BPI in the Philippines

BPI is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia.It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization,and one of the most profitable banks in the Philippines. The bank has a network of over 900 […]

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Bank of the Philippine Islands https://upfinance.com/app/uploads/2019/08/bank-of-the-philippine-islands-bpi.jpg
6768 Ayala Avenue Makati City 0720 Philippines
(632) 818 5541 to 48 889-10000. Outside Metro Manila, you may dial 1-800-188-89100 using a PLDT landline, stocktransferoffice@bpi.com.ph investorrelations@bpi.com.ph sustainability@bpi.com.ph
Interest rate 0.49% - 1.2%
Loan tenure from 12 to 240 months
Approval duration Up to 168 hours
Min. monthly income

Leading

Jaime Augusto Zóbel de Ayala (Chairman) Cezar P. Consing (President & CEO)

Shareholders

PCD Nominee Corporation : 33.7213% Ayala Corporation: 21.8426% Ayala DBS Holdings¹: 21.3092% AC International Finance Limited: 8.6965% Archdiocese of Manila²: 8.4655% Michigan Holdings : 2.0653%[28] While Philippine Central Depository is listed a major shareholder, it is more of a trustee-nominee for all shares lodged in the PCD system rather than a single owner/shareholder.

Product Features

Min. financing amount ₱ 20000
Max.financing amount ₱ 2000000
Min. loan tenure 12 months
Max. loan tenure 240 months

Credit

Home loan

Interest Rates:

years 1-3 4-5 6=10 11-15 16-20
rates APR 5,88% 6,75% 9,5% 10,5% 12%

Maximum loan amount: 80% of appraised value of house and lot
Payment terms: Up to 20 years
Total gross monthly income (minimum): 40,000 PHP
Down payment: As low as 10% of purchase price
Approval time: 5-21 banking days

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Auto loan

Interest Rates:

months 12 24 36 48 60
rates APR 9,4% 10,25% 10,7% 10,79% 10,95%

Loan amount: Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Brand new truck: up to 70% of purchase price
Minimum loan amount: 200 000 PHP
Payment terms: Brand New: 12 to 60 months
Second hand: 12 to 60 months
Brand new truck: 12 to 36 months
Maximum car age: Second Hand units (not more than 5 years old)
Approval time: 1-5 banking days
Down payment: As low as 20% of purchase price

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Personal loan

Interest Rates: 2.14% per month
Minimum loan amount: 20 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: Up 36 months
Approval time: within 5-7 banking days
One-time processing fee: 1 500 PHP

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OFW loan

Interest Rates: 1.2% per month
Minimum loan amount: 20 000 PHP
Maximum loan amount: 300 000 PHP
Payment terms: Up 36 months
Approval time: within 5-7 banking days
One-time processing fee: 1 500 PHP
For our seafarer loan, the due date will start 60 days after the loan is booked because the first monthly installment is deducted from the loan proceeds.

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower Requirements

Eligibility: 
– Duly accomplished Application Form
– 2 valid Identitifcation Cards
– If married, both spouses to sign on the application form
– If with co-borrower or co-mortgagor, separate application form is needed
Income Documents:
If locally employed (working within the Philippines)
– Certificate of Employment (COE) indicating salary, position and length of service
– Latest Income Tax Return (ITR) for the last 2 years
If Expat Pinoy (Overseas Filipino Worker)
– Contract / Certificate of Employment (COE) authenticated by Philippine Consulate
– Crew Contract and Exit Pass validated by POEA (seaman)
– Proof of monthly remittances
– Notarized or authenticated Special Power of Attorney (BPI FSB Format)
If Self-Employed
– Articles of Incorporation and By-Laws with SEC Registration Certificate
– Audited Financial Statements for the last 2 years
– DTI Registration
– Income Tax Return w/ Statement of Assets and Liabilities (SAL) for the last 2 yrs
– List of Trade References (at least 3 names with telephone nos. of major suppliers/customers)
– Bank Statements for the past 6 months

Business loan

Ka-Negosyo Business Loan (Secured)

Rates:  from 6% per annum
Minimum loan amount: 500 000 PHP
Maximum loan amount: 70% of appraised value of house and lot
Minimum term loan: 1 year
Maximum term loan: Up 10 years
Approval time: within 5 banking days

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Deposited

Automatic Renewal

Required Daily Balance to Earn Interest 35 days 63 days 91 days 182 days 364 days
50 000 PHP to 499 999 PHP 0,625% 0,625% 0,625% 0,875% 0,875%
500 000 PHP to 999 999 PHP 0,625% 0,625% 0,625% 0,875% 0,875%
1 000 000 PHP to 4 999 999 PHP 0,75% 0,75% 0,75% 1% 1%
5 000 000 PHP and above 0,875% 0,875% 0,875% 1,125% 1,125%

Grow your Foreign Funds

Amount (US Dollar) 35 days 63 days 91 days 182 days 365 days 2 years
1 000 $ – 49 999 $ 0,5% 0,5% 0,75% 1% 1% 1%
50 000 $ – 99 999 $ 0,625% 0,625% 0,875% 1,125% 1,125% 1,125%
100 000 $and above 0,75% 0,75% 1% 1,25% 1,25% 1,25%

Credit Card

Petron-BPI Mastercard

Features:
3% Fuel Rebate at BPI-accredited Petron stations
FREE P200 Fuel Voucher Welcome Gift for newly approved Principal Cardholders
No annual fee on the first year
*Computed based on Petron XCS Plus at P47.00 per liter with an average weekly consumption of 40 liters per week.
**Enjoy a miximum of P15,000.00 rebates per calendar year. Rebates are credited on the next month’s billing statement from date of transaction.

BPI Gold Mastercard

Features:
AMF Waiver: First year FREE
Annual Income Requirement: P480,000
Real Thrills: Rewards Points P35 = 1 point
*FREE Travel Insurance package of up to 10 million
24/7 Customer Service through BPI Express Phone and Mastercard’s Global Service
Cash Advance of up to 100% of your credit limit Contactless Technology

BPI Blue Mastercard

Features:
AMF Waiver: First year FREE
Annual Income Requirement: P180,000
Real Thrills Rewards Points: P35 = 1 point
*FREE Travel Insurance package of up to P2 million
Cash Advance of up to 30% of your credit limit

BPI Amore Visa

Earn 1%, 4%, 3% rebates for every P1000 spend at BPI-affiliated establishments at Ayala Malls

Rebate Percentage Merchant Category
1% Bookstores, Department & Specialty Retail Stores, Drug Stores, Electronics &. Household Appliances, Health & Personal Care, Home Furnishing & Improvements, Leisure &. Sports, Schools, Schools & Office Supplies, Services &. Utilities, Supermarkets
4% Restaurants
5% Accessories, Clothing, Leather Goods, Shoes

BPI Amore Visa Platinum

BPI and Ayala shopping centers offer you the ideal shopping mall – a credit card and a privilege card in one. Your BPI Amore Visa Platinum allows you to enjoy the privileges and privileges of a mall. At the same time, it allows you to receive up to 25,000 discounts on purchases * when you spend in your favorite stores, restaurants and establishments in Ayala shopping centers.

BPI Family Credit Card

Features:
AMF Waiver: First year FREE
Annual Income Requirement: P180,000
Accepted in over 34 million Mastercard-affiliated merchants online and worldwide
Cash advance of up to 30% of your credit limit
Secured monthly Electronic Statement of Account

Debet Card

With BPI Credit you get more financial flexibility. You can pay for something now or later.

You can pay in the store through all branches of BPI and online through banking channels BPI 24/7. You can receive rewards in the form of benefits or discounts, and you can enjoy them immediately or later when you want to pay them off. You can better control your finances with a separate credit line, which you can use for corporate expenses / expenses for SMEs, and one for personal needs.

You can apply for a BPI loan at all branches of BPI and online via BPI 24/7 banking channels.
With all these features, BPI Credit really gives you the opportunity to manage your expenses!

BPI Visa Business Card
Feel the best of what the world has to offer, with a map that complements your signature lifestyle. Enjoy exciting travel, global services and exclusive benefits just for you. Apply now.

BPI Gold Mastercard
BPI Credit Gold Mastercard is a card that provides the best value with great peace of mind. Cardholders who use their card to purchase tickets receive FREE travel insurance for up to 10 million PHP.

FAQ

The longest loan period is 20 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

The longest loan period is 3 years.

You can fill out a loan application on the Bank’s website, then scan all the necessary documents and send them to Bank’s email address. Final approval takes an average of 5 to 7 days.

Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.

You do not require any collateral or guarantor to apply for a Personal loan.

Funds will be transferred to BPI’s bank account.

No, you don’t need to report money spent. You can use the money for a variety of personal needs, such as training, hospitalization, car upgrades, and paying bills.

No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

Contacts

Full company name Bank of the Philippine Islands
Address 6768 Ayala Avenue Makati City 0720 Philippines
Phone number (632) 818 5541 to 48 889-10000. Outside Metro Manila, you may dial 1-800-188-89100 using a PLDT landline
E-mail stocktransferoffice@bpi.com.ph investorrelations@bpi.com.ph sustainability@bpi.com.ph
Social networks

BPI is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia.It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization,and one of the most profitable banks in the Philippines.
The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 ATMs and CDMs (cash deposit machines).
BPI was founded during the Spanish Colonial Era of the Philippines as the El Banco Español Filipino de Isabel II, and when founded, provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today’s Philippine peso.

Users rating

Reviews

11 months ago

Have a great manager

Didn't need a loan after all, just debt assistance, Mr Manager put me in the right direction.

11 months ago

The easiest Loan I have ever received.

For me, this was so simple. I was approved quickly, no excess paperwork required, and the payment was very manageable. I am already 1 year ahead on payments for this 4 year loan. Discover has great customer service every time I deal with them. I think most of the time, you just have to approach someone with kindness. (Speaking as a customer service rep of 10+ years). Will consider them again in the future for another personal loan.