Bukas in the Philippines
Bukas was founded in February 2019 with the vision of building a better tomorrow for Filipino youths, starting with affordable tuition installment plans. We work closely with top colleges and universities to provide an easy, secure, and integrated payment process for students. A few of our notable partner institutions include Far Eastern University (FEU), Mapua […]
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Bukas was founded in February 2019 with the vision of building a better tomorrow for Filipino youths, starting with affordable tuition installment plans. We work closely with top colleges and universities to provide an easy, secure, and integrated payment process for students. A few of our notable partner institutions include Far Eastern University (FEU), Mapua University, and Lyceum of the Philippines University (LPU). Combining strong expertise in financial services, entrepreneurship, and technology, our team is passionate about making a difference and creating impact at scale.
Bukas is a duly registered corporation in the Philippines under the name “Bukas Finance Corp.” under Company Registration No. CS201901691 and granted a secondary financing license with the Securities and Exchange Commission with Certificate of Authority Number: 1199.
Who can apply for a tuition installment plan?
To qualify for an installment plan, you must:
- Be a Filipino citizen
- Have a guarantor or guardian that is at least 21 years old
- Be enrolled as an undergraduate or postgraduate student in one of Bukas’ partner schools (EAC, FEU, JRU, LPU, Mapua, NTC and OLFU).
Far Eastern University
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Calculate loanMapua University
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Jose Rizal University
Interest rates: 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Lyceum of the Philippines University
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Emilio Aguinaldo College
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
National Teachers College
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Our Lady of Fatima University
Interest rates: 1,5% – 3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 100% Tuition Fee Coverage
Payment terms: Up to 12 months
Service fee: 3%
Approval time: within 72 hours
Loan Calculator
Borrower requirements
1. You must be a student (at least 18 years old) at one of Bukas’ partner schools. Our partner schools are Mapua University Manila, Mapua University Makati, LPU Manila, LPU Makati, Jose Rizal University, Far Eastern University Manila, Far Eastern University Makati, FEU Tech, Emilio Aguinaldo College, Our Lady of Fatima University Valenzuela, Our Lady of Fatima University Quezon City, Our Lady of Fatima University Antipolo, National Teachers College, and Eskwelabs.
2. You must be a Filipino citizen.
3. You have a guarantor that is over 21 years old and earns an income
Product Features
| Min. financing amount | ₱10000 |
| Max. financing amount | Up to ₱100000 |
| Min. loan tenure | 6 months |
| Max. loan tenure | 12 months |
| Interest rate | 1.5% - 2% |
| Approval duration | Up to 120 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 6 months | 7 months | 8 months | 9 months | 12 months |
| LOAN AMOUNT | ₱50000 | ₱50000 | ₱50000 | ₱50000 | ₱50000 |
| FEE | 1.5% | 1.5% | 1.5% | 1.5% | 1.5% |
| INTEREST AMOUNT | ₱375 | ₱438 | ₱500 | ₱563 | ₱750 |
| TOTAL REPAYMENT | ₱50375 | ₱50438 | ₱50500 | ₱50563 | ₱50750 |
Fees & Charges
| One time setup | |
| Processing fee | 3% |
| Stamp duty | |
| Disbursement & misc. fee | |
| Annual fee | |
| Other fees | |
| Penalties | |
| Early settlement | |
| Late payment charges | |
| Other penalties | |
Eligibility
| Age requirement | |
| Employment eligibility | |
| Min. salary requirement | ₱ gross per month |
| Guarantor / Collateral requirement | Yes |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details |
FAQ
Unfortunately, we are not able to Finance basic education, including secondary and high school.
Unfortunately, we cannot offer installments for those students who do not plan to study or are currently studying at our partner schools. However, you can fill out this form here so that we know if there is a chance that we will be able to serve your school soon.
All tuition fees; these include unit fees, miscellaneous fees, and all other fees that are listed in your school report
– Your school ID
– School bills / tuition fees and assessment of tuition fees – forms indicating the amount, full name, course, and student identification number are desirable.
Instead of your school ID, you can take a selfie with any valid state ID. You can click this link to get a list of valid government IDs https://bukas.ph/bukasdocs/
Contacts
| Full company name | Bukas Finance Corp. |
| Address | 30F, Yuchengco Tower, 6819 Ayala Ave, Makati |
| Phone number | |
| Social networks |
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User rating
Reviews
I would definitely recommend it to my fellow students who want to study and study again.
They provide great assistance to students who cannot afford tuition fees. At low interest per month and with immediate loan approval.