A compact polyhedron $X$ is said to have the Bounded Index Property for Homotopy Equivalences (BIPHE) if there is a finite bound $\B$ such that for any homotopy equivalence $f\colon X\rightarrow X$ and any fixed point class $\mathbf{F}$ of $f$, the index $|\mathrm{ind}(f,\mathbf{F})|\leq \mathcal{B}$. In this note, we consider the product of compact polyhedra, and give some sufficient conditions for it to have BIPHE. Moreover, we show that products of closed Riemannian manifolds with negative sectional curvature, in particular hyperbolic manifolds, have BIPHE, which gives an affirmative answer to a special case of a question asked by Boju Jiang.