BPI Big Bike helps you finance a motorcycle purchase without paying the full price upfront. The minimum loan amount is PHP 100,000, with financing of up to 70% of the purchase price and repayment terms from 12 to 36 months.
BPI Big Bike: best loan for your next motorcycle?
If you want to get a loan for a big bike, BPI offers four repayment options: 12, 18, 24 and 36 months. This gives you a choice between clearing the balance sooner and spreading payments over a longer period.
Beyond the loan amount, convenience is another benefit. Monthly payments are automatically debited from your BPI account, while selected partner brands offer exclusive deals and perks for BPI clients.
Should I get a big bike loan from BPI?
BPI may suit borrowers who prefer to get a loan through an established bank with both online and in-person application channels. You can apply through its online form, more than 800 branches or accredited dealerships nationwide.
Before submitting your loan application, compare the effective rate, monthly instalment and total repayment cost with your budget.
BPI publishes effective rates of 15.92% for 12 months, 15.33% for 18 months, 16.02% for 24 months and 16.72% for 36 months. The corresponding add-on rates are 8.83%, 12.57%, 17.54% and 27.84%.
How to get a loan from BPI
To prepare your BPI Big Bike loan application, check the following eligibility requirements and documents:
- Age: You must be at least 21 years old and no more than 65 years old when the loan matures.
- Household income: Meet the minimum household income requirement of PHP 40,000.
- Motorcycle price: Choose a unit with a minimum purchase price of PHP 200,000.
- Financing requirement: The minimum borrowing amount is PHP 100,000, with a maximum of up to 70% of the purchase price.
- Application form: Complete the Auto Loan application form. If married, both spouses must sign it. A co-borrower or co-mortgagor needs a separate form.
- Identification: Prepare two valid identification cards, such as a PhilSys ID, SSS ID, driver’s licence or passport.
- For locally employed applicants: Prepare your latest Certificate of Employment showing salary, position and length of service, with authorisation to verify; and your latest one-month payslip or three months of payroll account statements with an authorisation letter to verify.
- For other income sources: Follow BPI’s applicable checklist for self-employed applicants, OFWs, pensioners, commission earners or practising professionals.
How to apply for the loan
Apply online
- Open the BPI Big Bike page and select its Auto Loan online application form.
- Complete all required fields accurately.
- Submit the required documents for BPI to review and process.
- If approved, wait for the SMS notification instructing you to visit a branch or Loans Business Center.
- Follow BPI’s instructions to complete the loan documentation.
Apply at a branch
- Visit any BPI branch.
- Complete the application form.
- Submit the required documents for review and processing.
- If approved, wait for the SMS notification and visit the designated branch or Loans Business Center.
- Sign the loan documents.
Apply through an accredited dealership
- Ask a BPI-accredited dealership about applying for Big Bike financing.
- Follow its instructions for submitting your form and supporting documents.
Frequently asked questions
Can I get a loan from BPI even if I am unemployed?
Being unemployed does not automatically establish eligibility.
BPI’s document checklist includes other income sources, such as business income and pensions, but your loan application must still meet the income requirement and pass the bank’s assessment. Ask BPI which documents apply to your situation.
How much can I get approved for under BPI Big Bike?
The minimum loan amount is PHP 100,000, and the maximum is up to 70% of the motorcycle’s purchase price. The unit must cost at least PHP 200,000. Your approved financing depends on BPI’s assessment.
How can I fully pay off BPI Big Bike?
Contact BPI or your Loans Business Center to request the outstanding loan amount for full settlement, including any applicable charges, and confirm the payment instructions.
BPI provides loan after-sales assistance, but the Big Bike page does not specify an early settlement fee or a complete payoff procedure.
How can I cancel my loan application with BPI?
Contact the BPI branch or Loans Business Center handling your loan application and ask how to withdraw it. You can also call (+632) 889-10000 for guidance.
The Big Bike page does not publish a cancellation procedure; if you have already signed the documents, ask BPI which contractual conditions apply.