How To Apply for a Bukas Student Loan?

Applying for a Bukas student loan is now easier and faster! Bukas is here to guide applicants through each step. Simply follow the steps below to get started with a Bukas student loan:

Application Steps

(1) Create an account

Visit app.bukas.ph to create an account. Register a mobile number and verify it with an OTP (One-Time Password). Parents can now create an account and manage the loans on behalf of students.

(2) Verify identity

Prepare a valid ID and complete the Liveness Test to verify identity.

(3) Start application

Follow these steps in starting an application:

• Select "College Loan" or "Short Term Course” and enter the school’s name.
• Choose a preferred loan term (installment length) and the amount needed for the student’s tuition.
• This amount should match the one on the school assessment form.

(4) Identify the borrower

Specify whether the one applying is the student or a parent.

• Once selected, this cannot be changed for future multiple loans.
• If a parent nominates themselves as the borrower, the student should be co-borrower.

(5) Provide contact information

Enter the needed information, along with the Co-borrower’s and Additional Contact Person’s details.

(6) Submit the application

After submitting, applicants can expect to receive feedback from the team within 1-2 working days if the application has been PRE-APPROVED.

After Pre-Approval:

• Upload Requirements: Pre-approved borrowers will need to upload the documentary requirements listed here. Please advise the co-borrower that a link will be sent to them for verification. Without their verification, the application will not be able to proceed.
• Final Results: The FINAL RESULTS of a Bukas student loan application will be received within 3-5 business days after submitting all needed documents.
• Revisions: The Assessment team may ask applicants to revise some details (e.g., blurred picture, outdated document). Applications with unresolved revisions will remain on hold. It is highly suggested that required revisions are completed immediately.

After Approval:

• Confirm Agreement: Approved borrowers and their co-borrowers will need to confirm the agreement.
• Disbursement: An SMS will be sent informing that the approved amount has been disbursed to the school.
• Additional Documents: Please keep lines open as the Assessment Team may reach out via call or email. All instructions should be followed carefully to get the final result of the application faster.

For student loans amounting to Php 100,000 and above, the Assessment Team may require additional documents to verify the application. This might include, but is not limited to, a request for an additional reference person. Please note that this may result in a slightly longer processing time.

For Repeat Borrowers

If applying for another student loan while an ongoing plan is still active, there are specific guidelines to follow. Learn more about Multiple Installment Plan here.

Important Notes:

• Short-term loans are currently offered to select schools. To see if it’s available at a specific school, please visit this page.
• To ensure a smooth and successful application process, please make sure all the information and documents submitted are accurate and truthful. Providing complete and honest details is crucial for Bukas to process the loan effectively.
• All student loan offers are conditional. As long as a loan has not yet been disbursed to the school, Bukas reserves the right to withdraw any loan agreement. Please read the Terms and Conditions as well as the Disclosure Statement provided before proceeding with any loan transactions.

If there are any further questions about a Bukas application, please feel free to reach out to the team by filling out this form.