BPI Direct Auto Loan
Get a LOWER RATE on your Auto Loan.
BPI Direct has made buying your dream car easier and affordable. Here’s why:
· Loan Purpose: You can use your BPI Direct Auto Loan to buy a brand new car, an Asian Utility Vehicle (AUV), a Light Commercial Vehicle (LCV) or selected brands of used passenger cars not more than 5 years old.
· Loan Amount: Enjoy up to 80% of the suggested retail price for brand new vehicles and up to 70% of appraised value of second hand vehicles. Minimum loanable amount is Php 100,000.
· Loan Term: You can choose from 12 months up to 60 months
· Interest Rate: BPI Direct offers very competitive rates, one of the lowest in the market.
· Payment Convenience: You can enroll in our Automatic Debit Arrangement (ADA) so your monthly amortization will be automatically debited from your deposit account.
· Timely Response: Once BPI Direct receives the complete information needed from you, you will receive feedback within 24 hours for Metro Manila-based and 72 hours for applicants outside of Metro Manila.
Eligibility Criteria: If you have been employed or in business for at least 2 years with a minimum gross monthly income of Php 40,000, you are qualified to apply for a BPI Direct Auto Loan.
Pre-Processing Requirements: Filled-Out Application Form, apply now.
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