You can apply through the following channels:
a. Fill out our loan application form.
b. You may visit any BPI branch
c. Call us at (+632) 791-82000, press 2 for business loans or;
d. Email us at bbclientservices@bpi.com.ph
Overview
6 months
Maximum tenor
Php 300,000
Minimum loan amount
None
Collateral required
Benefits
Flexible
Repayment is in time with the business' quicker conversion cycles.
Convenient
Lower rates for succeeding Ka-Negosyo Ready Loans.
Easy
Not a lot of requirements needed and can be processed through different channels.
Quick guide
How to apply for a Ka-Negosyo Ready Loan
Testimonials
See what our satisfied customers have to say about our loans
GGK is a car wash stop by day, and a restaurant by night. During the lockdown, we had to close the restaurant for seven months. My main priorities at that time were our staff, who lost their jobs and sources of income, and finding ways to settle my payables. I was motivated by these challenges to find a way to start the GGK Asians Food Mini Mart to sell food essentials and needs. During this time, BPI reached out to me and offered me an opportunity to avail of a loan. This enabled me to put up a branch in Magalang, Pampanga. Since our opening, the shop became a hit with customers, and people started asking about franchising. Now, we have grown into six branches in Magalang, Mabalacat, and Angeles. Even if we suffered during the pandemic, with the help of BPI, I was able to recover and help more people who had no work by providing them with jobs in the different branches of my shop.
CJ Paguio Owner, Guido's Garage Kitchen and GGK Asians Food Mini Mart
At the time when COVID-19 was spreading as fast as it could, everyone felt fear, doubt and uncertainty. It was during that time that BPI reached out to me and asked how we were and how our business was affected. They shared the Bank’s outlook and it gave me confidence knowing that they will be there to support me and our business expansion plans. I also appreciate the efforts of my Business Loan Officer who was always there to assist me in securing whatever requirement I needed for my existing credit line and the new construction loan I was applying for. I am confident that my plans will push through in 2021. During the times of doubt and uncertainty, BPI assured me of their support. I now face my business future with confidence.
JV Habalo Owner, Virtual Realty Inc.
I started my first business, Maxximiler Distributors Inc., in Bacolod and Iloilo 25 years ago. Maxximiler is in the fast-moving consumer goods industry. We were doing good as more brand owners decided to partner with us for the region we were operating in. BPI helped me grow by providing clean lines to fund the expansion. However, in 1997, the currency meltdown struck the country and interest rates increased by more than 200%. I presented this predicament to BPI, and we agreed on better terms that would help the company stay afloat. In the next 24 years, the partnership flourished and led us to establish five more companies. I will always remember BPI in my humble beginnings.
Joey Mempin Owner, Mempin Group
Tools to assist you
Frequently asked questions
How do I know if I am eligible to apply for a Ka-Negosyo Ready Loan?
To apply for a Ka-Negosyo Ready Loan, you must meet the following criteria:
1. At least three (3) years of business operations
2. Filipino citizen ownership
3. At least one (1) year Philippine resident tenure
What are the requirements to apply for a Ka-Negosyo Ready Loan?
For sole proprietor and individual:
a. Duly accomplished application form
b. DTI Registration/Business Permit
c. Borrower’s ID
d. Spouse’s ID (if applicable)
e. Last 3 months bank statement (BPI and/or other banks)
f. Income Tax Return (ITR) for the last 3 years
g. Audited Financial Statements (AFS) for the last 3 years
For a partnership and corporation:
a. Duly accomplished application form
b. SEC Registration
c. Latest general information sheet
d. Articles of Incorporation/Partnership (including amendments, if any)
e. By-laws (including amendments, if any)
f. IDs of majority shareholders/authorized signatories
g. Last 3 months bank statements (BPI and/or other banks)
h. Latest 3 years Income Tax Return (ITR) (if aggregate loan exposure is more than Php 3,000,000)
i. Latest 3 years Audited Financial Statements (AFS) (if aggregate loan exposure is more than Php 3,000,000)
*This list is indicative only and non-exhaustive
How much is the processing fee?
The processing fee is Php 3,500.
Who do I contact if I have questions about Ka-Negosyo Ready Loan?
We have a dedicated customer service team for our SME clients. You may call us at (+632) 791-82000, press 2 for business loans, or email us at bbclientservice@bpi.com.ph.
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| Deposits are insured by PDIC up to P500,000 per depositor.| BPI is regulated by the Bangko Sentral ng Pilipinas