Guide on the BPI Personal Loan Features & Requirements

BPI PERSONAL LOAN – You can check here the important details with regards to the multi-purpose cash loan offer of the Bank of the Philippine Islands.

Most of the trusted banks in the country are operating for decades now. One of these reputable banking entities is the Bank of the Philippine Islands which was founded in 1851. A universal bank that is more popularly called BPI, the bank has several branches across the nation now.

In fact, BPI also has a lot of subsidiaries and affiliates in the Philippines. Through the years, the bank has continually improved its offers which now includes bank accounts, loans, credit cards, and many other finance products and services.

One of the loan offers of the Bank of the Philippine Islands is the BPI Personal Loan. It is a non-collateral loan offer thus there is no need for you to present a property you own to use as the collateral in applying for the offer.

Aside from being non-collateral, the BPI Personal Loan offer also does not require a guarantor in the application. It is open to meet several financial purposes including the financing of any of the following:

• business expansion
• personal purchases
• education
• home renovation
• travel

The Personal Loan can really finance huge projects as it can lend you up to P3 million subject to the bank’s approval. The minimum loanable amount is set at Php 20,000. The loan terms offered by the bank is from 12, 18, 24, 30, or 36 monthly installments.

The BPI Personal Loan offer is open for individuals of legal age who are either employed or self-employed with a stable source of income and living or working in an area that is within the service region of BPI.

The interest rate implemented by the bank depends on the prevailing interest or the rate set by BPI. The loan processing will take 5 to 7 working days since the submission of the complete list of requirements.

The BPI loan offer is open not only for individuals who have accounts with the bank. Even if it is your first time to apply for an offer of the bank, you may still proceed. The bank will only have to ask you to open an account once your application is already queued for approval.

Aside from the Bank of the Philippine Islands, another giant banking entity in the country is BDO Unibank. Its cash loan offer also bears excellent features.