List of BPI Cash Loan Requirements for Employed Individuals
BPI CASH LOAN REQUIREMENTS – If you are an employed individual, listed here are the qualifications and the documents required for application.
In the Philippines, one of the banks that you may turn to for a multi-purpose cash loan offer is the Bank of the Philippine Islands. More popularly called BPI, the loan offer is open for application to meet different purposes. Thus, you can address multiple financial needs under a single loan.
The loan offer is open for employed individuals. Before checking the BPI cash loan requirements that you must submit for application, here are the qualifications that a loan applicant must meet to be eligible to apply for the loan offer:
- 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:
- the loan applicant must have a minimum gross income of P20,000 per month.
With regards to the BPI cash loan requirements for application, here are the documents required by the bank for submission to apply for the loan offer:
- 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)
The Bank of the Philippine Islands acceptable IDs provides the loan applicants a wide range of choices to choose from with regards to the ID that can be submitted to apply for the loan offer. Here is a list of the acceptable IDs:
- 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)
Kindly be aware that there are fees in applying for the Personal Loan offer of the Bank of the Philippine Islands. Here are the charges set by the bank under the cash loan offer:
- 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