List of BPI Personal Loan Requirements 2025 for Application
BPI PERSONAL LOAN REQUIREMENTS 2025 – For overseas Filipino workers (OFWs) who want to apply for the offer, here are the documents required by the Bank of the Philippine Islands.
Undeniably, there is a higher cost of living in the Philippines nowadays. Thus, many Pinoys opt to work abroad. While being away from their families could be hard, for them, it is harder to see their families in financially uncomfortable situations. However, due to the high costs of almost everything now, there are instances that even OFWs may need an extra access for cash.
Meanwhile, when it comes to an extra access for cash for OFWs, there is nothing to worry about. There are trusted entities that you can turn to and one of them is the Bank of the Philippine Islands or more popularly called BPI.
The Bank of the Philippine Islands or BPI has several loan offers for qualified individuals which may include OFWs. Aside from the BPI Passenger Car Loan, the reputable banking entity that is operating in the country for decades now also offers BPI Personal Loan.
The BPI Personal Loan is a multi-purpose cash loan offer that you may turn to for personal purchases, travels, hosting an event, education, etc. It is not only open for individuals who are locally-salaried but as well as overseas Filipino workers (OFWs).
With regards to the BPI Personal Loan requirements for application, it is best to first check the eligibility criteria to qualify for the offer before preparing the documents that you will have to submit. Here are the qualifications for application:
- 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:
- If employed, the loan applicant must have a minimum gross income of P20,000 per month.
- If self-employed, 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.
There is a unique list of BPI Personal Loan requirements for application set for OFW applicants. Here are the documents that you need to prepare and submit in applying for the loan offer:
- duly-accomplished and signed BPI Personal Loan Application Form
- one (1) government-issued ID bearing photo of borrower
- POEA contract or an employment contract with boarding date if hired through an recruitment agency
- For OFWs who were directly hired, submit the following:
- Proof of remittance for the last three months
- Latest and unexpired POEA validated information sheet or latest POEA Overseas Employment Certificate (OEC)
- Employment Contract
- Consularized Certificate of Employment
Part of the BPI Personal Loan requirements for application is one (1) valid ID. You may choose from any of the following options to prove your identity in the loan 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 implements a one-time processing fee. Documentary Stamps tax also applies for loans above Php 250,000.00.
- 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