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 Finance Corp. https://upfinance.com/app/uploads/2020/04/Bukas.jpg
30F, Yuchengco Tower, 6819 Ayala Ave, Makati
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Interest rate 1.5% - 2%
Loan tenure from 6 to 12 months
Approval duration Up to 120 hours
Min. monthly income1

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 loan

Mapua 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 loan

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

Calculate loan

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

Calculate loan

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

Calculate loan

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

Calculate loan

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

Calculate loan

 

Loan Calculator

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

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
E-mail
Social networks

User rating

Reviews

2 months ago

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.