BPI Personal Loan (2024)

FAQs

How much is the BPI personal loan limit? ›

For our regular Personal Loan, you may get as much as 3 times of your gross monthly income, with amounts ranging from Php 20,000 up to Php 3,000,000. For our Seafarer Loan, you can get as much as Php 300,000, subject to approval.

Yes, you can conveniently apply online for a BPI Auto/Housing Loan wherever you may be. You may access the respective online application forms through the following links: BPI Auto Loan Application Form.

A Gross income of at least Php 30,000/month or Php 360,000/year. At least 2 years of profitable operations or practice.

If you are an OFW or based abroad, you can still apply for a home loan while outside the Philippines. This includes a filled-out application form, identification, income and property documents. Who can be your Loan Administrator? Preferably a family member.

Personal Loan Maximums

Most lenders state that their maximum personal loan amount is $50,000, though some will go as high as $100,000. Some borrowers, usually wealthy and with high credit scores, might be able to borrow more.

YOU ONLY NEED TO PREPARE:

For Employed applicants: Certificate of Employment (COE) or latest ITR, 2 valid government-issued IDs, TIN, Utility Bill. For Self-Employed applicants: Business Papers (DTI or SEC, Mayor's Permit), Latest ITR or Audited Financial Statements or latest 3-month bank statement.

As a foreigner you'll have to provide a little extra documentation to back up your loan application, including your ACR certificate, and your visa. However, aside from this, the requirements are fairly straightforward and similar to the process used for local applicants.

Low Income

While processing your Personal Loan application, one of the required criteria for eligibility is to have an appropriate regular income through a job, profession, or business. If your income is lower than the criteria or if it is volatile, the chances of you getting a Personal Loan can drop.

What is the minimum amount due for BPI? ›

Minimum Amount Due

This is the lowest amount you can pay on your credit card bill on or before the payment due date to keep your account in good standing and avoid incurring late payment charges. The minimum amount due is equal to 3.57% of the total amount due on top of other fixed monthly amortization.

Your credit score: Evaluating your 'creditworthiness' to see how much debt you have and how you've handled debt and repayments in the past. Your income: How much you earn will determine how much credit you can take on. Do you make enough money to repay your loan and still have enough left for other expenses?

You can choose to apply online by filling your form out and sending income documents to personal_loan@bpi.com.ph, or offline in the nearest bank branch. It usually takes 5 to 7 business days to approve or decline a BPI loan application.

I am an OFW and currently abroad. Can I apply? Yes, you can submit a Personal Loan application while you are abroad through our online application form. However, once the loan is approved, we require clients to be physically present to sign the loan documents in any BPI branch in the Philippines.

How much is Pag Ibig housing loan of OFW? With this HDMF program, an OFW may loan a maximum of 6 Million pesos. Your loan will depend on how much you are earning and willing to pay which is normally 40% of your disposable income. But first, you have to know if you are eligible.

Personal loan amounts range from Rs. 50,000 up to Rs. 50 lakhs. The loan amount is determined based on factors like your age, income, credit score and job type.

Different lenders offer varying loan amounts, but personal loans usually range from £1,000 to £25,000. The maximum amount you're likely to find from reputable lenders in the UK is around £50,000. However, this is likely to be only offered by banks to existing customers.

You can generally borrow up to $100,000 with a secured personal loan or up to $50,000 with an unsecured personal loan. However, the amount you can borrow is also determined by your borrowing power and ability to repay the loan.

In most cases, creditors will approve a loan amount that is up to 10 to 24 times your monthly salary. However, if you are using your existing income to repay a lot of debts, then your debt-to-income ratio will be high and this will negatively impact your creditworthiness.