Guide on BPI Cash Loan Application Qualifications
BPI CASH LOAN – Here is a guide on who are qualified to apply for the personal loan offer of the Bank of the Philippine Islands (BPI).
Banks are among the entities that people can turn to in times of financial emergencies or when an extra fund is needed for something. Most banks in the country have loan offers that attend to multiple purposes.
One of the biggest and the most trusted banks in the country is the Bank of the Philippine Islands. More commonly called BPI, it has several loan offers. If you want a multi-purpose loan, the offer is the BPI Cash Loan.
You may apply for the bank’s cash loan offer to fund a project, make a huge purchase, finance an event, pay for the kids’ tuition fees, get the car repaired, etc. Do you want to know how much you may borrow from the said loan offer? For the loanable amounts, you may visit – BPI Salary Loan: Minimum & Maximum Loanable Amounts.
Who are qualified to apply for the BPI Cash Loan offer? To be eligible to apply for the said offer, the applicant or borrower must be:
- at least 21 years old upon the loan application and not more than 60 years old upon the loan maturity
- a Filipino citizen
- working or residing within 30 kilometers from the nearest BPI branch
Aside from the eligibility requirements, there are documentary requirements needed in applying for this loan offer. To check on the documents that you will need as the requirements may vary if you are employed, self-employed, or a professional, you may visit – LIST: Requirements for BPI Cash Loan Application.
According to BPI, the loan can be paid in 12, 18, 24. 30, or 36 monthly installments. In case you want to finish your loan term early, you don’t have to worry about a pre-termination fee as there will be none.
You may also visit – BPI Personal Loan: Can I Apply for Another Loan Even If I Have an Existing Account?
Please urgently assist us with the status of my loan. It’s been over a month since I filled out, signed and got approved through your Market Market brand. Again, for more than a month, I’ve been waiting and have been given a workaround.
I hope you can further assist and urgently work on releasing such a small loan. Otherwise, I’ll be keen to contact all departments and the corporate office to expedite and report such an unacceptable delay, whether the Market Market branch is causing it or elsewhere.
Thank you in for any assistance in advance and looking forward to hearing from you all soon.