BPI Personal Loan – How Much Is the Processing Fee in Applying?

Guide on the Processing Fee in Applying for BPI Personal Loan

BPI PERSONAL LOAN – Here is a guide on how much is the processing fee in applying for the personal loan offer of the Bank of the Philippine Islands.

Nowadays, when you ran out of cash, there are several turn-tos and you just have to decided which one suits your needs best. You may apply for the loans offered by the different banks, the government agencies, or the lending companies.

With regards to banks, one of the trusted banks that have excellent offers is the Bank of the Philippine Islands. It is more commonly called as BPI.

If you need cash but you are not buying a house or a car, you may apply for the BPI Personal Loan. It is a multi-purpose loan offer that assist you in making ends meet, coping with medical emergencies, paying for the utility bills, traveling, etc.

BPI Personal Loan

You may be curious about the eligibility qualifications that the bank has set under its personal loan offer. To be eligible to apply for it, the applicant must be:

  • at least 21 years old but not more than 60 years old upon the loan maturity
  • a Filipino citizen
  • living or working in an area that is within 30 kilometers from the nearest BPI branch

The applicant must also prepare the documentary requirements in applying. The list may vary depending on the source of income of the applicant.

For Employed Applicants and Professionals:

1. Two (2) valid government-issued photo-bearing IDs
2. Proof of income documents – Three (3) months original pay slips / Latest BIR Form 2316 or ITR

For Self-Employed Applicants:

1. Two (2) valid government-issued photo-bearing IDs
2. Proof of income documents – DTI/SEC business registration certificate, Three (3) years audited financial statements (FS), and Latest ITR Form 1700 or 1701

Aside from the eligibility qualifications and documentary requirements, you must also prepare for the processing fee. In applying for BPI Personal Loan, the processing fee is Php 1,500.00.

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

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

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