Students enrolled in Culinary Arts, Baking and Pastry, Food and Beverage and Housekeeping from MIHCA Manila, MIHCA Mandaluyong or MIHCA Cebu can now apply for 12-month installment plans.
You will need your proof of address, student ID (or a valid government ID), your MIHCA registration form and proof of downpayment.
Either the borrower or co-borrower, or both, will need to provide a source of income. (list of valid proof of income).
Overseas Filipino Workers cannot be considered a co-borrower. Kindly nominate another relative/friend who would sign the agreement as your co-borrower.
If you or your co-borrower receives funds from an OFW, we recommend that you nominate the receiver of the remittance as the income earner, then input the OFW's income information.
For example, if your father is an OFW and the recipient of his remittances is your mother, you can indicate that your co-borrower (mother) is the income earner and then put your father's income information.:
Register on our website using an active mobile number. Account verification, interviews and announcements will be made using this number so be sure it is your personal and working mobile number.
Prepare your documents and submit your application.
Revise your information if needed.
Wait for feedback from our team.
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.
First-time borrowers can apply for partial or full tuition coverage for a specific term. Pay for your monthly dues on time to qualify for additional tuition coverage every term until you graduate.
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). Do you need coverage for your full tuition? Or do you only need partial coverage? Sometimes it’s better to ask for partial coverage to minimize your monthly payments at the start. You can always add more coverage when you need it.
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.
Prepare the documents needed such as your proof of residence, valid ID, MIHCA proof of downpayment, registration form, and proof of income.
Complete the online registration and application on our website.
Check your application from time to time and revise your information if needed.
Wait for our feedback after all steps have been followed.
It takes around 3 business days after all documents have been submitted successfully and verification interviews are completed. Make sure you provide all necessary information to avoid any delays.
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.