Especially designed for franchising businesses, BPI Family Ka-Negosyo Franchising Loan offers affordable financing to enable you to start your franchise business today.
Pre-processing requirements
STANDARD REQUIREMENTS
GENERAL DOCUMENTS
- Duly Accomplished Application Form
- Photocopy of Income Tax Return (ITR) for the last 3 years
- Bank Statements for the past 6 months
- Copy of Marriage Contract, if applicable
(+) REAL ESTATE COLLATERAL DOCUMENTS
- Two (2) Photocopies of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) – Owner’s duplicate copy
- Photocopy of Tax Declaration (land and building, if applicable)
- 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
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
1. 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 |
2. How much can I 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 |
3. How much should my minimum household income be to qualify for a loan?
· Minimum of PHP 50,000
4. What are the loan terms available?
| Term Loan | · Minimum of 1 year · Maximum of 10 Years |
| Credit Line | · 1 year |
| FranchisingLoan | · Minimum of 1 year · Maximum of 3 Years |
5. What collateral is acceptable?
· Residential and Commercial Real Estate
· Bank Deposits
· No Collateral Option – available for Franchising Loans for Best List Franchise Brands. To check the list of Best List Franchise Brands, click here.
6. What are the requirements to apply and avail of a loan?
· To view complete list of pre-processing requirements, click here.
7. Where can I get more information about Ka-Negosyo Business Loans?
· For application forms and product information, product brochures are available in all BPI and BFB Branches nationwide.
· To know how Ka-Negosyo loans can be customized to the business expansion needs of negosyantes, call your Ka-Negosyo Account Officers servicing your areas.
· Else, e-mail us at kanegosyo@bpi.com.ph, call 754-NEGO(6346), text 0917-8KANEGO / 0922-869NEGO
If you’re ready to grow your business, it’s time to apply for a BPI Family Ka-Negosyo loan.
Apply online now
For any inquiries, contact them via email at kanegosyo@bpi.com.ph, fax # (02) 754-6887, or visit the nearest BPI or BPI Family Savings Bank branch.
