List of BPI Cash Loan Requirements 2025 for Application
BPI CASH LOAN REQUIREMENTS 2025 – Here are the documents required of self-employed individuals in applying for the Personal Loan offer of the Bank of the Philippine Islands.
In the Philippines, there are several banks but there are those that have really gained a reputable reputation. One of them is the Bank of the Philippine Islands. More popularly called BPI, it has helped countless Filipinos as well as foreign nationals through its different needs.
There are several loans that BPI offers for qualified clients. One of them is the Personal Loan, a multi-purpose cash loan offer that is ready to finance multiple purposes. You may apply for it to get your car repaired, host an event, make a personal purchase, etc.
The BPI Personal Loan offer is open for both locally-employed and self-employed individuals who meet the eligibility criteria set by the bank. To qualify for the loan offer, the loan applicant should meet the following BPI cash loan requirements for qualification:
- a Filipino citizen
- 21 years old and above upon the loan application filing
- 60 years and below upon the date of the loan maturity
- 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 BPI cash loan requirements that you need to submit in applying for the loan offer, here are the documents that self-employed individuals must prepare and submit to the bank for application:
- 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
Presenting an ID is required in applying for the BPI loan offer. This is also true in loan applications to other loan entities. With regards to the BPI Personal Loan offer, here is a guide on the IDs you may choose from to complete your requirements for application:
- 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)
It is important to note that the Bank of the Philippine Islands charges a one-time processing fee for application. There is also a charge for the documentary stamps tax to applicable loans. Here are the charges set under the bank loan:
- 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