BPI business loans for april 2024

BPI
Get a business loan at BPI. On 22.04.2024 there are 3 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
Offers: 3
Updated:
13.10.2022
11:10
BPI
SME Credit Line
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱300,000
Term
i

Loan term for the financial product

1 year renewable
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Use our cash loan matching system with a free credit check!

 

BPI
SME Term Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱300,000
Term
i

Loan term for the financial product

up to 5 years
BPI
Ka-Negosyo Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱500,000
Rate
i

Effective interest rate on the product

from 4.5% per year
BPI bussines loan calculator
Calculate the loan at BPI
Loan amount
i

The amount you want to receive

PHP
PHP
20000 ₱
2000000 ₱
Loan term
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Specify the desired length of the loan

months
days
12
36
Annual Contractual Rate (ACR)
i

Choose the interest rate on the loan

14.4 %
25.6 %
Type of payments
i

Specify the type of payment for calculating

Interest rates on loans in the Philippines

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months.

Business loan application
Loan amount
i

Specify the desired loan amount

100000 ₱
10000000 ₱
Loan term
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Specify the loan term for the calculation

1
72
Business loan application
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Loan amount
0 ₱
Loan term
0 month
Loan comission
29 246
More
Savii
1
No comment yet coz im not yet approved in my application
Review
DIGIDO
5
very fast
Review
Kviku
4
Please address my concerns regarding my loan application and its processing...
Review
Kviku
1.6
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
Review
Kviku
1.4
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
Review
Kviku
1.8
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
Review
BPI business loans for april 2024

BPI Business loans are SME Term Loans and SME Credit Lines, which offer a lump sum or ongoing access to business funds for a fixed term or a year. SME stands for small and medium enterprises.

Types of BPI Business Loans

  1. An SME Term Loan is a fast, secured loan for long-term projects, supplier payments, inventory or equipment purchases, capital expenditures, and expansion. Loans may be secured by real estate mortgage, deposit, or investment. The maximum term is five years; the minimum loan amount is Php 300,000. The processing fee is Php 3,500.
  2. An SME Credit Line providing ongoing funds access can be renewed annually. You only pay interest for the funds you use. It is suitable for short-term goals, unexpected expenses, and growth. The minimum loan amount is Php 300,000, which may be secured with collateral. The processing fee is 0.5% of the approved amount.

How to apply for an SME loan or line of credit?

To apply for an SME Term Loan, you may visit any BPI branch, call (02) 7918-2000, press 2 for business loans, or email at [email protected]

To apply for a BPI SME Term Loan or an SME Line of credit, provide the documents:

For sole proprietors and individuals

  • Duly accomplished application form
  • DTI Registration/Business Permit
  • Borrower’s ID
  • Spouse’s ID (if applicable)
  • Last three months BPI and another bank statement
  • Latest Income Tax Return (ITR) for the previous three years.

For partnerships and corporations

  • Duly accomplished application form
  • SEC Registration
  • General Information Sheet
  • Articles of Incorporation/Partnership, including amendments (if any)
  • By-Laws, including amendments (if any)
  • Ids of majority shareholders/authorized signatories (photocopy)
  • Last three months' bank statements (BPI and/or other banks)
  • ITR for the last three years
  • Annual Financial Statements for the previous three years

Requirements

To be eligible for an SME Term Loan or SME Line of credit, you must:

  • Be a Filipino citizen
  • Be over two years in present / immediately preceding residence
  • Be over 21 years old but under 70 years old at the time of loan maturity
  • Have at least three years of business operations

Pros and cons

Pros

  • Tailored for business needs
  • Suitable for sole proprietors and corporations
  • Higher loan amount with collateral

Cons

  • Strict eligibility criteria
  • No online application
  • Collateral may be lost in the case of default
  • High processing fee for a line of credit

How to make a payment?

For any information, contact a BPI customer service team for SME clients. You may call (02) 7918-2000, press 2 for Business Loans, or email at [email protected].

FAQ

What are SME loans?

An SME loan is a Small and Medium Enterprise (SME) Business Loan — financing designed to meet the needs of sole proprietors, individuals, and corporations. In addition, credit Lines and Term Loans could be provided.

Who is eligible for SME loans?

To qualify for a BPI SME loan or credit line, a borrower should be a Filipino citizen over 21 and under 70 years old, living more than two years in present / immediately preceding residence, and having at least three years of business operations. 

BPI requires personal, income, and business documents that must be provided by sole proprietors and individuals or partnerships and corporations.

Who are SMEs in the Philippines?

Small and medium enterprises (SMEs) in the Philippines are any enterprise with 10 to 199 employees and/or assets valued from Php 3 million to Php 100 million. SMEs and micro enterprises combined make up 99,5% of all enterprises and 62,66% of the national labor force in 2020.