BPI Family Savings Bank (BFSB) is helping more families reach the car and home of their dreams. The company recently announced that they will be waiving fees and offering low rates for their auto an home loans in their latest promo.
To be specific, housing loan clients may save up to Php 60,000 in waived fees. Meanwhile, auto loan clients will get a free one year comprehensive car insurance, free chattel mortgage fees, and a Php 10,000 discount on a vehicle's down payment. This is on top of the low interest rates being offered by BFSB on loans for both housing and automobiles.
“We would like to address the need for financing to help make car andhome ownership more affordable for Filipino families. With these offers we are able to lighten the financial burden of car and home ownership through our limited offer,” said Qit Abola, Head of BPI Family Savings Bank Retail Lending Group.
Given that the Philippine economy is expected to grow by 6-7%, it is likely that demand for vehicles will also increase. Furthermore, there is also currently a huge demand for housing units which according to government estimates will lead to a housing deficit of 7.67 million by 2022.
“We know that there is a growing demand for cars and homes. With the help of BPI Family Savings Bank our clients get to manage their cash flow and budgets over a long period of time. And now with our limiteed tie offer promos, they also enjoy additional savings in the form of low rates, waived fees and free insurance,” Abola added.
The BPI Family Auto Loan All out promo is available to all new and existing clients nationwide who will apply for an auto loan from June 1 to October 31, 2018. The loan amount should be within the range of Php 500,000 to Php 5,000,000 with a 5 year term and be approved and booked by December 31, 2018.
The Housing Loan All Out Promo is available for the same period but requires a minimum loan of amount of Php 400,000 with a minimum loan term of 10 years.