Auto Loan All-Out Promo
Enjoy special low rate and save up to P35K on Chattel Mortgage Fee when you apply
for a BPI Family Auto Loan!
1. BPI Family Auto Loan applications received from November 2, 2021 – December 31, 2021 may avail of the Promo offer below:
A. Free Chattel Mortgage Fee
B. Lower applicable interest rate versus the published rate
2. Client must meet the following conditions to qualify for the Promo:
A. Loan amount should be within the range of Php500,000 to Php5,000,000.
B. Must have a minimum loan term of 5 years.
C. Minimum down payment should be at least 15% of the motor vehicle’s net selling price.
D. Passenger motor vehicle must be brand new.
E. Passenger motor vehicle must be for private use only. Motor vehicles used for mass transport, carrying or service delivery of persons or goods, such as, but not limited to, TNVS, school bus, taxi, utility vehicles, big bikes and trucks (light, medium and heavy) are not eligible for the Promo.
F. Loan must be availed on or before January 31, 2022.
3. If client pre-terminates or pre-pays the loan, in whole or in part, within 5 years after loan release, he/she shall be charged with the full amount of the waived Chattel Mortgage Fee.
4. Promo offer is not convertible to cash.
5. 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).
6. The other standard terms and conditions for BPI Family Savings Bank Auto Loans apply. In case of dispute, the decision of BPI Family Saving Bank, in concurrence with DTI, regarding this Promo will be deemed final and non-negotiable. BPI Family Savings Bank shall ensure that the Promo offers are given to qualified clients based on the Promo mechanics. These Terms and Conditions of the “All-Out 2021” shall form an integral part of the Promissory Note with Chattel Mortgage and Credit Advice which the client will execute with BPI Family Savings Bank.
Per DTI Fair Trade Permit No. FTEB-130333 Series of 2021.