The Bank of the Philippine Islands is strengthening its loan offerings as it marks its 171st year with a month-long promo that that will waive up to P 171,000 in loan fees for both auto and housing loans, as well as insurance from its non-life insurance arm, BPI MS Insurance Corp.
“This offering proves our thrust of being customer obsessed. As we mark our 171st anniversary in the business, this is one of the many ways we are thanking our customers for the trust and support they have given BPI throughout the years. This also marks our first year since BPI and BPI Family Savings Bank merged as One BPI,” said BPI Retail Loans Group head Dennis Fronda.
Available to new and existing BPI depositors, the loan promo will allow clients to have an initial cash-out equal to only the down payment. It offers free Chattel Mortgage fee and first year motor insurance for auto loans, and waived loan fees and free first year fire insurance for housing loans. The auto loan can be availed by individual applicants via branches, dealers, and online. It is applicable for brand new units of passenger cars and should be for personal or private use only.
The promo covers applications that are received from August 1 to 31, 2022 and booked on or before September 30, 2022. The minimum loan term is five years with a minimum loan amount of P 500,000. It can be bundled with