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What can I purchase with BPI DIRECT Auto Loan?
What is the maximum loan amount? What are the terms?
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Your loan package options are:
- Unit Type - Brand New Vehicle
- Buyer's Share - 20%
- Banker's Share - 80%
- Term - 1-5 years
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Am I eligible to get a BPI DIRECT Auto Loan?
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If you are between 18-65 years old with a total family monthly income of at least 3 times your monthly amortization, you are eligible.
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What do I need to submit when I apply for a BPI DIRECT Auto Loan?
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For employed applicants, you would need the following:
- Copy of your Certificate of Employment or ITR
- Complete Application Form
For self-employed applicants, you would need the following:
- Copies of your Business Registration Papers
- Latest Financial Statement
- Articles of Incorporation (for corporations)
- List of Trade References (including addresses and telephone numbers)
- Completed Application Form
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Note:
If you have a scanner, you may e-mail us and attach the scanned document requirements at mbcaligner@bpi.com.ph or fax us at (632) 845-6533 or (632) 845-6733. Please indicate your complete name on your fax transmittal.
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Why should I get a BPI DIRECT Auto Loan when all auto loans are basically the same?
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The BPI DIRECT Auto Loan is the superior auto loan. It gives you:
- Low Rates
- Fast Application Processing
- One Stop Loan Shop
- Amortized Insurance Premium Plan
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What does One Stop Loan Shop mean?
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With One Stop Loan Shop, all you have to do is apply for the loan! BPI DIRECT will take care of everything from there - sourcing the vehicle from the dealer, processing all the requirements and even having the car delivered to your home!
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What is AIPP?
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AIPP means Amortized Insurance Premium Plan. With a BPI DIRECT Auto Loan, you don't need to shell out cash for the insurance! Your insurance premiums will be packaged into the loan. Compared to other insurance plans, AIPP offers you the lowest insurance premiums. Renewal is also automatic. No more hassle of following up with your agent every year!
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Once I am granted a loan how do I pay for it?
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There are 5 convenient ways to pay your BPI DIRECT e-Auto Loan. These are:
- Check-Free Payment
- Auto-Debit Arrangement
- Express Teller ATM
- Express Phone
- Over-the-counter
To know more about the 5 convenient ways to pay your BPI Direct e-Auto Loan, click here.
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Is the BPI DIRECT Auto Loan available only in Metro Manila?
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No. Not only is it available nationwide, you may also apply even when you are out of the country. For fast processing of your application, check out some tips on loan applications. Click here.
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