BPI Auto Loan Downpayment – How Much You Must Prepare Based on Car

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Guide on How Much You Must Prepare for the BPI Auto Loan Downpayment

BPI AUTO LOAN DOWNPAYMENT – Here is a guide on how much you must prepare based on the type of car you wanted to purchase.

Nowadays, one of the best gifts you can ever buy for yourself or a loved one is a car. It is simply not for convenience but as well as for security and as a preparation for emergency situations.

Truths be told that having at least one (1) car at home with at least two (2) people who know how to drive it is really beneficial. No one knows when unwanted emergencies will take place. If you have a car, you can get anywhere.

However, truths must also be told that not everyone can afford to pay for a car in full amount. Meanwhile, there are options should you really want to go for it.

BPI Auto Loan Downpayment

Several banks are offering loans and one of these offers is the BPI Auto Loan. It is by the Bank of the Philippine Islands. It is open for both brand new and pre-owned or second-hand vehicles.

There are a few qualifications set under the said BPI loan offer. To be eligible to apply for it, the applicant must be:

  • a Filipino / a foreign national married to a Filipino / corporation / partnerships
  • between 21 to 65 years old
  • earning at least Php 30,000.00 monthly family income

In applying for the said offer, you must prepare for the BPI Auto Loan downpayment. It will vary depending on the type of car you wanted to purchase – is it a brand new one or a pre-owned one?

For a guide on how much you must prepare for the BPI Auto Loan downpayment depending on your target car, you may visit these pages below:

You might also like to know how the loanable amount under the BPI Auto Loan and how to apply for it. You may visit – BPI AUTO LOAN – How To Apply & Requirements To Prepare in Applying.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: BPI LOANS – List of Loan Offers by Bank of the Philippine Islands (BPI)

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