bpi personal loan

BPI Personal Loan

Minimum loan amount

P 20,000

Minimum annual income

P 300,000

Add-on interest


Product Summary

bpi personal loan

BPI Personal Loan

Need money to fund your goals in life? Applying for a BPI Personal Loan online can help plan your future as early as now. Borrow up to ₱2 million with no collateral needed and get approved within a week. Plus, pay in flexible installments ranging from 12 to 36 months.

  • Borrow funds up to ₱2 million
  • Get approved within 5-7 banking days
  • Pay in 12, 18, 24, 30, or 36 monthly installments
  • Competitive interest rate at 1.2% monthly
  • Ideal for: planning vacations, starting a business
Age21 to 60 years old
Minimum Annual IncomeP300,000
Credit CardNot Required
Landline NumberNot Required
Processing fee%

Is this the right product for you?

Checkout the other personal loan listing.

BPI Personal Loan Review

There’s no denying that money is usually a catalyst to fulfill future goals that sometimes get stalled when money’s tight. Get the extra cash you need up to ₱2 million in flexible monthly installments with BPI Personal Loan.

Where Can I Use a BPI Personal Loan?

Get additional cash to fund your needs with BPI Personal Loan. You can apply for a loan collateral-free of up to ₱2 million or 3x your monthly salary. Monthly payments are up to 36 months and requirements are minimal. You can pay for your personal needs such as:

  • House renovation - Start hiring experts for repairs that were put on hold or to transform your house from ordinary to Instagram-worthy. Get a personal loan to achieve your house goals so you can comfortably live in your home.
  • Tuition fees/school expenses - Back to school also means it’s time to pay a higher tuition fee and additional school expenses such as a laptop or tablet, uniform, bag, and other school supplies. Be ready for school season by getting a BPI Personal Loan.
  • Business starter - Have you been wanting to be your own boss but don’t have the funds yet? Jumpstart your business by getting a BPI Personal Loan.
  • Travel expenses - Saving for a dream vacation might take a lifetime and life is short. Plan your trip now and get a little bit of help with BPI Personal Loan.

Who Can Get a BPI Personal Loan?

Before applying for a loan, you need to meet the following BPI Personal Loan eligibility criteria:

  • 21 years old and above and not older than 60 years old upon loan maturity
  • Filipino citizen
  • For non-OFWs, lives within 30 km from the nearest BPI branch
  • Minimum annual salary of ₱300,000

BPI Personal Loan Requirements for Filipinos

  • Valid government-issued ID with your photo and signature
  • Filled-out and signed application form
  • Income documents
  • BPI account (once an application is queued for approval)
  • Employed: your payslip in the last three months or your latest ITR BIR Form 2316
  • Self-employed:
    • Audited financial statements in the last three years or your latest ITR
    • DTI/SEC Business Registration Certificate
  • OFWs:
    • Via agency: Most recent and unexpired signed POEA contract or employment contract with boarding date
    • For direct hire:
      • Most recent three months Proof of remittance
      • Most recent and unexpired signed POEA Validated Information Sheet or latest POEA Overseas Employment Certificate (OEC), and latest employment contract*
      • Consularized COE (if remitter is a permanent resident in the country)

*OEC exemption screenshot with OEC BM online profile is acceptable if OEC print-out is not available

BPI Personal Loan Sample Calculation

To get a sample computation of your BPI Personal Loan, head down to the nearest branch near you to inquire. You may also call them at ‎(+632) 889-10000 or email at personal_loan@bpi.com.ph.

BPI Personal Loan Rates

  • Loan amount: ₱20,000 to ₱2 million
  • Loan terms: 12, 18, 24, 30, or 36 months
  • Monthly interest rate: 1.2%
  • Annual contractual rate/effective interest rate: 25.03% to 25.60%
  • Late payment penalty fee: 5% of the amount due
  • Processing fee:
    • Below ₱250,000 - A one-time fee of ₱1,500 that will be deducted from loan proceeds
    • Above ₱250,000 or for business needs - Documentary Stamps Tax equivalent to ₱1.50 for every ₱200 of the loan amount as required by the government
  • Minimal requirements: No collateral fee and no pre-termination fee


A BPI Personal Loan is perfect for any personal need. You can borrow for as low as ₱20,000 and as high as ₱2 million.

Aside from the monthly add-on interest, a processing fee of ₱1,500 will be deducted from your loan proceeds. For loans higher than ₱250,000, a documentary stamp tax equivalent to ₱1.50 for every ₱200 of the loan amount will be charged.

You can still apply for a BPI Personal Loan even if you don’t have a BPI account. Once your application is queued for approval, you’ll need to open an account with BPI to make it more convenient for you to receive your loan and pay your monthly installments.

BPI’s automatic debit facility allows you to conveniently pay your monthly installments. Just deposit to your BPI bank account and your payment will be automatically debited on your scheduled due date.

BPI will provide you with updates on your loan application via SMS. You can also call (+632) 889-10000 to follow up on your application.


Stay with us

Subscribe to us and get the latest news