| Host school | Colegio de San Juan de Letran | |||||||||||||||
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| Duration | October 1–9, 1987 | |||||||||||||||
| Arena(s) | Rizal Memorial Coliseum | |||||||||||||||
| Winning coach | Eddie Reyes | |||||||||||||||
| Juniors' tournament | ||||||||||||||||
| Champions |  San Beda Red Cubs | |||||||||||||||
| Winning coach | Ato Badolato | |||||||||||||||
The 1987 NCAA basketball tournament was the 63rd season in the Philippine National Collegiate Athletic Association (NCAA). The Letran Knights successfully defended their championship in the Seniors division, while the San Beda Red Cubs clinched their first Juniors championship, returning from a leave of absence.