List of BPI Personal Loan Requirements 2025 for Application
BPI PERSONAL LOAN REQUIREMENTS 2025 – For employed individuals who want to apply for the offer, here are the documents required by the Bank of the Philippine Islands.
Nowadays, many people prefer having loans with banks rather than private individuals due to several reasons — high loanable amounts, fixed details, low interest rate, and many others. In the Philippines, the Bank of the Philippine Islands is one of the trusted loan-providing entities that you may turn to.
Countless Filipinos have existing loans of different kinds with BPI. Aside from the BPI Auto Loan, the bank also has a multi-purpose cash loan offer which is the BPI Personal Loan. It can serve multiple financial needs. In fact, many people prefer it because of its flexible purposes and the fact that can provide for several financial needs without having to deal with multiple loans.
The cash loan offer is open for both employed and self-employed individuals but the BPI Personal Loan requirements for application vary even among the locally-employed individuals and those who are working abroad. If you are locally-employed, you can check the documents that you will need below.
Actually, before checking on the BPI Personal Loan requirements, the best thing to do first is to ensure that you qualify to the offer of the Bank of the Philippine Islands. Here are the qualifications set by the bank under 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.
To ensure a smooth process in applying for the loan offer, it is important to gather all the documents that you will have to submit for the application. For locally-employed individuals, here are the BPI Personal Loan requirements in applying 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 (BPI) requires a proof of identity. Make sure that you present a valid identification document or I.D. Here is a guide on the ID that you may present as part of the BPI Personal Loan 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)
The Bank of the Philippine Islands implements a few charges under the Personal Loan offer. Here is a guide on the deductions that may take:
- 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
The bank does not only offer loans but as well as varieties of BPI credit cards you might like to have.