What are the requirements to apply for a Bukas installment plan at Eskwelabs?

• You, your co-borrower, and additional contact person must be Filipino citizens residing in the Philippines
• You, your co-borrower, and additional contact person must be at least 18 years old
• The student must be enrolled at Eskwelabs

Before you get started, make sure you’ve prepared all the necessary requirements.

Do you have a valid and active mobile number?

Account verification and important application updates will be sent to your mobile, therefore you must have a working mobile number.

Do you have a co-borrower?

A co-borrower is an additional borrower who can be a spouse, parent, sibling, or any family member, or even a friend, who will be equally liable for the loan. Both the borrower and co-borrower need to sign the contract, are equally responsible to pay the loan, and both will receive collection reminders.

Having a co-borrower puts someone in a better position to manage a loan. Once your loan agreement is activated, the borrower will need to keep both individuals' information updated. (e.g. when updating mobile number, address, etc.)

The co-borrower needs to prepare any valid ID, one proof of residence, one proof of billing, and/or proof of source of income.

Do you have an additional contact person?

Your Additional Contact Person will serve as your emergency contact. They must be a resident of the Philippines and at least 18 years old. They will need to provide their contact details, such as their mobile number and email address.

Do you have the required documents?

As the borrower, you will need to prepare your school ID (or any valid ID), one proof of residence, and your contract with Eskwelabs.

Either the borrower or co-borrower, or both, will need to provide a source of income. (list of valid proof of income).