Saturday, December 3, 2022

BPI CAR LOAN REQUIREMENTS: What You Need To Prepare in Applying

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List of BPI Car Loan Requirements You Should Present in Applying

BPI CAR LOAN REQUIREMENTS – Here is a full list of the requirements or documents you need to prepare in applying for the Bank of the Philippine Islands’ auto loan.

The Bank of the Philippine Islands or more commonly called as BPI offers different types of loan to the public. Aside from its BPI Personal Loan and BPI Housing Loan, it also offers an auto loan.

The auto loan of BPI is perfect for those who wanted to buy a brand new vehicle but have no money to pay it in full. Under this loan, you can pay for the amount in installment with:

  • low interest rates
  • low mortgage fees
  • more personalized service

In applying for the said auto loan, the applicant must prepare the BPI car loan requirements provided on the official website of the Bank of the Philippine Islands.

BPI Car Loan Requirements

Based on the bank’s official website, the following are the BPI Car Loan requirements that applicants need to prepare in applying:

Auto Loan Application Form

  • Duly accomplished Application Form
  • 2 valid Identification Cards
  • If married, both spouses to sign on the application form.
  • If with co-borrower or co-mortgagor, separate application form is needed

Income Documents

  • If locally employed (working within the Philippines)
    • Certificate of Employment (COE) indicating salary, position and length of service
    • Latest Income Tax Return (ITR)
  • If overseas Filipino worker
    • Contract / Certificate of Employment (COE)
    • Crew Contract and Exit Pass validated by POEA (seaman)
    • Proof of monthly remittances
    • Notarized or authenticated Special Power of Attorney (BPI FSB Format)
    • Duly accomplished Auto Loan Application form required by POEA
  • If Self-Employed
    • Articles of Incorporation and By-Laws with SEC Registration Certificate
    • G.I.S. (General Information Sheet)
    • Audited Financial Statements for the last 2 years
    • DTI Registration
    • Income Tax Return w/ audited financial statements for the last 2 yrs.
    • List of Trade References (at least 3 names with telephone nos. of major suppliers/customers)
    • Bank Statements for the past 6 months
  • If Practicing Doctor
    • Clinic address/es and schedule.
    • Income Tax Return w/ audited financial statements for the last 2 yrs.
  • If from Rental of Properties
    • Rental/Lease Contract (indicating name of tenants and rental amounts with complete addresses of properties being rented)
    • Photocopy of Title (TCT/CCT)

To apply for the BPI Car Loan, simple bring these requirements to the nearest branch or you may also begin your application online – https://www.bpiexpressonline.com.

Thank you for visiting our website. We hope we have helped you with regards to your application for personal loan to Banco de Oro. You may keep coming back for more informative guides.

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