What's New in the MIP Application Process?

Need help in applying for a new installment plan? We got you covered!

Here's a guide on the application changes for Multiple Installment Plans (MIP):

I. Getting Started:

1. Once you are eligible, you should be able to click the "University or College" OR "Short Course or Bootcamp" button when you log in to your Bukas account.
   
2. Choose whether or not you are applying for yourself or for someone else. Make sure to enter your details accordingly, since we cannot change account owners in between installment plans.

This means that student-owned accounts cannot become parent-owned accounts in succeeding loans.

II. Individuals Involved:

III. Selecting a Source of Income:

Receiving funds from an OFW?

If you or any family member receives funds from an OFW, it would be best to nominate the receiver of the remittance as the primary income earner then input the OFW's or the remitter’s income information.

Because your Co-Borrower's signing link will be sent to their Bukas registered mobile number, we strictly do not allow applicants to nominate overseas workers as their co-borrower. Instead, you can nominate the recipient of their remittance as your co-borrower. If you (the borrower) are the recipient of their remittances, you can nominate your spouse, parent, sibling, or any family member, or even a friend.

Learn more about co-borrower and receiving funds from an OFW here .

IV. Required Documents for a:

Learn more about the valid documents here .

All loan offers are conditional. As long as a loan has not yet been disbursed to the school, Bukas Finance Corp. reserves the right to withdraw any loan agreement.