Guide on BPI Big Bike Loan Features & Application Process

BPI BIG BIKE LOAN – Here are the important details and features of the motorcycle loan offer of the Bank of the Philippine Islands.

Big bikes are toys for the big boys. That is why a lot of men, even those who already have four-wheeled vehicles, really take extra efforts to have their own motorcycle and get the time for some “rides”.

Rides or going on a motorcycle is a stress reliever for many individuals. Also, riding a big bike can be a fuel saver when compared to being on a four-wheeled vehicle aside from the fact that it can help you escape traffic.

However, truth be told that not all big bikes are affordable to the pocket and not everyone is ready for a one-time cash payment for its purchase. Meanwhile, nowadays, there are entities that you can turn to for it like the Bank of the Philippine Islands.

More popularly called BPI, the Bank of the Philippine Islands has the BPI Big Bike Loan that is ready to finance the purchase of motorcycles that are at least Php 200,000 in unit price. Here are the loanable amounts under the offer:

• Minimum Loanable Amount — Php 100,000

• Maximum Loanable Amount — up to 70% of the purchase price of the vehicle

The loan is payable from one (1) year up to three (3) years. With regards to the interest rates set by the bank under the loan offer, here is a guide as they vary depending on the loan term:

Who are qualified to apply for the BPI Big Bike Loan? Here are the qualifications set by the bank for eligibility to the loan offer:

• at least 21 years old at the time of the loan application
• not more than 65 years old upon the loan maturity
• earning a household income of at least Php 40,000 per month