The Bank of the Philippine Islands (BPI) sees a 20 percent increase in auto and home loans this year on improved economic prospects.
BPI yesterday launched the BPI Flex-Rewards promo which offers up to P50,000 worth of flexible rewards to clients availing of a BPI Auto Loan or Housing Loan.
Dennis Fronda, BPI Retail Loans Group head, said while the promo runs only up to May 16, the promo will help boost the bank’s auto and home loan performance this year.
“BPI aims to be at the forefront of economic recovery in the country by introducing financial products and services that help Filipinos fulfill their dreams. For this promo, we want to provide them with a more meaningful and rewarding way of owning their dream car or home today, in the most convenient and reliable way. We also aim to provide them opportunities to gain rewards which they can flexibly use across a wide range of product selections offered by the Bank,” Fronda added.
For BPI Auto Loan, there is a Flex-Rewards worth P10,000 for every P500,000 booked loan amount while the Housing Loan has a Flex-Rewards worth P10,000 for every P1 million booked loan amount.
The booking period this year for the Auto Loan is until June 16, while the Housing Loan booking period is until July 16.
To capitalize on the merger between BPI and BPI Family Savings Bank, these rewards can be exclusively availed through BPI products and/or loan-related fees.
Clients may use the rewards through Mortgage or Processing Fees, BPI MS and BPI AIA Insurance Premium, BPI Deposit Fund Credits, BPI AMTC or BIMI Placements, Loan Amortization Payment, and Payment for BPI Credit Card Bills.
