Guide on BPI Auto Loan Deals You Might Like To Avail
BPI AUTO LOAN – The Bank of the Philippine Islands is offering amazing deals on its car loan including a zero cash-out offer.
Are you one of the people who are planning to get a car soon? Although a car purchase requires a huge amount, there is undeniably a lot of benefits in having your own vehicle. It can be one of the preparations against unforeseen circumstances as it is a medium that can get you to a place at anytime.
Also, having your own car will give you the kind of travel that does not require you to bask under the sun or or go through rain just to get to your destination. This is a health and safety benefit in this case.
In getting a car, a lot of people undeniably turn to loans. In fact, even the individuals who have enough money for a cash payment of a car purchase prefer a loan. In this case, they would rather use their money in expanding their profitable businesses or in investments where it can grow. The profit can help you pay for the car.
One of the reputable entities that provide a car loan in the country is the Bank of the Philippine Islands or more popularly called BPI. It is one of the biggest banks in the country with several offers for the people.
The bank has several loan offers. Aside from the BPI Housing Loan, another offer is the BPI Auto Loan. It is available in over 800 branches of the bank thus it is really accessible. To qualify for the offer, here is a short list of the eligibility requirements set by the bank:
- at least 21 years old at the time of the loan application
- not more than 70 years old upon the loan maturity
- earning a minimum household income of Php 30,000
The BPI Auto Loan offer accepts the financing of both brand new and pre-owned vehicles. Here are the minimum and maximum loanable amounts under the offer:
| Brand New Car | Second-Hand Car | |
| Minimum Loanable Amount | Php 200,000 | Php 200,000 |
| Maximum Loanable Amount | Up to 85% of the purchase price | Up to 70% of the purchase price |
With regards to the loan term, BPI offers a maximum of seven (7) years for brand new cars and five (5) years for pre-owned vehicles. The bank also has several amazing deals that you might like to avail under its BPI Auto Loan offer:
- Zero Cash Out
- Step Up PayPlan
- Multi Year Protect Program
Are you looking for an offer that won’t require you to shelve out a huge amount of cash? You might like to avail the BPI Auto Loan Zero Cash Out offer of the reputable bank.