BPI to spur auto loan bookings in latest promotion

The Bank of Philippines (BPI) is aiming to hit more bookings in auto loans — as well as housing loans — in its “Best Deals Fest” wherein customers are offered with exclusive and affordable financing products when availing their preferred vehicle or home.

The financial institution said that for the promotion scheduled on June 20-24, it is targeting to have a 20-percent increase in bookings in auto and housing loans. 

In 2021, BPI’s Auto Loan portfolio enjoyed a 37-percent growth in bookings compared to 2020, while the Housing Loan had a 10-percent rise for the same period.

As the company sees an upward trend on the volume of customers availing loans, following the improving situation in the country, BPI said that its branches will be utilized as leverage for the Best Deals Fest “as it expands its retail loan portfolio."

“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,” BPI Retail Lending Group Head Dennis Fronda said.

Offered during the five-day period is the Exclusive Partner Offers promo wherein clients can avail 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.

Further, clients may also take advantage of the BPI Flex-Rewards promo where they can get as much as P50,000 worth of flex rewards for every P500,000 and P1 million worth of auto and housing loans, respectively.

Moreover, the company is also providing special deals under BPI Credit Cards and BPI MS.

Relatedly, BPI partner-merchants namely AC Motors, Ford, and Ayala Land, Inc. will also have unit displays to help clients choose the suitable product for their needs.

Fronda said that the Best Deals Fest will be offered in all BPI branches nationwide.

“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,” he added.

Photos from Ruben D. Manahan IV

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