Guide on Requirements for BPI Personal Loan 2023 Application Process
REQUIREMENTS FOR BPI PERSONAL LOAN 2023 – Here are the documents needed by old and new clients of the bank in applying for the multi-purpose cash loan.
Are you looking for a bank where you may apply for a cash loan? In the Philippines, one of the entities that you may turn to is BPI or the Bank of the Philippine Islands, one of the most popular and trusted banking companies in the country.
BPI has several branches across the nation thus its services are really accessible. There is also a BPI Online that extends the banks offers to the people through digital means. The banks has several loan offers.
You can apply for a loan to BPI to buy a house or you may also opt a multi-purpose loan offer — the BPI Personal Loan. Under the latter, you can use the money for several purposes including the following:
- home renovation
- business
- travel
- education
- lifestyle
- car repair
Like in other loans, there are qualifications In applying for the loan offer. Here are the eligibility requirements for BPI Personal Loan 2023 application:
- 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.
With regards to the documents needed for application, the documentary requirements for BPI Personal Loan 2023 application depends whether the borrower is employed, self-employed, an overseas Filipino worker (OFW), or an allottee. You can check the details below:
Employed Loan Applicants
- duly-accomplished and signed BPI Personal Loan Application Form
- one (1) government-issued ID bearing photo of borrower
- three (3) months worth of pay slips in original copies
- latest Income Tax Return (BIR Form 2316)
Self-Employed Loan Applicants
- 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
Overseas Filipino Workers (OFWs)
- 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
Allottees
- duly-accomplished and signed BPI Personal Loan Application Form
- one (1) government-issued ID bearing photo of borrower
- proof of remittance
- most recent and unexpired POEA validated information sheet or recent employment contract or consularized COE
