How To Borrow Money at a Bank in the Philippines (BPI, Security Bank, BDO, Maybank)

Need cash these days? Applying for a loan in a bank is relatively easy if you know what bank to go to that can provide answer to your particular needs.  There is the availability of a non-collateral loan or personal loan that can be processed online which guarantees immediate funds that is uncomplicated and straightforward for your family’s need.  Below are lists of banks, their services and needed requirements so any individual can easily apply for a loan and renew it again if you badly need that cash quickly.  Check out the nearest banks in your area and inquire.

1. Bank of the Philippine Islands (BPI)

BPI How to Borrow Money at the Bank in the Philippines

The BPI website tagline for their personal loan campaign is “Get to your goals faster through our Personal Loan Service”.  First things first, the possible loan borrower should take the Loan Readiness Test available in their website to check if you are qualified or not.

Check their website at

If you are recommended for a personal loan, depending on your employment status, you need to submit their needed requirements.  If for example you are an employee or a professional, you need to submit

(1) two valid government-issued photo-bearing IDs
(2) Proof of income documents.  These can be three (3) months original pay slips; OR Latest BIR Form 2316 or ITR.  There is also a requirement that you need to have a chosen BPI branch for you to sign and submit these documents.

2. Security Bank

Security Bank offers online personal loan application. If you are a regular employee in a public or private institution and you are self-employed or have an existing business, you are qualified to avail of their personal loan application.  In their website, it says “ Make your dreams a reality using our multi-purpose, low-interest loan option with affordable payment terms.”

They offer a minimum amount of P30,000.00 and a maximum loan amount of P1,000.000.00 with payment terms of 12-36 months and approval time is only up to 5 working days.

You just need to log on to their website:

Click and fill up the necessary information, submit the requirements and wait for the approval.  It is an advantage if you have an existing account with Security Bank as it will be easy for them to check your financial standing.

3. BDO Unibank, Inc.

“Bring your plans to life with BDO Personal Loans”. BDO offers low-interest rates and easy payment terms for your personal loans such as home renovation, tuition fees, appliances, vacation, travel, special events and healthcare needs.

Just visit their website for more information at  Below are the basic requirements for you to qualify and be approved of a loan.

  • Filipino citizen or foreigner residing in the Philippines for more than two (2) years
  • Must be 21 years old at time of application but no more than 70 years old upon maturity
  • Minimum Gross Annual income
    • P120,000 for Salaried Employees
    • P400,000 for  Self-Employed / Professionals
  • Must have a mobile phone and at least 1 landline phone at either residence or office
  • Residence or office must be within BDO serviceable area
  • Additional application requirement for Salaried Employees
    • Must be at least one (1)  year tenure with the company
  • Additional application requirement for Self-Employed
    • Must be a sole proprietor or majority part-owner of a company operating for at least two (2) years.
  • Additional application requirement for Professionals
    • Must be in private practice for at least one (1) year

Below is the document requirements needed for pre approval of the loan

  • Photocopy of the latest BIR Form 2316 or W2 signed by employer’s authorized representative and submit any of the following:
  • Original Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation
  • Photocopy of last full month pay slip

4. Maybank Philippines

The Maybank website’s tagline says “Go from waiting for it to having it. Turn your simple dreams and little desires into reality with Maybank’s enAble Personal Loan.”

Log on to for more information.

Below are the details of the loan application eligibility and requirements:

  • A Filipino citizen, at least 23 years old but no older than 65 years old when your loan matures.
  • Home address or business address should be within any of the bank’s service regions.
  • Required contact numbers: home landline, office or business landline and a mobile number.
  • If employed, you should be with your current employer for at least 2 years and earning a minimum basic salary of P25,000. Your employer/company should be one of the Top 7,000 companies in the Philippines.
  • If Professional or Self-employed you should have been in the same profession or the same business for at least 5 years. As a business owner, business should have been operational for the past 5 years with at least 2 continuous year with profitable operations with an average monthly income of P200,000.


  • Completely filled out and signed application form
  • Photocopy of 2 valid IDs
  • Photocopy of latest credit card billing statement
  • Photocopy of latest utility billing statement with residence address
  • Proof of income for employed borrowers:
  • Original certificate of employment with compensation or 1 month payslip
  • Photocopy of latest ITR or BIR Form 2316
  • Proof of income for self-employed borrowers:
  • SEC/DTI Certificate of Registration
  • Latest 2 years ITR with BIR stamp and tax receipt
  • 2 years audited financial statements
  • Latest 6 months bank statements
  • List of 3 major suppliers and customers

So, what are you waiting for?  Check these banks now and you never know, they might be the answer to your financial needs.

5 responses to “How To Borrow Money at a Bank in the Philippines (BPI, Security Bank, BDO, Maybank)”

  1. mariecris longga says:

    gud eve po ok lang ba manghiram ng pera s banko kung ns haus lng po ko pero ung asw kp ns abrd mga ilng minim n amount ang pdeng hiramin slmt po

  2. Erline Dela Paz says:

    Magkano Ang monthly Ng 1million?
    12 months?
    24 months?
    36 months?
    Maximum length of mode of payment.
    Specify please!

  3. Hi my name is Anabel M. Gueta
    I need to loan. And I’m working in abroad..

  4. michael dino palito says:

    Hi I’m dino need ko po sana magloan pero 13,000 lang po monthly ko.

    Pwede po ba ako nakapagloan


  5. michael dino palito says:

    Hi I’m michael dino palito need ko po sana magloan pero 13,000 lang po monthly ko.

    Pwede po ba ako nakapagloan


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