BPI Logo

BPI Personal Loan

Low interest rates! Monitor your loan payments and outstanding balance from anywhere, anytime online.

  • icon Interest Rate
    Interest rate (p.a.)
    14.40% - 14.40%
  • icon Min. monthly income
    Loan Tenure
    1 - 3 years
  • icon Min. monthly income
    Approval Duration
    Within 8-13 banking days
  • icon Min. monthly income
    Min. monthly income
    ₱ 20,000

Loan Calculator

icon New Base Rate Loan Calculator

Monthly salary 20000
Interest Rate
You Pay
Total Interest Payable
Total Amount Payable

Whats so great about BPI Personal Loan?

  • Approved loan amount of ₱20,000.00 up to ₱1,000,000.00.

  • Fixed add-on interest rate of 1.20% per month.

  • Payments are automatically debited from your BPI account

Product Features

Min. Financing Amount ₱20,000
Max. Financing Amount Up to ₱1,000,000.00
Min. Loan Tenure 1 year
Max. Loan Tenure 3 years
Interest Rate 1.20% per month add-on
Approval Duration Within 8-13 banking days

Fee & Charges

One time set up
Stamp Duty ₱1.00 for every ₱200.00 of the loan amount if for business use. Otherwise, ₱1.00 for every ₱200.00 in excess of ₱250,000.00
Disbursement & misc. fee N/A
Early Settlement N/A
Late Payment Charges 5.00% per month on any balance outstanding


Age requirement Age 21 - 60
Employment eligibility At least ₱20,000.00 monthly income
Min. salary requirement ₱20,000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? Yes
Other details Method of Payment - Monthly payments are automatically debited from the nominated BPI account

Review by iMoney

Bank of the Philippine Islands or BPI is the first bank not only in the Philippines but also in the Southeast Asian region having been founded back in 1851. It is one of the most profitable universal banks in the country, ranked second with regards to market capitalization and fourth in terms of asset size. With almost 2 centuries in service, it has built its brand as one of the most reputable, reliable, and trustworthy names in the banking and financial industry with over 900 branches and 300 ATMs in the Philippines, Hong Kong, and Europe. Having a wide range of specialized financial products and solutions from consumer banking and lending, to asset management and investment banking, BPI can cater both to retail and corporate clients nationwide. To service customers who are in immediate need of additional funds, the BPI Personal Loan is one of the top options in the market. With a wide range of loanable amounts starting as low as ₱20,000 up to ₱1,000,000, it can cover most of your funding needs. From the start of your application to disbursement of funds, it can take as fast as 5 to 7 banking days with flexible repayment terms as early as 1 year up to 3 years. The interest is 1.2% add-on rate per month. You can avail of this loan if you have a minimum gross income of ₱25,000 per month.

Advantages Of Applying With BPI Personal Loan

  • Reputable, reliable, and trustworthy financial provider with nationwide coverage.
  • Accommodating loan amount.
  • Flexible repayment terms.
  • Competitive interest rates.

You can verify the product details and eligibility requirements on this page to check if it fulfills your checklist in getting a personal loan.

BPI Personal Loan FAQ

How much can I borrow?

With a BPI Personal Loan, borrow as much as 3 times of your gross monthly income, with amounts ranging from ₱20,000 up to ₱1,000,000, subject to approval.

How much personal loan can I get on my salary?

BPI Personal Loan amount is typically three times your salary.

Do I need collaterals to apply for the BPI personal loan?

The BPI Personal Loan is a non-collateral personal loan. No-collateral or even a credit card is required.

How does the BPI Personal Loan Calculator work?

The BPI Personal Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

What are the BPI Personal Loan Requirements?

An applicant must fulfill BPI’s eligibility criteria for a loan:

  • Must be at least 21 at the time of loan application and not older than 60 years old upon loan maturity.
  • A Filipino citizen living or working within a BPI - approved geographical lending area.
  • At least a permanent resident employed for two years with a gross salary of ₱25,000.00 per month.
  • An Overseas Filipino Worker with a minimum gross salary of ₱30,000.00 per month and employed for two years.
  • Self-employed applicants need to have an operational business for at least three years and a ₱50,000.00 minimum monthly income.

What documents should I prepare to apply for BPI Personal Loan?

In general, the following documents are necessary: An income document such as your payslip or ITR, proof of address such as your bank statement or utility bills, and 2 or 3 valid IDs. Futhermore, you will also have to prepare for the following documents:

Fully Employed applicants need:

  • Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.).
  • 3 months original pay slip and/or Latest Income Tax Return with BIR or Bank stamp (BIR Form 2316).

Self-Employed applicants need:

  • Business must be operational for at least 3 years.
  • Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.).
  • Audited Financial Statements for the last 3 years.
  • Latest Income Tax Return (BIR Form 1700 /1701).
  • Business Permit from DTI or SEC.

Overseas Filipino Workers (OFWs) will need:

  • Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.).
  • Agency based: POEA contract or Employment contract with boarding date Direct hire: Proof of remittance, POEA OFW Information Sheet or POEA Overseas Employment Certificate and Work Contract.

For Filipino workers based overseas who are interested in getting a BPI Personal Loan, BPI offers two options that are specific to both sea and land-based OFWs. Get more info about BPI Land-based OFW Personal Loan and BPI Seafarer Loan, their requirements, terms and conditions, and apply for the one best suited to your needs.

*Additional documents may be required during credit evaluation.

I don’t have a BPI account. Will my BPI Personal Loan application be accepted?

You can apply for their loan even if you don't have an existing BPI account. You will need to have a good financial record with your other banks to increase your chances.

How can I check my BPI personal loan status?

You can get updates on your loan application by sending an SMS to the mobile number provided in your application. You can also inquire over the phone for more updates by calling 8891-0000.

What are the payment methods for this financing?

The BPI Personal loan will automatically debit your repayment from your BPI savings account.

Is there any late payment charges for BPI Personal Loan?

Should you fail to pay on time, you unpaid amount will be charged with a 5% penalty fee.

Can I do early settlements for this financing?

You can settle your loan early but you will still be required to pay the entire interest for your chosen payment term.

I’m planning to apply for another BPI Personal Loan. Is this allowed?

You can only apply for one BPI personal loan.

Can I renew my BPI Personal Loan account?

You can renew your BPI Personal Loan account given that you managed to complete a loan cycle successfully. The renewal process will be treated as a new loan application, wherein you will have to go through the same process as before. BPI does not have auto renewal for their Personal Loan.

What is BPI Personal Loan terms and condition?

For the terms and conditions, you can read it directly from their website.

Is BPI Personal Loan the right one for me?

If a high standard of service is what you are looking for in a partner financial services provider, then BPI should be on top of your list. With years of experience and a reputation of providing quality customer service, there is no doubt that BPI can deliver top notch reliability in providing outstanding financial products and services towards all of their customers. Aside from their wide range of offerings, finding a branch near you will not be a problem with their nationwide coverage along with their online and mobile facilities, all of your transactions can be easily and conveniently performed. Aside from the aforementioned details of the BPI Personal Loan, if the previous qualities mentioned are what you are looking for, then having BPI as your preferred financial provider is the right match for your needs.

If you are considering personal loans from other banks in the Philippines, we also recommend:
EastWest Bank Personal Loan

Get easy financing options with Eastwest Bank Personal Loan as you enjoy low rates and flexible payment terms. Loan a minimum amount of ₱25,000 to as high as ₱2,000,000 with just ₱15,000 minimum gross monthly income requirement. You can pay the loan as early as 12 months and up to a maximum tenure of 3 years. You also enjoy a minimum contractual interest rate of 31.51% per annum and 1.49% monthly add-on rate.

Maybank Enable Personal Loan

Maybank Enable Personal Loan offers one of the more enticing packages in the market today. You can borrow any amount from ₱50,000 to ₱1,000,000 at a low interest rate of 13.2% per annum for a maximum tenure of 3 years. Minimum income requirement is also set at just ₱18,000 per month.

Citi Personal Loan

With one of the most well renowned banks in the world, getting a Citi Personal Loan has never been as quick and easy as before. Get approved in as fast as 24 hours with a long loan tenure of up to 5 years. Borrow any amount from ₱20,000 up to ₱2,000,000 with interest rate as low as 15.16% per annum. You also enjoy low income requirement of just ₱21,000 a month.

If you still haven't found what you're looking for, you can check out the other Personal Loans present on our website and review which one matches your requirements.