Guide on BPI Salary Loan Loanable Amounts
BPI SALARY LOAN – Here are the minimum and maximum loanable amounts under the personal loan offer of the Bank of the Philippine Islands (BPI).
Cash loans are among the fastest options that you can take in times of financial emergency. These offers are not only intended for unforeseen circumstances as most of them are multi-purpose. You may apply for a cash loan to make a huge purchase, get your car repaired, fund an event, finance a project, travel, etc.
There are several entities that you can turn to for loans. Some of these are banks, lending companies, and financing firms. Most of these entities have multiple loan offers.
In the country, one of the banks with loan offers is the Bank of the Philippine Island. More commonly called BPI, it has multiple loan offers.
One of the personal loans or the multi-purpose loans offered by the Bank of the Philippine Islands is the BPI Salary Loan. It is open for both employed and self-employed individuals with a stable source of income.
How much can you borrow under the BPI Salary Loan offer? Here are the minimum and the maximum loanable amounts under the said offer:
- Minimum Loanable Amount: Php 20,000.00
- Maximum Loanable Amount: Php 2,000,000.00
According to BPI, the loan can be repaid in 12, 18, 24, 30, or 36 months. You can have it under an automatic debit facility so you won’t miss a due and incur late payment fees. Furthermore, there is no pre-termination fee should you wish to finish your loan early. The bank also offers one of the lowest rates in the market. Do you want to know the documents that you need to prepare in applying for the said loan offer?
You may visit – LIST: Requirements for BPI Cash Loan Application