BPI Personal Loan : Flexible Bank Loan Options (2025)

Need extra funds for tuition, home repairs, travel, or major purchases? BPI Personal Loan lets you borrow from ₱20,000 up to ₱3,000,000 with flexible repayment terms—12, 18, 24, 30, or 36 months. Moneymax helps you compare BPI’s rates, fees, and eligibility so you can decide whether it's the right choice for you.

Key Features of BPI Personal Loan

• Loan amount: ₱20,000 to ₱3,000,000 (or up to three times your gross monthly income).
• Tenors: 12-36 months.
• Monthly add-on interest: ~1.20%.
• Annual Contractual Rate (ACR) / Effective Interest Rate (EIR): ~25.03% to 28.67%.
• Processing fee: ₱1,500 for loans below ₱250,000. Loans above that also incur Documentary Stamp Tax as per regulations.
• Late payment penalty: ~5% of the amount due.

Eligibility & Requirements

To apply for BPI Personal Loan, you typically need:

• Filipino citizen aged 21 up to ~60 years (age at loan maturity).
• Minimum annual income of ₱300,000.
• Valid government ID, proof of income (payslips or ITR), sometimes certificate of employment.
• Residence or work address near a BPI branch for verification.

Cost Breakdown & Computation

Here’s how cost adds up in BPI’s loans based on a representative case:

• If you borrow ₱50,000 for 12 months at ~1.20% monthly add-on, your monthly payments come to around ₱4,767. Total repayment is about ₱57,200; total interest ~₱7,200.
• Processing fees and documentary stamp taxes are deducted up front or applied as required. These add to effective cost.

Advantages & Considerations

Pros

• Higher loan ceilings vs many online lenders.
• Structured repayment terms with bank regulation oversight.
• Transparent fee schedule and penalties.

Considerations

• Approval takes longer (5-7 banking days).
• Processing fees & documentary taxes can add upfront cost.
• Monthly add-on vs. EIR differences can make effective cost higher than nominal rates suggest.

How to Apply via Moneymax

1. Visit the BPI Personal Loan page on Moneymax and fill in your loan amount & term.
2. Check your estimated monthly repayment, total interest, and fees.
3. Review eligibility, prepare required documents.
4. Submit application either through BPI’s site/branch or via Moneymax’s link.
5. Wait 5-7 business days for disbursement after approval.

FAQ

What is ACR, and how is it different from add-on interest?

ACR (Annual Contractual Rate) includes all fees and interest to give you the true annual cost of borrowing. Add-on monthly interest is a simpler method but tends to understate total cost.

Can self-employed borrowers apply?

Yes, but you need to submit ITR, audited financial statements or proof of business, plus a government ID.

What happens if you repay early?

Check BPI’s terms. Some banks may allow early prepayment but may still require you to pay interest for the loan term or have fees.

Information updated for 2025. Rates, fees, and requirements subject to change—always confirm directly with BPI before applying.