Guide on BPI Personal Loan Requirements for Application
BPI PERSONAL LOAN REQUIREMENTS – Here are the documents that applicants must submit depending if you are employed or self-employed.
The Bank of the Philippine Islands, more popularly called BPI, is undeniably one of the banks that have established a name in the banking industry. Millions of Filipinos have placed their trust to BPI and continuously avail its services.
The BPI offers range from savings and checking deposit accounts to credit cards and loans and other investment products. Its loan offers serve different purposes but there is also an offer that is multi-purpose.
You may apply for the BPI Personal Loan for the purpose of making a huge purchase, traveling abroad, paying the kids’ tuition fees, hosting an event, etc. This multi-purpose loan offer of the bank is open for both employed and self-employed individuals.
With regards to how much you can borrow under the BPI cash loan offer, the bank has generously provided details to guide its aspiring borrowers. For qualifications to this type of the loan, the following eligibility criteria must be met:
- at least 21 years old upon the loan application and not more than 60 years old upon the loan maturity
- a Filipino citizen
- working or residing within 30 kilometers from the nearest BPI branch
Aside from the qualifications, there are BPI Personal Loan requirements that are documentary. The list of documents that you need to prepare for application depends on whether you are employed or self-employed.
BPI Loan Requirements for Personal Cash Loan Application
If you are employed, prepare the following:
- duly-accomplished BPI Personal Loan Application Form
- valid Philippine government-issued ID bearing photo and signature
- latest three (3) months payslips or latest Income Tax Return (ITR) BIR Form 2316
If you are self-employed, prepare the following:
- duly-accomplished BPI Personal Loan Application Form
- valid Philippine government-issued ID bearing photo and signature
- Audited Financial Statements (AFS) in the recent three (3) years or latest Income Tax Return (ITR)
- Department of Trade and Industry (DTI) or Securities and Exchange Commission (SEC) Business Registration Certificate
To apply, bring your requirements to the nearest branch of BPI. Aside from the Personal Loan offer, there are other BPI loans that employed and self-employed individuals as well as overseas Filipino workers (OFWs) may apply for.