filipino workers (OFWs). It also offers different kinds of cards including credit cards, debit cards, and prepaid cards.

The Bank of the Philippine Islands (BPI) also got investment offers like fund management services, stocks investment, and fixed income securities. The bank also has insurance products.

When it comes to loans, the Bank of the Philippine Islands (BPI) also has different offers. If you are looking for a multi-purpose loan, the perfect fit is the BPI Personal Loan. You may apply for various purposes including the repair of your car, funding a huge project, coping with travel expenses, making a big purchase, etc.

Unlike other personal loan offers, this personal loan is also open for the purpose of funding a business. Some personal loan offers have limitations with regard to the said purpose. Here are the loanable amounts under it:

• Minimum Loanable Amount – Php 20,000.00
• Maximum Loanable Amount – Php 2,000,000.00

A lot of people have existing BPI Personal Loan accounts. With regards to the possibility of applying for another personal account if you have an existing one, you need to first pay off at least half of the outstanding balance of your existing loan before applying for another loan.

To renew your loan, you may visit – BPI Loan Renewal – Do I Need To Submit the Requirements Again?.

You may also visit – BPI Personal Loan Online Application Form