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BPI Cash Loan Interest Rate: Everything You Need to Know

Getting a cash loan is a common solution when you need money for emergencies, travel, or other expenses. But the interest rate is an important factor to consider before you apply for a loan. In this article, we'll discuss the interest rates for BPI cash loans and everything you need to know to make an informed decision.

What is BPI?

BPI, or Bank of the Philippine Islands, is one of the largest banks in the Philippines. It was founded in 1851 and has been serving customers for over 170 years. BPI provides a wide range of financial services, including savings accounts, loans, and insurance.

What are BPI Cash Loans?

BPI Cash Loans are a type of personal loan that you can use for various purposes, such as home renovation, car repairs, or medical expenses. BPI offers flexible loan terms and easy application processes to make borrowing more accessible for everyone. You can choose from different loan amounts and repayment periods based on your needs and financial capacity.

What is the Interest Rate for BPI Cash Loans?

The interest rate for BPI Cash Loans varies depending on the loan amount and repayment term. As of August 2021, the interest rates for BPI Cash Loans start at 1.20% per month for a loan amount of PHP 20,000 with a repayment term of 12 months. The interest rate can go up to 1.95% per month for a loan amount of PHP 2,000,000 with a repayment term of 36 months. The interest rate also includes a one-time processing fee of PHP 1,500.

How to Compute for the Interest Rate?

You can use the loan calculator on the BPI website to compute for the interest rate based on your loan amount and repayment term. For example, if you want to borrow PHP 50,000 with a repayment term of 12 months, the monthly amortization would be PHP 4,944. This includes the interest rate of 1.45% per month and the processing fee of PHP 1,500.

How to Apply for a BPI Cash Loan?

To apply for a BPI Cash Loan, you can follow these steps:

  1. Visit the BPI website and click on Personal Loans.
  2. Select Cash Loan and choose the loan amount and repayment term.
  3. Fill out the online application form and upload the required documents.
  4. Wait for the loan approval, which may take 5 to 7 business days.
  5. If your loan is approved, the funds will be disbursed to your BPI account or through a check.

What are the Requirements for a BPI Cash Loan?

The requirements for a BPI Cash Loan may vary depending on your employment status and income. Generally, you need to submit the following documents:


BPI Cash Loans offer a convenient way to borrow money for your immediate needs. The interest rate may be higher than other types of loans, but the flexible terms and easy application process make it a viable option for many Filipinos. Before you apply for a BPI Cash Loan, make sure to check the interest rate and compute for your monthly repayments to ensure that you can afford it. Always remember to borrow only what you can pay back to avoid getting into debt.

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