What is the process to apply for a Bukas tuition installment plan at Magsaysay Center for Hospitality and Culinary Arts?

• 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 Magsaysay Center for Hospitality and Culinary Arts

Before you get started, make sure you’re familiar with the process and have all the necessary requirements.

What are the eligibility requirements?

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).

How can I use OFW remittances as income source?

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.:

• Source of Income / Listed Income Earner: The nominated income earner should be the individual whose name is listed as the recipient on the remittance slip.
• Type of income: please select remittance
• Business name: Company name where the OFW parent / relative works.
• Industry, Address, and start date: Details of the OFW parent / relative
• Monthly Income: Monthly remittance received.
• Proof of Income: Proof of remittance. The receiver's name on the remittance slip should be the borrower or co-borrower.

How do I apply?

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.

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 (even school 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 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).