Lists of BPI Truck Loan Requirements for Application Process

BPI TRUCK LOAN REQUIREMENTS – You can check here the documents required in applying for the Bank of the Philippine Islands loan offer.

There are a lot of businesses wherein trucks can be really helpful. They can take the business operations to the next level. However, not all business owners have the capacity for a cash purchase of a truck.

Meanwhile, interested business owners in need of a truck, whether it is a light or heavy truck, may turn to the Bank of the Philippine Islands. More popularly called BPI, it has a truck loan offer that can finance the purchase of light and medium trucks and some heavy trucks.

Trucks can boost your business’ delivery of products and they are also a necessity in business such as courier services, moving companies, construction, logistics and transportation, and retail.

The BPI Truck Loan requirements vary among the salaried and non-salaried individuals. Here are the qualifications in applying for the loan offer:

• at least 21 years old upon the loan application
• not more than 70 years old upon the loan maturity
• earning a minimum household income of Php 30,000

In applying for the Truck Loan offer, there are also varying BPI Truck Loan requirements pertaining to the documents that must be submitted to the bank. The lists of documents vary depending on the source of income of the borrower.

Here is a guide on the documents that are required in applying for the BPI Truck Loan offer:

For Locally Employed Applicants:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Latest Certificate of Employment indicating salary, position and length of service with authorization to verify
• Latest 1 month pay slip or 3 months bank statement of payroll account with authorization letter to verify

For Commission-Based Applicants:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Latest ITR
• Certificate of employment stating commissions received prior year/months/period and Commisions Receivable, if any
• Bank statement where commision is credited, with authorization letter to verify

For Self-Employed Applicants:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• DTI Registration or Mayor’s Permit
• Latest ITR with financial statements
• Working account (6mos) with authorization letter to verify
• Trade references with complete contact information
• Authorization letter to conduct trade verification

For Applicants Practicing Professions with Own Business:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Working account with authorization letter to verify
• Latest ITR with AFS
• List of major trade references with complete details

For Overseas Filipino Workers (OFWs):

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Latest Contract, with authorization letter to verify
• Proof of bank remittance, with authorization letter to verify
• Details of crewing manager for seafarers

For Pensioner Applicants:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Certificate of Pension, with authorization letter to verify
• Bank statements of pension account (3 months), with authorization letter to verify

For Foreigner Applicants:

• duly-completed BPI Auto Loan Application Form
• two (2) valid Identitifcation Cards
• If married, both spouses must sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
• Valid Visa or Alien Certificate of Registration (ACR)

The Bank of the Philippine Islands is also ready to finance the purchase of a motorcycle. In this case, you may turn to the BPI Big Bike Loan offer.

The Bank of the Philippine Islands is also ready to finance the purchase of residential properties. In this case, you may turn to the BPI Housing Loan offer.