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June 24, 2024

BPI dangles best deals for auto, housing loans

Bank of the Philippine Islands (BPI) headed by bankero TG Limcaoco is holding its Best Deals Fest offering exclusive and affordable financial products for the dream card and home of its clients.

The Ayala-led bank is targeting to deliver 20 percent more bookings in auto and housing loans during the five-day face-to-face event from June 20 to 24.

BPI Retail Lending Group Head Dennis Fronda said that consumer confidence is back.

“Car and home purchases are back in demand as Filipinos move forward and continue to pursue their aspirations. And the Best Deals Fest is a perfect opportunity for aspiring car and homeowners to get their dream home and car, as BPI and our partners have exclusive offers for them,” the bankero said.

Last year, BPI’s auto loan portfolio zoomed by 37 percent, while its housing loan book grew by 10 percent.

BPI will leverage its branches for this Best Deals Fest as it expands its retail loan portfolio. This is as the bank continues to see an upward trend in loan availment, which is driven by the improving COVID-19 situation in the country.

Through the Exclusive Partner Offers promo—which will only be available during the Best Deals Fest—clients can avail of big cash discounts, low interest rates, and waived fees on their dream vehicle and property from different participating car brands and real estate developers through BPI Auto or Housing Loans.

Clients also have an option to avail of the BPI Flex-Rewards promo where they can snag up to P50,000 worth of flex rewards for every P500,000 and P1 million worth of auto and housing loans, respectively.

BPI’s partner merchants, AC Motors, Ford and Ayala Land Inc., will also be mounting unit displays to help clients assess and choose the most suitable product for their needs.

“This activity will show the relevance of a brick-and-mortar branch as a one-stop shop for their financial needs. In this case, their home and auto loans. While there is convenience in using digital platforms for usual financial transactions, big purchases like a house or a car will be made more convenient for the clients if assisted in a branch,” Fronda said.