Guide on the Requirements for BPI Motorcycle Loan Offer Application
REQUIREMENTS FOR BPI MOTORCYCLE LOAN – Here are the documents needed in applying for this loan offer of the Bank of the Philippine Islands.
One of the entities that offer motorcycle loans is the Bank of the Philippine Islands. Popularly called BPI, it has several branches across the nation where you can apply for the loan.
BPI offers savings and deposit accounts, credit cards, loans, and several other money-related matters. With regards to the motorcycle loan offer of BPI, it is open for regular or solo bikes as well as big bikes. It is under the Auto Loan offer of the banking giant.
Before proceeding to the requirements for BPI Motorcycle Loan, it is important to make sure if you are qualified to apply for the loan offer first. To be eligible for the said loan offer, the borrower must be:
- at least 21 years old upon the loan application but 65 years old and below upon the end of the loan term
- earning a minimum household income of Php 40,000.00
Here are the documentary requirements for BPI Motorcycle Loan application:
- duly-accomplished and signed BPI Loan Application Form
- two (2) valid identification cards
- proof of income depending on application’s source of income
According to BPI, if the borrower is married, both spouses should affix their signature on the BPI Loan Application Form. In case there is a co-borrower or co-mortgagor, the person must sign on a separate form.
To apply for the loan offer, bring and submit your documents to a branch of the Bank of the Philippine Islands (BPI). The processing of the loan application may take only a few working days before the result is out.
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