The Bank of the Philippine Islands lends from ₱20,000 to ₱3,000,000 without collateral or a guarantor, as long as the amount stays within three times your gross monthly income. Terms are 12, 18, 24 or 36 months with fixed installments.
Why do we recommend the BPI Personal Loan?
BPI prints the full cost on the product page: a monthly add-on rate of 1.35%, equal to a maximum annual contractual rate of 28.67%, and a one-time processing fee of ₱1,500 deducted from the proceeds.
The bank’s own example makes it concrete. A ₱20,000 loan over 12 months is repaid with ₱23,240 in total, about ₱1,936.67 a month. Loans above ₱250,000 also pay documentary stamp tax of 0.75% of the amount.
The process is simple: an online form, a call from a BPI-accredited telesales agent within 24 hours, then documents, evaluation and signing. The decision takes 5 to 7 working days, and the money reaches your BPI account 1 to 2 banking days after signing.
Author’s opinion
We would point a salaried employee or an established self-employed person here before any app. Installments are auto-debited from the BPI account, which removes the risk of forgetting a payment.
Keep the add-on method in mind. Interest is computed on the original amount, not on the declining balance, so the annual contractual rate of 28.67% is the figure to compare with other banks.
A longer term lowers the monthly payment but raises the total interest considerably. Choose the shortest term whose installment fits comfortably in your budget.
Prepare a certificate of employment or your latest ITR, and ask for the amount you need rather than the maximum.
I want to learn more about the BPI Personal Loan!
Who can apply, which documents BPI asks for and how the application works step by step are on the next page. Tap the button.
