Personal Loans Frequently Asked Questions

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

Any one (1) of the following income documents:

a. Payslips for the last 3 months

b. Latest Income Tax Return or BIR Form 2316

c. Certificate of Employment with compensation from employer

2. Self-Employed 

1. DTI / SEC Business Registration Certificate

2. Any one (1) of the following income documents:

a. Latest Audited Financial Statement

b. Income Tax Return (ITR) or BIR Form 1701

c. Last two (2) consecutive months’ bank statements

3. OFW
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 permanent resident in the country)

*In lieu of OEC print-out, you can submit 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 permanent resident in the country)

We can still process your loan application. Once your application is queued for approval, we will be requesting you to open an account with us. This is because your loan proceeds will be credited to your BPI account, and your monthly installment will also be automatically debited from this account.

All personal loan applications are subject to credit evaluation and approval based on these requirements.

Apply online by accomplishing the application form or through your nearest branch. Kindly view the list of required documents.

Conveniently pay your monthly installments via automatic debit (ADA) from your BPI deposit account. The ADA will run monthly on your scheduled due date.

Your monthly due date will be equivalent to the date when your loan is booked.

Example:
Booking date = January 10
Due date = every 10th of the month

For regular personal loan, the first installment shall start 30 days after your loan booking date.

For our seafarer loan, the due date will start 60 days after the loan is booked because the first monthly installment is deducted from the loan proceeds.

Your monthly installment will depend on your chosen amount and term.

You can compute your monthly installment by using the simple interest method.

For example, you chose to avail of a Php 100,000 loan at 12 months term:
1. Get the simple interest
Php 100,000*1.35% = Php 1,350

2. Get the monthly principal
Php 100,000/12 months = Php 8,333.33

3. Add the interest and the principal. This will be your monthly amortization:
Php 1,350 + Php 8,333.33 = Php 9,683.33

You may continue to apply provided your are currently residing in the Philippines. Aside from the regular requirements, you will be asked to present a valid government-issued Alien Certificate Registration (ACR) ID. Your application will be subject to credit evaluation.

BPI Personal Loan is currently only available to Filipino citizens who are residing in the Philippines.

You can submit a Personal Loan application while you are abroad through our online application form. However, once the loan is approved, we require clients to be physically present to sign the loan documents in any BPI branch in the Philippines.

Customers are required to sign the loan documents in any BPI branch in the Philippines. The approval of your loan shall only be valid for one month from the date of approval. You may still avail of the loan, provided that you will be available to sign your loan documents within approval validity.