Guide on How To Apply for BPI Salary Loan Offer for Employees
HOW TO APPLY FOR BPI SALARY LOAN – You can check here the process in applying for the loan offer for employees of BPI-accredited companies.
Many companies and businesses in the Philippines are accredited to the Bank of the Philippine Islands, more popularly called BPI, and yours may be one in the list. The trusted banking entity is one of those with exclusive offers for those that are accredited to it.
With regards to the exclusive offers of BPI for the employees of its accredited companies and businesses, on of them is the BPI Salary Loan. Through it, the bank aims to build partnerships with companies which are in the pursuit to facilitate the extra cash needs of their employees.
BPI guarantees not only assistance in the loan processing but as well as the management of monthly payments. Under it, the loan may be repaid for up to 36 months thus the employees can really opt for low monthly amortizations.
How to apply for the BPI Salary Loan offer? There is a unique yet easy process in applying for the loan offer for the workers of accredited companies. Here are the steps that you may follow:
- Step 1 — Prepare the requirements. There are documentary requirements that must be submitted in applying for the loan offer. Make sure that you prepare the following documents:
- valid Philippine government-issued ID or company ID
- latest payslips (past 3 months) or ITR (BIR Form 2316) or Certificate of Employment
- duly-accomplished and signed Salary Loan Application Form
- Step 2 — Submit your documents to your company’s HR representative. The loan applications of the employees of accredited companies are processed by the HR representative.
- Step 3 — Wait for an update from the bank regarding the status of your loan application. Please know that BPI charges a one-time processing fee of Php 1,500 which will be deducted from your loan proceeds.
If your company is not accredited to the Bank of the Philippine Islands, the banking giant has another multi-purpose cash loan offer that is open not only for employed and self-employed individuals but as well as allottees.
The Bank of the Philippine Islands has a long list of acceptable IDs in applying for its loan offers as well as in availing several other services. Here is the list of the acceptable IDs:
- Passport
- Postal ID
- Driver’s License
- Taxpayer Identification Number (TIN)
- Professional Regulatory Commission (PRC) ID
- Social Security System (SSS) card
- Voter’s ID
- Overseas Workers Welfare Administration (OWWA) ID
- Government Service Insurance Sysytem (GSIS) e-Card
- Government office and Government-owned and Controlled
- Senior Citizen card
- Development Mutual Fund (HDMF) IDs)
- Overseas Filipino Worker (OFW) ID
- Integrated Bar of the Philippines (IBP) ID
- Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home ID issued by the National Council on Disability Affairs
- 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
- PhilHealth Health Insurance Card ng Bayan
- Barangay Certification
- Police Clearance
- Department of Social Welfare and Development (DSWD) Certification
- Seaman’s Book
- PhilSys Digital ID
- Alien Certificate of Registration / Immigrant Certificate of Registration (notapplicable for Housing Loan)
- Professional ID cards issued by Maritime Industry Authority (MARINA)
- Printed ePhilID
