BANK OF THE PHILIPPINE ISLANDS (BPI)

PERSONAL LOAN

Features

• Loan amount: It is enough to depend on. You can get up to 3 times of your gross monthly income, with amounts ranging from PHP 20,000 to PHP 1,000,000, subject to their approval.
• Loan purpose: It fits your needs. It’s a multi-purpose loan that you can use for anything and everything that matters to you.
• Loan Term: Choose among 12, 18, 24, 30 and 36 months to make your monthly installments, light on your pocket.
• Interest Rate: Get the best deal. Enjoy their low interest rate of 1.20% and affordable payment schemes.
• Loan Availability: Get your cash quickly and safely from your BPI nominated account.
• Payment Method: It’s so easy. They will automatically debit your scheduled installment from your BPI deposit account.
• Loan Monitoring: Monitor your loan payments and outstanding balance from anywhere, anytime via BPI Express Online or 89-100 BPI Express Phone.

Benefits

Whether it’s for your child’s education, a long-planned home renovation, that dream business or simply an unexpected event, getting a Personal Loan is an affordable and easy way to get the extra cash to meet your needs. Plus, seize the other benefits that you can enjoy with ready cash on hand:

• Get big discounts on products and services if paid in cash.
• Avail of products and services that are only available in cash.

Personal Loan is also a great and easy way to stay in control of your finances, given the following:

• Fixed interest rate for the entire term of the loan, so your monthly installment never changes
• Fixed term so you know how many payments you need to make to pay off your loan
• Longer payment period gives you the flexibility to fit your monthly installment right into your budget.
• Monthly principal payments make sure that your outstanding loan steadily decreases over time.
• All you have to remember is to pay your loan on time to preserve your good credit standing.

Documents Required

Please check the required documents for your BPI Personal Loan application below:

Employee/Professional

1. Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
2. 3 months original pay slip and/or Latest Income Tax Return with BIR or Bank stamp (BIR Form 2316)

Self-Employed

1. Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
2. Audited Financial Statements for the last 3 years
3. Latest Income Tax Return (BIR Form 1700 / 1701)
4. DTI Business Permit or SEC Registration

Overseas Worker

1. Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
2. Agency based: POEA contract OR Employment contract with boarding date
3. Direct hire OFW: Latest & Unexpired POEA Validated OR Latest POEA Overseas Employment Certificate (OEC) and Latest Employment Contract (in Lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile) OR Consularized COE (if remitter is permanent resident in the country), Latest 3 months proof of remittance.
4. Direct-hire Allottee: Latest & Unexpired POEA Validated Information Sheet OR Latest Employment Contract ORConsularized COE (if remitter is permanent resident in the country), Latest 3 months proof of remittance