BANK OF THE PHILIPPINE ISLANDS KA-NEGOSYO LOAN

Employment is not the only way to achieve financial freedom. Sometimes, it’s best to step back and see the current situation from a different perspective. The question people ask themselves the most is, “Am I going to grow old an employee?” But it’s definitely a good idea to have enough retirement fund years before you actually retire. The entrepreneurial mindset can help to achieve this. Gone are the days when employment is the only way to earn. People are now starting to learn how to work by day and do business at night or on weekends.

With BPI Family Ka-Negosyo Loan, everyone gets the business partner they’ve always wanted. It all starts with getting a loan to start a business. With flexible payment terms, customized to fit the current profit flow, getting financial assistance is now more accessible and achievable. Tagged as the Expert Financing Partner for every entrepreneur, BPI Family Ka-Negosyo Loan goes beyond the financial aspect. Their assistance goes all throughout the entire process – from start to operations, even in strategies to expand.

Now that having your own business is made easier with BPI Family Ka-Negosyo Loan, you get closer to the dream of having true financial freedom.

STANDARD REQUIREMENTS

GENERAL DOCUMENTS

1. Duly Accomplished Application Form
2. Photocopy of Income Tax Return (ITR) for the last 3 years
3. Bank Statements for the past 6 months
4. Copy of Marriage Contract, if applicable

REAL ESTATE COLLATERAL DOCUMENTS

1. Two (2) Photocopies of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)- Owner’s duplicate copy
2. Photocopy of Tax Declaration (land and building, if applicable)
3. Payment of Appraisal Fee

FOR FRANCHISING LOAN

• Franchise Endorsement / Contract with Franchise Owner

FOR CONSTRUCTION / DEVELOPMENTAL LOAN

• Building Plan
• Building Specifications
• Bill of Materials
• Development Permit
• Subdivision Plan
• Feasibility Study (for developmental loan only)

ADDITIONAL REQUIREMENTS

FOR EXISTING ENTREPRENEURS

• Company Profile
• Photocopy of BIR-stamped financial statements for the last 3 years
• Photocopy of Business Registration Certificate / Business Permit / Latest General Information Sheet
• Photocopy of SEC-validated Articles of Incorporation / By-Laws, if corporation
• Resume of Major Stockholders, if corporation

FOR EMPLOYED / FIRST TIME ENTREPRENEURS

• Updated Certificate of Employment indicating salary, position, and tenure
• Resume of Loan Applicant
• Certificate of Employment authenticated by Consul Office, if Overseas Filipino

Who are eligible to apply for a BPI Family Ka-Negosyo Business Loan?

Term Loan

• Filipino Citizen, of legal age but not more than 65 years old upon maturity of the loan.
• Entrepreneur with at least 3 years of profitable business operation; or, individual with at least 3 years stable income (professionals, OFs, employees)

Credit Line

• Filipino Citizen, of legal age but not more than 65 years old upon maturity of the loan.
• Entrepreneur with at least 3 years of profitable business operation.

Franchising Loan

• Filipino Citizen, of legal age but not more than 65 years old upon maturity of the loan.
• Entrepreneur with at least 3 years of profitable business operation; or, individual with at least 3 years stable income (professionals, OFs, employees)

Note: Parents may co-borrow together with children who are of legal age

Amount to borrow 

Term Loan

• Minimum of PHP 500,000 Loan Amount
• Maximum of 70% of appraised value of house and lot
• Maximum of 60% of appraised value of vacant lot or residential condominium

Credit Line: Loanable amount is subject to credit evaluation

Franchising Loan

Franchising Loan for Best List Brand Partners

• Minimum of PHP 100,000 – depending on franchise packages available
• 60% of Total Franchise Investment

Franchising Loan for non-Best List Brands

• Minimum of PHP 500,000 Loan Amount
• 60% of Total Franchise Investment