Thursday, March 23, 2023

BPI PERSONAL LOAN – Can I Apply Even If I Don’t Meet the Required Income?

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Guide on Whether You Can Still Apply for BPI Personal Loan w/out Meeting the Required Income or Not

BPI PERSONAL LOAN – Here is a guide on whether you can still apply for the Bank of the Philippine Islands’ personal loan offer if you don’t meet the required income or not.

The Bank of the Philippine Islands (BPI) has built a great name in the field of finance. This private bank has hooked a lot of clients nationwide because of its excellent offers – from savings and deposit accounts to credit cards to investment options to loans.

Undeniably, among the most sought-after offers of the bank are its loans. These are cash assistance provided to fund several purposes. You can buy a house and lot or a car through these offers.

If you are up to other purposes, you may apply for BPI Personal Loan. It is a multi-purpose loan offer that can help you make ends meet, pay for the utility bills, cope with hospital emergencies, travel to your dream country, fund an event, etc.

BPI Personal Loan

Do you want to apply for the said loan offer? Like in other loans, there are eligibility qualifications set in applying for this. The applicant must be:

  • at least 21 years old but not more than 60 years old on the day that the loan matures
  • a Filipino citizen
  • residing or working within 30 kilometers from the nearest branch of BPI

How about income requirements? Based on an article on iMoney Ph, the following are the required income in applying for the said BPI loan based on the borrower’s source of fund:

  • Employed Applicants – Minimum monthly income of Php 25,000.00
  • Self-Employed Applicants – Minimum monthly income of Php 50,000.00
  • Overseas Filipino Workers (OFWs) – Minimum monthly income of Php 50,000.00

What If I Don’t Meet the Required Income, Can I Still Apply for BPI Personal Loan?

According to BPI, all applications for the loans they offer are subject to credit evaluation. Thus, you may still apply for BPI Personal Loan even if you don’t meet the required income.

Do you want to know how much you can borrow under this offer? You may visit – BPI PERSONAL LOAN – Updated Minimum & Maximum Loanable Amounts Under It.

You might like to have a guide in applying for this loan offer. Feel free to visit – BPI PERSONAL LOAN: How To Apply, Requirements 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 LOANS – List of Loan Offers by Bank of the Philippine Islands (BPI)



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