Steps on How To Apply for BPI Personal Cash Loan Offer Online
Here is a guide on how to apply for the BPI Personal Cash Loan offer of the Bank of the Philippine Islands online.
In the Philippines, one of the banks that you may turn to for solutions to your financial needs is the Bank of the Philippine Islands. More popularly called BPI, it is one of the trusted and most popular banks in the country.
If you want a multi-purpose cash loan, you may turn to the BPI Personal Cash Loan offer that is open for both salaried and self-employed individuals. There is an easy process in applying for the loan that can get you up to an equivalent of thrice of your monthly income.
In fact, you may apply for the offer online. Here is a guide on how to apply for the BPI Personal Cash Loan offer online:
Step 1 — Before anything else, prepare your documentary requirements to ensure a smooth loan application process. Here are the documents needed for the loan application:
- valid Philippine government-issued ID bearing photo and signature
- proof of income
- If employed, prepare your latest three (3) months of payslip, OR latest Income Tax Return (ITR) BIR Form 2316, OR Certificate of Employment
- If self-employed, prepare your latest three (3) months of payslip OR latest Income Tax Return (ITR) BIR Form 2316 and your business’ Business Registration Certificate issued by DTI or SEC
Step 2 — Visit the official website of the Bank of the Philippine Islands and fill out the online application form to apply for the BPI Personal Cash Loan offer. If you are a seafarer, please do know that the bank has a separate offer for Pinoys working as crew ship.
Step 3 — After completing the online application form, submit the form. Upon a successful submission, an email will be sent to you through the email address you have provided. In case you did not receive a message in your inbox, you may check your spam inbox.
Step 4 — Wait for an update from the bank or an SMS notification regarding the status of your loan application.
One of the responsible moves to do before you apply for a loan offer is to check the interest rate and the processing fees of the bank or lender. In that way, you will also know how much may be deducted from your loan proceeds.