BPI Personal Loan Undertaking

I confirm that:

1.  All the statements, information, and supporting documents provided by me are true, correct and accurate; 

2. Where the information or data provided was collected by me from third party sources, the relevant consent has been secured by me from the relevant parties to whom such information relates. 

3. I authorize third parties identified in this form to validate, confirm, and disclose to the Bank any information relating to me in connection with my application. 

4. Any material misrepresentations or falsity or omission herein will be construed as an act to defraud the Bank and may be a ground for the denial of my application or, if already granted, the cancellation or termination thereof, without prejudice to such civil and/or criminal liability that the Bank may pursue against me. 

5. It is the sole prerogative of the Bank to grant or deny my application and should the same be denied, the Bank has no obligation to provide me the reason for such decision, except as otherwise provided by law. 

6. All information and documents obtained by the Bank in connection with my application shall remain the property of the Bank. 

7. The Bank may impose such terms, conditions, and requirements as it may deem necessary or proper relative to my availment of any of the Bank’s products, services, facilities, and channels. 

8. I shall notify the Bank of any material change affecting the information and documents provided by me. 

9. I agree to receive updates, notices, and announcements on my application and I likewise agree that the Bank, its subsidiaries and affiliates (collectively, the “BPI Group of Companies”), their marketing partners and third parties, whether within or outside the Philippines (the “Program Partners”), as well as their respective authorized representatives, agents, and service providers, under an obligation of confidentiality, may pursue marketing initiatives and communicate such customer offerings and promotional opportunities to me through e-mail, SMS, mail, telephone calls, social media, e-commerce and telemarketing platforms or any other means of communication or channels with the Bank, such member of the BPI Group of Companies, or the Program Partners may deem appropriate for the purpose. 

10. I agree and authorize BPI, whether directly or through its authorized representatives and service providers including credit scoring institutions, to collect and share my information to any of the telecommunications companies namely; Globe or Smart, as identified in this form as part of BPI’s telco scoring and/or data analytics requirements. For these purposes, I further authorize BPI to inquire, validate share and disclose my information such as, but not limited to, my mobile number, email address, and mailing address  to the telecommunication company identified in this form and, for said telecommunication company, to likewise confirm, validate, share and disclose to BPI, its employees, authorized representatives and service providers including credit scoring institutions, any or all of my information including my telco score to enable BPI to process and/or approve my application.  I likewise agree and authorize BPI, whether directly or through its program partners to collect, obtain, validate and process my personal data such as, but not limited to, my name, birthdate, mobile number, mobile phone usage data, email address, mailing address, financial profile and such other information as may be required to enable BPI to evaluate and/or approve my application.

11. Where applicable, the Bank may enroll my approved application with any credit protection provider, or guarantee program of any institution, whether public or private, at the Bank’s sole option.

12. I have read and understood the Bank’s Terms and Conditions governing Products, Services, Facilities, and Channels found on www.bpi.com.ph and expressly agree to be bound, where applicable, by the terms and conditions thereof.

13. By signing this form or by availing or continuing to avail of the products, services, facilities, and channels of the Bank, any member of the BPI Group of Companies, or the Program Partners, I agree that all personal information of individuals related to me, my transactions, business and credit relationships, accounts or account information or records which are with the Bank, made available to the Bank, or are in the Bank’s possession from time to time, may be collected, obtained, used, stored, consolidated, processed, profiled, benchmarked, shared to, and disclosed, by and among the Bank and any member of the BPI Group of Companies, their successors and assigns, and their respective authorized representatives, agents, and service providers, for any or all the purposes described in the Data Privacy Statement published at www.bpi.com.ph and deemed incorporated by reference in this form.

The maximum annual contractual rate (ACR) is 25.60%. Flexible loan term options from 12 to 36 months. A minimal one-time processing fee of Php 1,500 will be deducted from the loan proceeds. Documentary Stamps Tax worth Php 1.50 for every Php 200 of loan amount will apply to loans above Php 250,000. To know more, click here.

Example: A loan amounting to Php 20,000 with a term of 12 months will pay Php 22,884, inclusive of interest. The estimated monthly amortization is Php 1,907 with ACR of 25.60%. Compute for your loan here.