BPI offers discounted loan rates on 174th anniversary

Bank of the Philippine Islands (BPI) is celebrating its 174th anniversary with limited-time offers on its core loan products to make borrowing more accessible for clients.

“In our 174th year, we’re not just looking back at our legacy—we’re focused on how we continue to help Filipinos move forward,” Dexter Cuajotor, head of retail loans and bancassurance at BPI, said.

Clients who apply for an auto loan, housing loan or motorcycle loan can get discounted rates, waived bank fees and free insurance packages.

Auto loan clients can get waived bank fees and first-year motor insurance up to P50,000, along with discounted rates and free personal accident insurance for their first year.

Housing loan clients can get a fixed 6.5-percent rate for five years, waived bank fees up to P8,000 for every P1 million of the loan, and free first-year fire insurance.

Motorcycle loan clients can get a monthly rebate of up to P700 and free personal accident insurance during their first year as borrowers.

BPI also launched its “Dream on Us Grand Raffle Promo,” where retail loan clients can win prizes ranging from P100,000 to P3 million to pay off their loan balances.

The bank said clients who apply for a loan online can get e-gift certificates worth P8,000 for both auto and housing loans, while motorcycle loan clients can receive 800 pesos in e-gift certificates.

Clients may also access special discounts of up to P60,000 for auto loans, a 32-percent discount for housing loans, and a P2,000 discount for motorcycle loans through BPI myExclusives.

The offers are available through BPI’s network of automotive, real estate, and motorcycle partners, which include Ford, MG, BAIC, Aboitiz Land, Ayala Land Inc., DMCI Homes, Kawasaki and Suzuki, among others.

“Whether it’s a first car, a dream home, or simply greater independence, we’re here to make it happen,” Cuajotor said.