Guide on BPI Cash Loan Late Payment Penalty Fee
BPI CASH LOAN LATE PAYMENT PENALTY – Here is a guide on the penalty set by the Bank of the Philippine Islands (BPI) for late payment of loan.
One of the biggest and most trusted banks in the country is the Bank of the Philippine Islands. More commonly called BPI, it was founded by Juan Antonio de Urbiztondo in 1851 and is currently led by Cezar P. Consing.
BPI has several subsidiaries including Ayala Plans, BPI Computer Systems Corporation, BPI International Finance Limited, BPI Bancassurance, and Prudential Venture Capital Corporation. It has several branches nationwide and as well as several offers.
BPI got savings, checking, and time deposit accounts, loans, credit cards and debit cards, investment products and services, and insurance policies.
BPI has multiple loan offers. It has loans that serve specific purposes like financing a car purchase or an acquisition of a residential property. It also has a loan offer which is multi-purpose – the BPI Cash Loan.
The BPI Cash Loan offer is non-collateral meaning you do not need to present a property as collateral to be eligible to apply for the loan offer. You may borrow up to P2 million.
Who are qualified to apply for the said loan offer? To check if you are eligible to apply for this loan, you may visit – BPI Cash Loan: Who Are Qualified to Apply for this Loan Offer.
You can repay the loan for up to 36 months and it can be done through an Automatic Debit Arrangement (ADA). What if you missed the loan? There is a BPI Cash Loan Late Payment Penalty Fee that will be added on your unpaid amount.
The BPI Cash Loan Late Payment Penalty Fee is 5% of the unpaid amount.
For example, if you have an unpaid amount of Php 1,000.00, the BPI Cash Loan Late Payment Penalty Fee is Php 50.00 thus your total due will be Php 1,050.00. Do you want to apply for the said loan offer? The application can be done online – BPI Personal Loan: How To Apply for Cash Loan Online.
