Frequently Asked Questions

Based on the loan application's date, there are 2 BPI scenarios:

1: Loan availed ON or BEFORE the 5th of a month
2: Loan availed AFTER the 5th of a month

Note: 

Our partner bank has a standardised EMI collection date.
It falls on the 5th of every month.
If your loan gets processed ON or BEFORE the 5th of a month:
EMI date: 5th of the following month.
Example:
Loan processed on 4th Nov, 2023
EMI date: 5th Dec, 2023

However, if your loan gets processed AFTER the 5th of a month:
EMI date: 5th of the month succeeding the next month (i.e. 2 months later).
Example:
Loan processed on 6th Nov, 2023
EMI date: 5th Jan, 2024