Check Here the BPI Cash Loan Requirements You Must Prepare
BPI CASH LOAN REQUIREMENTS 2026 – If you are a locally-employed Filipino, here are the qualifications and the documents that you should meet.
Are you one of the self-employed Filipinos who rely on their business or allowances and are currently looking for access to extra cash? You don’t need to worry about the idea that most loans are only for the salaried workers in the country. There are excellent loan options available for self-employed individuals, too.
One of the loan offers that is open for both the employed and self-employed Filipinos is offered by the Bank of the Philippine Islands. More popularly known as BPI, this popular loan provider is among the country’s longest-serving banks.
Over the years, BPI has gained the trust of millions of Filipinos both locally and abroad. The bank provides a wide range of services which including savings and checking accounts, loans, credit cards, as well as investment products among others.
One of BPI’s loan products is the Personal Loan or also known as the cash loan offer. This option is highly flexible unlike the other offers like the BPI Car Loan. You may apply for it to fund various purposes such as travel, hosting events, or making personal purchases. The loan is available not only to employed individuals but also to self-employed applicants. There are specific BPI Cash Loan requirements under this offer.
Eligibility Requirements
Before preparing the documents, it is important to confirm first that you qualify for the loan. To be eligible, applicants must meet the following criteria:
- A Filipino citizen
- At least 21 years old at the time of application
- Not older than 60 years upon loan maturity
- The borrower must be the owner or majority stockholder with at least 40% stake in the business
- Must earn a minimum gross monthly income of Php 50,000
- The business must have been profitably operating for at least two (2) years with one (1) trade reference
BPI Cash Loan Requirements for Self-Employed Applicants
Here are the BPI Cash Loan requirements for self-employed individuals who want to apply for the offer:
- Duly accomplished and signed BPI Personal Loan Application Form
- One (1) government-issued ID with photo
- Latest audited financial statements
- Department of Trade and Industry (DTI) Business Registration or
- Securities and Exchange Commission (SEC) Registration Certificate
Accepted Identification Documents
A valid ID is required as part of the BPI Cash Loan requirements for application. The following IDs are accepted as long as they are valid at the time of application:
- Passport
- Professional Regulatory Commission (PRC) ID
- Driver’s License
- Postal ID
- Voter’s ID
- Government Service Insurance System (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 Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
- Overseas Filipino Worker (OFW) ID
- ID issued by the National Council on Disability Affairs
- 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 by the Bangko 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 (not applicable 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)
Applicable Fees
Here are the fees that may be applied on your loan:
- One-time processing fee — Php 1,500 (deducted from loan proceeds)
- Documentary Stamps Tax — Php 1.50 for every Php 200.00 for loans exceeding Php 250,000 or loans intended for business purposes
Have you also heard about the BPI cash loans offer for Seafarers and Employees of Accredited Companies.