List of BPI Personal Loan Requirements 2025 for Application
BPI PERSONAL LOAN REQUIREMENTS 2025 – For self-employed individuals who want to apply for the offer, here are the documents required by the Bank of the Philippine Islands.
Are you a self-employed individual who is in need of an access to some extra funds? Not all loan offers are just for salaried individuals. There are entities that you can turn to for loans that are open for self-employed individuals. One of them is the Bank of the Philippine Islands.
More popularly called as BPI, the Bank of the Philippine Islands is operating in the country for several decades now offering different kinds of savings and checking accounts, loans, credit cards, and many other financial products. With regards to the loan offers of the bank, aside from the BPI Big Bike Loan, the bank also offers the BPI Personal Loan offer.
The Personal Loan offer of the Bank of the Philippine Islands is a multi-purpose cash loan offer that can provide you with funds for several purposes. You may apply for it to purchase a gadget, get your car repaired, pay for your child’s tuition, travel, etc.
Who are qualified to apply for the offer? The Personal Loan of the Bank of the Philippine Islands is mentioned not only for salaried individuals, both locally and abroad, but as well as non-salaried individuals or self-employed ones. However, it is important to know that there are varying BPI Personal Loan requirements for application.
Before checking on the documents that you need to prepare and submit to apply for the loan offer, it is important to check the eligibility criteria first. To qualify for the BPI loan offer, you should meet the following qualifications:
- a Filipino citizen
- 21 years old and above upon the loan application filing
- 60 years and below upon the date of the loan maturity
- 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.
What are the documents that you will need in applying for the loan offer? In the case of self-employed individuals, here are the BPI Personal Loan requirements for application:
- duly-accomplished and signed BPI Personal Loan Application Form
- one (1) government-issued ID bearing photo of borrower
- latest audited financial statements
- Department of Trade and Industry (DTI) Business Registration or
- Securities Exchange Commission (SEC) Registration Certificate
In applying for the BPI loan offer, you need to present a government-issued ID to prove your identity. It should be within the validity period. You can choose from any of the following as part of the BPI Personal Loan requirements that you must submit to apply for the loan offer:
- 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)
BPI implements a processing fee in applying for a loan. Also, the bank may apply Documentary Stamps tax on loans that are above Php 250,000.00 as well as loans for business purposes.
- 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