Guide on the Eligibility of Non-BPI Account Holders for BPI Loan Application
BPI LOAN APPLICATION – Here is a guide on whether a person without an account with the Bank of the Philippine Islands can apply for a loan or not.
When it comes to loan applications, one of the banks that a huge part of the populace trusts is the Bank of the Philippine Islands. It got several loan offers for the public which can financially assist both personal and corporate purposes.
Among the BPI Loans are the BPI Personal Loan, BPI Auto Loan, BPI Housing Loan, and BPI Salary Loan. Each of these serve specific purposes except for the personal and salary loan offers. They are multi-purposes loans.
If you are up for some purposes related to residential properties like buying a house and lot, constructing a house, or renovating your home, you may apply for the BPI Housing Loan. If your purpose for applying is with regards to a vehicle like you want to buy a brand new car, you may go for the BPI Auto Loan offer.
Banks have eligibility qualifications when its comes to applications for loans. Usually, the eligibility qualifications include that an applicant or borrower must have a deposit account with the bank or a holder of a credit card under it.
With regards to BPI loan application, based on the official website of the bank, you may apply for a loan even though you do not have an account with the bank. Once your application is queued for approval, you will be asked to open an account with the bank.
For the approved BPI loan application, the proceeds will be deposited to your account with the bank. Also, according to BPI, the monthly amortization or payment will be deducted automatically from your account. Thus, opening one is really a big point of convenience for the borrowers.
To check on how much you can borrow under a specific BPI loan offer, you may visit – BPI Loans Loanable Amounts – How Much You Can Borrow Per BPI Loan.
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