Guide on BPI Car Loan Zero Cash-Out Loanable Amount
BPI CAR LOAN ZERO CASH-OUT – Here is a guide on the loanable amount under this Bank of the Philippine Islands (BPI) offer.
Most people have a dream car. It is one of the two (2) big goals that almost everyone has – the other one is to be able to get their own house and lot. However, these two (2) huge dreams may take time to achieve as they require a huge amount of money.
For example, in buying a car in cash, may it be a pre-owned or brand new, you will need at least half a million to get a pre-owned one that is still in good condition or at least a million for a brand new car. Truth be told that not everyone is financially ready with these big amounts.
In fact, even those individuals who have huge savings in the bank won’t agree to withdraw their money for a one-time big payment. Where do they turn to? Loans.
The Bank of the Philippine Islands or more commonly BPI is one of those with auto loan offers. In fact, it has a unique and excellent offer – the BPI Car Loan Zero Cash-Out. It is open for individual applications for the purpose of buying a brand new or a pre-owned vehicle.
Under this loan offer, you may repay the loan for up to five (5) years or sixty months. There is a required downpayment which depends on the car’s price but you don’t need to pay for the said amount as the contract only requires a “hold out in the deposit account”.
How much you may borrow under BPI Car Loan Zero Cash-Out offer? According to the bank, the minimum loanable amount is Php 500,000.00.
Do you want to check on the qualifications or eligibility requirements of the bank in applying for this special loan offer of BPI? You may visit – BPI Auto Loan Zero Cash-Out: Who Are Qualified To Apply for this Offer.
You may also visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)
