Multiple Tuition Installment Plans

Borrowers with existing Bukas Installment Plans may apply again and maintain Multiple Installment Plans (MIP) with Bukas for additional tuition coverage. You may use your additional plan to settle your current semester or incoming semester tuition fees.

Eligibility Requirements

You need to have at least a good rating or higher than that on your eligibility meter. But what if fair pa lamang ang eligibility meter mo? Here's what you can do:

1. 60 days should have passed from the activation date of your most recent installment plan.
2. Practice good payment behavior (not just in Bukas!) especially in your monthly repayments.
3. Being easily contactable and responsive to our calls, emails, questionnaires, and other communications can also help! Kaya siguraduhing updated ang contact information mo sa amin such as your mobile number and email address. Send ka lang ng email sa[email protected] should you need to update.
   
   

How to Re-apply

1. The "Apply to a University or College" or "Apply to a Short Course or Bootcamp" button is available on your Bukas account only if the borrower is eligible to apply again. If you do not see this button, check if you meet the requirements above.
   
   When you reapply, you will be asked to select your identity. Note that we cannot change account owners in between installment plans. This means that student-owned accounts cannot become parent-owned accounts in succeeding loans. Make sure to enter your details accordingly.
   
2. You, as the borrower, will repeat the same application submission steps. Hence, you will be asked to provide application details such as a co-borrower and updated documents (school assessment form, proof of residence, and proof of income).
   
3. All applications will undergo a thorough review and will still be subject for approval. It will take 3-5 business days, excluding weekends and holidays, before you receive the final result.
   

How to maintain Multiple Installment Plans

Having more than one installment plan also means following more than one monthly dues. Here are some tips on how to maintain Multiple Tuition Installment Plans.

Tip #1: Use the payment dashboard on your Bukas account to keep track of your Multiple Installment Plans and their respective due dates. This table is updated every time you pay, so you can take note of which months need to be settled for each installment plan. Your payment table updates only 1-3 business days after making a deposit.

Tip #2: When settling the monthly dues for your installment plans, it is important to indicate the reference code or installment number for the specific plan you are paying for. You will need to make separate transactions or deposits per installment plan to ensure your payment is recorded for that specific plan’s payment dashboard.

Tip #3: While we cannot change the repayment date for any installment plan after its approval, you may opt to pay your Multiple Installment Plans’ dues all in the same day to avoid the hassle of handling multiple transactions on different days of the month. Take note of tip #2 and the schedule of your payment due so that none of your installment plans are past their due date.

Example: If plan #1 is due on June 15 and plan #2 is due on June 26, you may pay every 13th of the month for both your installment plans. That way, neither of them is due and you settle both accounts in 1 day.