List of BPI Cash Loan Requirements 2025 for Application
BPI CASH LOAN REQUIREMENTS – Here are the documents required of overseas Filipino workers (OFWs) in applying for the Personal Loan offer of the Bank of the Philippine Islands.
Nowadays, there are banking entities that cater not only to the financial needs of Filipinos who are working in the Philippines but as well as those who are working abroad. One of these banks is the Bank of the Philippine Islands or more popularly called BPI.
BPI is one of the most trusted banks in the country. It is operating in the Philippines for decades already. It has several offers from savings and checking accounts to loans of different kinds, credit cards, investment products, etc.
With regards to the BPI loans, they serve different purposes and there is also an offer that is multi-purpose — the BPI Personal Loan or also called the cash loan offer. It is open not only for the locally-employed and self-employed Filipinos who meet the BPI cash loan requirements but as well as overseas Filipino workers (OFWs).
What are the BPI cash loan requirements for qualification? Here is the eligibility criteria set by the bank:
- a Filipino citizen
- 21 years old and above upon the loan application filing
- 60 years and below upon the date of the loan maturity
- proof of income:
- If employed, the loan applicant must have a minimum gross income of P20,000 per month.
- If self-employed, the borrower must be the owner or the majority stockholder with at leat 40% stake in the business and earning a gross monthly income of at least P50,000 per month. Furthermore, the business must be in a profitable operation for at least two (2) years already with one (1) trade reference.
Just like in other loan offers, there are also BPI cash loan requirements that have to be submitted in applying for the Personal Loan. In the case of the overseas Filipino workers (OFWs), here are the documents required by the bank for the loan application:
- duly-accomplished and signed BPI Personal Loan Application Form
- one (1) government-issued ID bearing photo of borrower
- POEA contract or an employment contract with boarding date if hired through an recruitment agency
- For OFWs who were directly hired, submit the following:
- Proof of remittance for the last three months
- Latest and unexpired POEA validated information sheet or latest POEA Overseas Employment Certificate (OEC)
- Employment Contract
- Consularized Certificate of Employment
You need to present an ID in applying for the loan offer as a proof of identity. The Bank of the Philippine Islands accepts the presentation of any of the following as long as the ID is within its validity period:
- Passport
- Professional Regulatory Commission (PRC) ID
- Driver’s License
- Postal ID
- Voter’s ID
- Government Service Insurance Sysytem (GSIS) e-Card
- Taxpayer Identification Number (TIN)
- Social Security System (SSS) card
- Overseas Workers Welfare Administration (OWWA) ID
- Senior Citizen card
- Government office and Government-owned and Controlled
- Overseas Filipino Worker (OFW) ID
- ID issued by the National Council on Disability Affairs
- Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
- Integrated Bar of the Philippines (IBP) ID
- PhilHealth Health Insurance Card ng Bayan
- Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Banko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) or Insurance Commission (IC)
- National Bureau of Investigation (NBI) Clearance
- Barangay Certification
- Police Clearance
- Alien Certificate of Registration / Immigrant Certificate of Registration (notapplicable for Housing Loan)
- PhilSys Digital ID
- Department of Social Welfare and Development (DSWD) Certification
- Seaman’s Book
- Printed ePhilID
- Professional ID cards issued by Maritime Industry Authority (MARINA)
There is a loan application processing fee that will be deducted from the loan proceeds for successful loan applications. You can check the details below for the processing fee as well as the Documentary Stamps Tax for loans with loan amounts Php 200,000 and above:
- one-time processing fee — Php 1,500 (to be deducted from the loan proceeds)
- Documentary Stamps Tax — Php 1.50 for every Php 200.00 for loans above Php 250,000 or loans for business purposes