List of BPI Personal Loan Requirements 2025 for Application
BPI PERSONAL LOAN REQUIREMENTS 2026 – If you are self-employed, here are the documents you will need in applying for the offer of the Bank of the Philippine Islands.
Nowadays, countless Filipinos are self-employed. Many of these individuals earn good but they are hesitant when it comes to loans. Some self-employed got a belief that only the salaried individuals are usually eligible for loans — which is not true. In the case of the Bank of the Philippine Islands, almost all its loan offers are open for both salaried and non-salaried individuals.
The Bank of the Philippine Islands or more popularly known as BPI is one of the longest-serving banks in the country. Through the years, it has continually upgraded its loan offers as well as lengthened the list. Aside from the BPI Big Bike Loan, its loan offers also include the BPI Personal Loan which is a multi-purpose cash loan offer.
The BPI Personal Loan is open to finance a wide range of loan application purposes — financing car repair, travel, personal purchase, business, etc. This loan offer is open for locally-employed and self-employed individuals as well as overseas Filipino workers.
There are varying BPI Personal Loan requirements for application. Before checking on the list for the self-employed individuals, it is best to first check the eligibility criteria set by the bank.
If you are a self-employed individual who wants to apply for the loan offer, it is important to meet the following qualifications to be eligible for the loan:
- 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.
There is a specific set of BPI Personal Loan requirements for the self-employed applicants. You must prepare and submit the following documents to BPI:
- 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
When applying for the Personal Loan offer of the Bank of the Philippine Islands, you’ll need to present a valid government-issued ID as proof of identity. You may choose from the following documents to complete your 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 charges a processing fee for every loan application. Moreover, the bank may also impose a Documentary Stamp Tax on loans exceeding ₱250,000, as well as on loans intended for business purposes.
- 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
Are you also interested to know about the BPI Car Loan offer?