Personal Loans BPI

BPI Personal Loan Features

• BPI offers a Readiness Test which allows applicants / borrowers to assess their readiness to obtain Personal Loans from BPI.
• Applicants / Borrowers who are able to complete the BPI application process successfully may be eligible for personal loans of up to 2 million pesos.
• BPI Personal Loans delivers flexible installment terms where borrowers can pay up to 36 monthly installments. 
• Applicants / Borrowers do not have to worry about their assets since BPI Personal Loans do not require collateral. 
• Monthly payments can be made instantly and directly to BPI using the bank’s Automatic Debit facility. 

How to Apply for Personal Loans with BPI 

One of the advantages of applying for BPI loans is the bank’s simple and quick application process, which has been designed so that even those who are not familiar with the Internet can easily understand how online loan applications work.

Indicated below are the steps on how to get BPI Personal Loans online: 

1. Visit the bank’s website. 
2. Fill out all the required fields in the online application form which includes the loan and personal information, and then click the “Submit” button.
3. Prepare a scanned copy of the needed documents and email it to [email protected] and/or [email protected] 
4. An email will be sent to the registered email address upon successful submission. If the message is not found in your inbox, kindly check the spam folder. 
5. Wait for the SMS notification for the status of the loan application which usually takes 5-7 days. 

The applicant / borrower must ensure that all entries are complete, otherwise, it will result in a processing delay. Applications received after normal business hours will be processed the following business day. Standard business hours are 8:30 AM to 5:30 PM, Monday through Friday. 

Borrower Requirements 

To be eligible for a loan from BPI, an applicant must meet the following requirements:

For Employed: 

1. Valid Philippine government-issued ID with photo and signature
2. Latest 3 months payslips, or latest Income Tax Return (ITR) BIR Form 2316

For Self-Employed 

1. Valid Philippine government-issued ID with photo  and signature
2. Three (3) years of Audited Financial Statements, or latest Income Tax Return
3. DTI/SEC Business Registration Certificate

Note: The list IDs accepted by BPI are detailed in their website. Borrowers may visit the site and note down the IDs which they may or may not have to prepare their requirements. 

Conclusion 

BPI is always available to Filipinos who require high-quality financial services and products to meet their immediate needs. In addition to its extensive range of services, the bank operates 900 branches and 300 ATMs across the country. Because of BPI’s nationwide coverage and online capabilities, Filipinos can now complete transactions quickly and easily.

For borrowers who want to take advantage of all the benefits that BPI offers and address their financial constraints, they can apply for a Personal Loan from BPI anytime and anywhere with just a few clicks on their computer.