EMPLOYEE ORIENTATION

APRIL 06, 2022 | 2:00 PM – 3:00 PM

SPEAKER:
JOEY GONZAGA
BPI SALARY LOAN EMPLOYEE PROGRAM
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 Please accomplish our
REGISTRATION & SURVEY FORM

https://tinyurl.com/BPISLEPO

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BPI Salary Loan Employee Program
Preferred low interest salary loan program for employees of Converge Group (Converge
ICT Solutions, Inc., Metroworks ICT Construction, Inc., Comclark Network & Technology
Corp.) under Salary Loan Employee Program with flexible payment terms via automatic
debit arrangement. Some of the most common needs where the loan is used are as
follows:

__________________________________________
Hospitalization Education House Equity Debt Emergency
renovation/repairs Consolidation

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 BPI Salary Loan
Employee Program

LOANABLE AMOUNT PHP 10,000 – PHP 1,000,000

TENOR 12, 18, 24, 30, 36 months

MONTHLY ADD-ON RATE .75%

PROCESSING FEE (deducted from loan proceeds) PHP 500
DST – Php 1.50 for every Php200
OTHER FEES (deducted from loan proceeds) Loan amount > Php 250k for business purpose

Accomplished application form endorsed by HR

REQUIRED DOCUMENTS Three (3) months pay slips OR Latest ITR OR COE
Company ID with signature, Gov’t issued ID

COMMON BOOKING DATE / DUE DATE Every 15TH of the month

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 BPI Salary Loan Regular Personal Loan
Employee Program Application
 Filipino citizen & at least 21 years  Filipino citizen & at least 21 years
old but not more than 60 years old Age & Citizenship
Requirement old but not more than 60 years old
upon loan maturity upon loan maturity
Minimum Income
 Php10,000 Requirement Php20,000

 Regular employee of at least 1 year Tenure Requirement  Regular employee of at least 2 years

 Php500 Processing Fee  Php1,500

 Up to 3x Gross Monthly Loanable Amount  Up to 3x Gross Monthly

Income Income

 .75% Monthly Add On Rate Interest Rate  1.20 % Monthly Add On Rate

 Dedicated SL Team Customer Support  889-10000

 ADA Due Date Coincides with Payment  Auto Debit Arrangement

Payroll Schedule

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100,000 12
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Monthly Amortization
Loan P10K Loan Term Loan Monthly
P10K
Amount to 12 18 24 Amount Add-On Rate
to
P1M 30 36 P1M .75%

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Contractual Interest Rate
An annualized interest rate that uses the diminishing principal loan balance when computing for your
interest payments.

This implies that your interest payment is computed only for the unpaid loan amount.

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Contractual Interest Rate
Sample Amortization Schedule:

DECREASING

DECREASING
INCREASING

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 Application Process Flow

__________________________________________________________________________________________________________________________________
Employee fills out and signs Employee scans the application form Employee submits to HR for HR sends the email SMS Advisory for Promissory Note
the application form. and required documents and sends to signing of authorized endorsement from Approved, signing at your
A. Get the app form from HR plemployeeprogram@bpi.com.ph signatories. HR collates the authorized signatories Disapproved & nearest BPI Branch
B. Download the app form via cc: HR and jagonzaga@bpi.com.ph documents. for loan processing. Deferred Loan
bit.ly/PLEmployeeProgram BPI to process loan app Application
Conduct Credit Checking
5- 7 banking days

Email subject to be used:

BPI PERSONAL LOAN APPLICATION_CONVERGE_191000_<Employee's Full Name>
BPI PERSONAL LOAN APPLICATION_METROWORKS_193000_<Employee's Full Name>
BPI PERSONAL LOAN APPLICATION_COMCLARK_194000_<Employee's Full Name>

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One-Time Interest Differential
I need the loan proceeds earlier. How do I arrange for this?
There will be a one-time interest differential which shall be included in your first monthly
installment. If you are okay with this arrangement, you will be required to sign an
amendment form aside from the Promissory Note and Amortization Schedule.

How much is the one-time interest differential?

Daily interest
x
Number of days between advanced booking date and common booking date

Ex. Loan will be booked on April 6, 2022

Daily interest x 10 days (April 6 to April 15)

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FAQs
How much is the one-time interest differential?
Ex. Loan will be booked on Apr 6, 2022

Daily interest x 10 days (Apr 6 to Apr 15)

If Loan Amount is Php100,000

= Php 45 * 10
= Php 450

1st due date (May 15): Monthly Amortization + one-time int. diff.
= Php 9,083 + Php 450
= Php 9,533

2nd due date onwards (June 15): Php 9,083

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FAQs
What happens if I miss a payment or my BPI Payroll account is not sufficiently
funded on my due date?
Any delays in payment will incur a late payment charge of 5% of due amount.
Example:
Due Date: May 15, 2022
Due Amount: Php 9,083.33
Actual Payment Date: May 30, 2022
Late payment charge: Php 9,083.33 * 5% or Php 454.17
*Total Amount Due: Php 9,083.33 + 454.17 or Php 9,537.50

*Contact BPI Collections to get the computation of your past due amount and fund your
BPI payroll account.

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Factors That Determine Loan Approval

Credit History Outstanding Debt

Cancelled Credit Cards, The bank would take into
Past Due Loans are part account an individual’s
of the Credit Checking outstanding debt to measure
made by the bank when an individual’s ability to
granting loans manage monthly payments.
Payment History Proof of Income
Payment history includes 3 months pay slip, ITR,
credit cards, mortgages & other sources of income
car payments (Loanable amount: up to
3x GMI)

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 Factors That Determine Loan Approval
Loan Amount & Term: Php 100,000 for 12 months
Remaining Money: Php 5,000
Monthly Debt/Expenses Gross Monthly Income

-Php 10,000 -Php 10,000

-Php 5,000 -Php 5,000 Php 35,000

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 FAQs
How do I follow up on the status of my application?
An SMS notification will be sent to your declared mobile number to update you on the status of your
application.

How do I pay for my monthly amortization?

Monthly installment is automatically deducted from your BPI Payroll Account.

Are there other fees and charges?

Documentary Stamps Tax (DST) is Php 1.50 for every Php 200 for loans more than Php 250,000 or if
loan purpose is for business use.

How much will be credited to my account once booked?

Your loan proceeds will be net of your loan processing fee and DST (if applicable).

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 FAQs
What happens if I resign from the company?
Upon notice from your HR representative, BPI will request to deduct from your
final pay the outstanding balance of your loan.

What if my final pay is not enough to cover for the outstanding balance?
You have the option to pay the remaining balance over the counter or apply for a
regular Personal Loan subject to credit approval.

Can I re-avail of a loan?

Yes, upon payment of your existing Personal Loan.

21 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. FOR INTERNAL USE ONLY.
THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. FOR INTERNAL USE ONLY.
THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. FOR INTERNAL USE ONLY.
 Please accomplish our
REGISTRATION & SURVEY FORM

https://tinyurl.com/BPISLEPO

THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. FOR INTERNAL USE ONLY.
Converge Group HR POCS
Regardless of Affiliate, based on locations:

For those based in NCR, CALABARZON, VisMin

Mark Laurence S. Maturan mlsmaturan@convergeict.com

For those based in Central Luzon, North Luzon, Bicol Regiaon

Rizalyn M. Maglaqui rlmungcal@convergeict.com

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BPI Contact Persons
Application Concerns
Josefino A. Gonzaga jagonzaga@bpi.com.ph 8580 0608 / 0917 123 5984
Charissa G. Inumerable mcvginumerable@bpi.com.ph 8580 0606

Online Registration
bit.ly/PLEmployeeProgram

24/7 BPI Contact Center

889-10000

Collections Concerns
Grace Portillano mgbportillano@bpi.com.ph 8580 3670
Mark Padolina jmppadolina@bpi.com.ph 8580 0653

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