BPI
About BPI
Established in 1851, Bank of the Philippine Islands provides retail and corporate banking. Its services extend beyond borrowing to deposits, payments, investments and insurance.
- Branch-based and online application channels.
- Separate loan programmes for personal needs, property, vehicles and seafarers.
Personal Loan
BPI offers an unsecured personal loan. Its maximum contractual-rate example is not an approved rate for every applicant, compare the disclosure statement for your offer.
Minimum requirements
- Philippine government-issued photo ID with signature. Application and bank approval required.
Documents
- Employees: three months payslips OR latest ITR/Form 2316 OR employment certificate.
- Self-employed: audited financial statements (three years) OR latest ITR, plus DTI/SEC registration.
Repayment and costs
- Cash-purchase alternative: the bank permits broad personal purchases. Approval and net proceeds must cover the motorcycle price.
- The maximum-rate example is not a personalized offer. Confirm your rate, processing fee, documentary tax and repayment schedule.
- BPI provides an auto-debit arrangement for monthly loan payments. Keep enough cleared funds in the nominated account for the full amount due. If no debit occurs, check the loan account and ask BPI which payment facility to use.
Housing Loan
BPI offers home financing with terms up to 20 years. Apply through a branch or accredited broker or developer.
Minimum requirements
- Age 18–70 at maturity. Household income at least ₱40,000/month.
- Eligible house/lot, townhouse, condo or vacant lot, property assessment required.
Documents
- Application and two IDs. Employees: COE, three months payslips, ITR and verification authorization.
- Business: registration/permit, ITR with audited accounts, six months working-account records and trade references. Property title/tax records and sale documents.
Repayment and costs
- Up to 90% of property value, subject to assessment.
- Household income: ₱40,000/month.
- A current rate table and full fees were not verified on the product page. Ask for the initial fixing period, repricing basis, appraisal fee and required insurance.
Auto Loan
BPI offers auto financing. A vehicle quote should identify the financed principal after your deposit and any bundled charges.
Minimum requirements
- Age 18–70 at maturity. Minimum household income ₱30,000/month.
Repayment and costs
- Brand new: up to 85% of purchase price. Used: up to 70%.
- Household income: ₱30,000/month.
Motorcycle Loan · regular bikes
Motorcycle financing through BPI branches and accredited Premiumbikes or Summit Superbikes dealers.
Minimum requirements
- Age 18+ at application and no older than 65 at maturity. Two years at the current address, one year regular employment or two years business operations.
Repayment and costs
- Regular bikes below 250cc: up to ₱400,000 over 12, 24 or 36 months, with down payments from 5% on selected units. Second-hand bank repossessions: up to ₱200,000 with 8% down. TODA: up to ₱200,000 with 5% down. Non-conventional: up to ₱300,000 over as long as 48 months with 10% down. AYALA/GG: up to ₱400,000 over 36 months without a minimum down payment.
Seafarer Loan
Loan tenor is linked to the seafarer’s contract. Check the advance-payment requirement and the cash actually disbursed.
Who can apply
Eligible seafarers
If you cannot repay on time
Contact BPI before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help