The Bank of the Philippine Islands (BPI) is marking its 171st year with a month-long promo that that will waive up to 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 one of the many ways we are thanking our customers for the trust and support they have given BPI throughout the years,” 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 minimum loan term is five years with a minimum loan amount of P500,000. It can be bundled with Step Up and Zero Cash Out loan programs, and it can be bundled with other exclusive partner offers.