Guide on Whether You Can Apply for BPI Auto Loan If You Don’t Meet the Required Income or Not
BPI AUTO LOAN – Here is a guide on whether you can still apply for the auto loan offer of the Bank of the Philippine Island or not in case you don’t meet the required income.
A car is one of the most useful properties you can ever buy. Although it will require a pretty huge amount if you will do it in cash, still it is one of the practical purchases you can make because of its usefulness.
By having your own car, you can avoid arriving late at work or any appointment you have. Also, you can set at your ideal speed that promotes safety for everyone and you can take the ride in a comfortable way.
Are you one of those who wanted to have your own car soon? The loan offers of certain banks like the Bank of the Philippine Islands (BPI) may assist you in case you cannot pay for it in full yet.
The BPI Auto Loan is open for both the purchase of a brand new vehicle and a pre-owned car. It offers high loanable amounts.
Who are eligible to apply for this loan offer?
Like in other loans, there are eligibility qualifications in applying for this auto loan offer. To be eligible, the applicant must be:
- between 21 to 65 years old (not more than 65 years old on the day that the loan will mature)
- a Filipino citizen or a foreigner married to a Filipino
- having at least Php 30,000.00 gross monthly family income
What if I don’t meet the required income, can I still apply for BPI Auto Loan?
All loan applications submitted to BPI are subject under the bank’s evaluation. Even if you don’t meet the required income, you may still apply and the bank will evaluate your application. You can get the result of your loan application in as fast as three (3) to eight (8) hours.
Do you want to know how much you can borrow from BPI? You may visit – BPI AUTO LOAN OFFER – Minimum & Maximum Loanable Amounts Under It.
You might like to know the requirements under this offer. You may visit this page – BPI CAR LOAN REQUIREMENTS: What You Need To Prepare in Applying.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BPI LOAN OFFERS – Full List of BPI Personal & Business Loans