- The BPI Family Auto Loan All Out Promo is open to all new and existing BPI Family Auto Loan borrowers nationwide who will apply for an auto loan from June 1, 2018 to October 31, 2018 and whose loan application will be approved and booked on or before December 31, 2018.
- Coverage : Nationwide
- Promo Duration: June 1 to October 31, 2018
A. P10,000.00 Car Down Payment Discount;
B. Free Chattel Mortgage Fee;
C. No Processing Fee; and
D. Free Comprehensive Car Insurance for the First Year by BPI MS Insurance Corporation
Who are qualified to apply?
A borrower with a loan application which meets the criteria below shall be eligible to avail of the promo:
A. Loan amount should be within the range of P500,000.00 to P5,000,000.00.
B. Loan term should be 5 years.
C. Minimum down payment should be at least 20% of vehicle’s net selling price
D. Vehicle should be brand new.
E. Vehicle should be sourced from accredited car dealership of BPI Family Savings Bank.
F. Vehicle should be for private use only. Vehicles used for mass transport, service or delivery of goods
such as but not limited to: TNVS, school bus, taxi, utility vehicles, light trucks and the like are not eligible for the promo.
Until the payment in full of the auto loan and all other amounts due under the loan, eligible borrower/s agree and undertake to comply with the following conditions:
A. Client should be able to pay the first monthly amortization on time.
B. Client should not have delayed monthly amortization payments for more than 3 successive months.
C. Client should not pre-terminate / pre-pay the loan.
D. Client should not convert subject vehicle to a public utility, service, or delivery vehicle.
E. In the event that client fails to comply with any of the conditions above, the client shall be charged P10,000.00 representing the car down payment discount applied earlier to his purchase price.
F. The promo cannot be availed in conjunction with other BPI Family Auto Loan promotions and /or offers.
G. Offer is not convertible to cash.
H. After the free first year comprehensive car insurance, the comprehensive car insurance of the vehicle shall be automatically renewed and exclusively maintained with BPI MS Insurance Corporation for the duration of the loan term.
I. Eligible borrowers who do not have a BPI or BPI Family Savings Bank account shall be required to open a savings account with either BPI or BPI Family Savings Bank before loan release to facilitate loan repayment via automatic debit arrangement (ADA).
J. Standard auto loan terms and conditions apply.
K. In case of dispute, BPI Family Savings Bank’s decision, in concurrence with DTI, regarding this promo will be deemed final and non-negotiable.