Account verification and important application updates will be sent to your mobile, therefore you must have a working mobile number.
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.)
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.
As the borrower, you will need to prepare your school ID (or any valid ID), one proof of residence, and your school assessment form. Either the borrower or co-borrower, or both, will need to provide a source of income. (list of valid proof of income).
Apply for a Bukas Installment Plan whenever you need it. Create an account, complete your profile and submit your application. Your application will be processed in 3-5 business days.
Bukas can pay up to 80% of your program fees.
After you confirm your Bukas installment plan, your tuition payment will be deposited directly to your school within 1-2 business days. Your first monthly installment will be due 30 days after disbursement. You can pay for your monthly dues online or over-the-counter at partner banks and non-bank payment centers nationwide.
Before getting a plan, find out how much you need first (this is called your plan’s “Principal” amount). Bukas can cover up to 80% of your program fees.
Now that you know what you need, you can now see how much you will have to repay. This will be bigger than what you asked for due to interest rates and the service fee (origination fee) charged to your plan.
Your first monthly installment will be due at least 30 days after the disbursement of your tuition. You can pay for your monthly dues online or over-the-counter at partner banks and non-bank payment centers nationwide.
For the borrower (or applicant), co-borrower, and additional contact person, they should all be a Filipino citizens and are at least 18 years old at the time of the application. For the student should be enrolled as an undergraduate or graduate student at one of our partner schools.
You can pay online or over-the-counter at major banks (BPI, BDO, UnionBank, RCBC, etc.) and non-bank partners (Gcash, 7-Eleven, Cebuana Lhuillier, M Lhuillier, Bayad Center, etc.) nationwide.
It takes 3 to 5 business days to get your application approved. Make sure you provide all necessary information to avoid any delays.