A QUICK GUIDE ON HOW TO PROCESS BPI PERSONAL LOAN

BPI Personal Loan is an easy way for you to get extra cash to fund your needs. It is a multi-purpose cash loan with affordable payment terms and no required collateral. Use it to fund your child's education, repair your home, or bridge immediate business, other personal needs, or anything else you need.

For a regular Personal Loan, you may get as much as 3 times your gross monthly income, with amounts ranging from Php 20,000 up to Php 2,000,000. For a Seafarer Loan, you can get as much as Php 300,000, subject to approval.

A personal loan application is processed within 5 to 7 working days upon receipt of complete documents.

The proceeds will be credited to your account within 1 to 2 banking days from the date of signing.

Once you book the loan, a minimal one-time processing fee of Php 1,500 will be deducted from your loan proceeds. For loans above Php 250,000 or for business purposes, the government requires a Documentary Stamps Tax equivalent to Php 1.50 for every Php 200 of the loan amount.

For BPI Personal Loan, the monthly add-on rate is 1.2%, while for Seafarer Loan, the monthly add-on rate is 1.5%.

You just need to submit one (1) valid Philippine government-issued ID with photo and signature, duly accomplished, and signed application form, and your income documents.

1.Employed/ Professionals

- Payslips for the last 3 months or latest ITR (BIR 2316)

2. Self Employed

- Latest Audited Financial Statements or ITR DTI/SEC Business Registration Certificate

3. Overseas Filipino Workers

Agency-based

- Latest and unexpired signed POEA contract or employment contract with boarding date

For Direct Hire

- Latest 3 months Proof of remittance

- Latest and Unexpired POEA Validated Information Sheet or latest POEA Overseas Employment Certificate (OEC), and latest Employment Contract*

- Consularized COE (If remitter is a permanent resident in the country)

*In lieu of OEC print-out, you can submit an OEC exemption screenshot with OEC BM online profile

4. Allottee (income coming from Remittance)

- Proof of remittance or latest bank statement where remittance is credited

- Latest and unexpired POEA validated information sheet or latest Employment Contract or consularized COE (If remitter is a permanent resident in the country).

Updates on your loan application shall be sent thru SMS to the mobile number you have provided in your application. You may also call ‎(+632) 889-10000 to ask for updates.

If you already have an existing BPI Online account, your personal loan account will automatically reflect on your Portfolio page. In case you can't view it, or if you don't have a BPI Online account, please call ‎(+632) 889-10000 for assistance.