Frequently Asked Questions

For a Filipino version of this page you may go here

To redirect you to a helpful link, click the topic you would like to know more about in the list below:

  1. Valid Documents for Application
  2. School Assessment Form for Application
  3. How to Get Facebook URL
  4. How to Pay for Your Tuition Installment Plan
  5. Dragonpay Payment Channels
  6. Multiple Tuition Installment Plans

Tuition Installment Plan

  • What is an installment plan?
    • An installment plan is a method of paying for something where the buyer defers payment for now and only needs to make partial payments over a specified period (usually with interest). It is usually used by consumers when purchasing big ticket items (eg. mobile phones, appliances, electronics, etc.) in order to minimize the amount of cash out.
  • What is a Bukas Tuition Installment Plan?
    • The Bukas Tuition Installment Plan is an alternative school payment plan that can cover up to 100% of tuition and is payable in 12 monthly installments with only a 1.5% monthly flat interest rate per month and a one-time 3% service fee.
  • How does the Bukas Tuition Installment Plan work?
    • Our installment plans help you enroll in our partner schools immediately and hassle-free! Once your application is approved, we disburse the full requested amount to the school, and you only pay your monthly dues every month for 12 months.
  • What programs does Bukas finance?
    • Bukas finances tuition and school fees of both Undergraduate (College) and Graduate (Masters, Doctorate, Law and Medicine) programs that are administered by our partner schools.
  • Can I use Bukas to finance my High School and Senior High School tuition?
    • Unfortunately, we do not have a facility to finance basic education - including High School and Senior High School.

Applying for a Tuition Installment Plan

  • What are the requirements to become a Bukas borrower?
    • 1. You must be a student (at least 18 years old) at one of Bukas' partner schools. Our partner schools are Mapua University Manila, Mapua University Makati, LPU Manila, LPU Makati, Jose Rizal University, Far Eastern University Manila, Far Eastern University Makati, Far Eastern University Alabang, FEU Tech, Emilio Aguinaldo College, Our Lady of Fatima University Valenzuela, Our Lady of Fatima University Quezon City, Our Lady of Fatima University Antipolo, Our Lady of Fatima University Laguna, Our Lady of Fatima University Nueva Ecija, ,Our Lady of Fatima University Pampanga, National Teachers College, Eskwelabs, Malayan Colleges Laguna, Malayan Colleges Davao, Centro Escolar University Manila, Centro Escolar University Makati, Centro Escolar University Malolos, Magsaysay Center for Hospitality and Culinary Arts (MIHCA), and University of Nueva Caceres.

      2. You must be a Filipino citizen.

      3. You must have a guardian who is at least 21 years old.

  • How do I apply for a tuition installment plan?
    • 1. Create an account at app.bukas.ph/register and complete your profile.
      2. Fill up an application form. You can view the Initial Computation here (this serves as a rough estimate and may change by the final approved amount)
      3. Upload your Selfie with Student ID, and Tuition Form (please assure that the selfie file uploaded should not exceed 10MB to avoid uploading issues)
      4. Submit your application and wait for the approval SMS
      5. Confirm your agreement
      6. Wait for an SMS to confirm we've disbursed the approved amount to the school

      For the amount to reflect in your respective school's student portal, it would take around 2-3 business days. We suggest reaching out to the schools or presenting the confirmation SMS as proof of payment.

  • What if I am currently enrolled in a school not included in your partner schools?
    • Unfortunately, we cannot offer installment plans for students who don’t plan to enroll or currently enrolled in our partner schools for now. However, you may fill up this form here for us to know if there is a possibility that we can serve your school soon.
  • What fees can I apply for?
    • All tuition related fees; these would include the per unit fee, the miscellaneous fees and all other fees that are found in your school tuition statement
  • What documents do I need to apply for a tuition installment plan?
    • Your school ID
    • School billing /tuition billing/assessment form/registration form/SOA/COM - any proof of enrollment or any document that includes amount due, full name, course, and student ID number will be accepted. If not available, screenshots of the student portal or student ledger with previously mentioned details can also be accepted.
  • I still don't have a school ID. What do I submit?
    • In lieu of your school ID, you can take a selfie with any government-issued valid ID. For a list of valid government IDs you may click this link here
  • What are the qualifications of a guardian?
    • We encourage that your guardian is someone who resides with you or who has the same address as you. However, if this is not possible, you can have someone who has an address within the Philippines. Hence, an overseas Filipino worker is not allowed to be your appointed guardian.
  • My term is over and I still have payments for my existing Bukas Tuition Installment Plan. Can I still borrow for my next term?
    • Yes, you can borrow for your next term, subject to qualifications. Please note that our team can approve, reject, or cancel a loan at any time if we find that you do not meet any of our qualifications.
  • Can I apply for another plan even if I have an existing installment plan?
    • You can apply for another tuition installment plan only after at least 60 days from your previous application. For more information, click "here".
  • How long does the application take?
    • It takes around 3-5 business days for you to receive feedback from our team. Once your application has been approved and you've confirmed your agreement, we disburse the amount within 1 business day.

      Take note that business days is Mondays through Fridays, excluding weekends and holidays, from 9 AM to 5 PM.

Installment Plan Payments

  • How do I pay?
    • 1. Unionbank - Union Bank branches (over-the-counter) or Union Bank app (Online Banking) via Bills Payment Facility
      2. DragonPay - Online banking (BPI, BDO, Metrobank, RCBC, etc.), Over-the-counter banks (BPI, BDO, Metrobank, RCBC, etc.) and Over-the-counter non-bank channels (Cebuana Lhuillier, Robinsons Dept. Store, SM Dept. Store, etc.) via DragonPay.
      3. Bayad Center - Over-the-counter at any official Bayad Center branch nationwide. Simply fill-out the Bills Payment form, put "Bukas Finance Corp." as biller, enter the student's name and put your Bukas Installment number as your Reference Code. Note that Bayad Center charges an additional P15 for every transaction.
      You may visit the How to Pay page for detailed instructions.
  • How much interest do I have to pay?
    • Currently, our interest rates are fixed at 1.5% per month, and payable in 12 months. A one-time origination (service) fee of 3% is also added to the principal amount. For example, if your principal amount is PHP 30,000 the origination fee is PHP 900.00.
  • How will I receive the amount I asked for?
    • Upon approval of the Tuition Installment Plan, Bukas will remit your tuition fee directly to the school for a hassle free transaction. You will receive a notification upon the completion of the transaction
  • When do I start paying Bukas?
    • 30 days after the agreement date which is also the date that the funds will be paid to the school
  • What happens if I don't pay the plan on time?
    • A late payment fee will be charged equivalent to 5% of the unpaid portion of the scheduled monthly installment.
  • Can I complete my installment plan in less than 1 year?
    • Yes, you can pay your loan ahead of time. If you're able to pay the total principal earlier than the last payment date, you can do so and even avail for recomputation of interest. You can request it via emailing info@bukas.ph
  • I paid my monthly due but haven't received a confirmation yet. How do I check my updated balance?
    • After paying, please wait 1 to 3 business days for your payment to reflect online. To check your updated balance, you can log in your Bukas account and you should see the current balance of your installment plan. If you want to see a monthly breakdown of your payments, click "Payment Schedule".
  • Is there an extension of payment during the Enhanced Community Quarantine Period?
    • To support our students and their families, we will be offering a 30-day grace period which will automatically apply to customers with existing loan plans that have scheduled payments within March 16 - April 15, 2020. Payments due within this ECQ period will be deferred to the next month following the same schedule of payment for succeeding months. For further details click here.