The maximum annual contractual rate (ACR) is 25.60%. Flexible loan term options from 12 to 36 months. A minimal one-time processing fee of Php 1,500 will be deducted from the loan proceeds. Documentary Stamps Tax worth Php 1.50 for every Php 200 of loan amount will apply to loans above Php 250,000. To know more, click here.
Example: A loan amounting to Php 20,000 with a term of 12 months will pay Php 22,884, inclusive of interest. The estimated monthly amortization is Php 1,907 with ACR of 25.60%. Compute for your loan here.
Benefits
Up to Php 1 million loanable amount
Get up to thrice your monthly income.
Flexible installment terms
Pay in 12, 18, 24, 30, or 36 monthly installments.
Low monthly add-on rate
Enjoy a low monthly add-on rate offered exclusively to your employees.
Minimal requirements
Reduced loan requirements for your employees.
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How to apply
How to apply for a Salary Loan
Submit the following to your HR Representative:
1. Valid Philippine government-issued ID or company ID
2. Latest payslips (past 3 months) or ITR (BIR Form 2316) or Certificate of Employment
3. Duly accomplished and signed Salary Loan Application Form
List of acceptable IDs
- Passport
- Driver's License
- Professional Regulatory Commission (PRC) ID
- Postal ID
- Voter's ID
- Taxpayer Identification Number (TIN)
- Government Service Insurance Sysytem (GSIS) e-Card
- Social Security System (SSS) card
- Senior Citizen card
- Overseas Workers Welfare Administration (OWWA) ID
- Overseas Filipino Worker (OFW) ID
- Government office and Government-owned and Controlled
- Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
- ID issued by the National Council on Disability Affairs
- Integrated Bar of the Philippines (IBP) ID
- Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Banko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) or Insurance Commission (IC)
- PhilHealth Health Insurance Card ng Bayan
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Barangay Certification
- Seaman's Book
- Alien Certificate of Registration / Immigrant Certificate of Registration (notapplicable for Housing Loan)
- Department of Social Welfare and Development (DSWD) Certification
- Professional ID cards issued by Maritime Industry Authority (MARINA)
Tools to assist you
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| Deposits are insured by PDIC up to P500,000 per depositor.| BPI is regulated by the Bangko Sentral ng Pilipinas