PROTECT yourself from huge upfront cash-out
Pay lower upfront cost as you own your dream car, with zero cash-out required to cover your car's insurance premium.
PROTECT yourself from annual balloon payments
Need your cash flow to be more flexible? With a Multiyear Protect, you can stretch the cost of insurance by paying the premium in affordable monthly payments together with your loan amortization, instead of paying an annual balloon cost. This allows you to have better cash flow because you can convert a lump sum expense into smaller and more manageable payments.
PROTECT yourself from manual hassles on insurance renewal
Are you ready to say goodbye to the repetitive paperwork hassles spent on car insurance?
Absolutely - because Multiyear Protect provides full insurance coverage throughout the life of the loan. PROTECT yourself from the tedious and manual process of renewing your insurance, or from unintentionally missing your insurance payment due every year. Multiyear Protect will take care of all these work so you can use your time in things you love doing.
PROTECT yourself from financial expenses from road mishaps
As you get behind the steering wheel, put your mind at ease because your brand new car is protected 24/7 from huge car repair expenses resulting from road mishaps.
BONUS FEATURE: In partnership with BPI/MS Insurance Corporation, you can exclusively get this bonus feature, the Guaranteed Asset Protection (GAP) insurance coverage, with your Multiyear Protect. GAP provides up to P200,000 additional coverage, in case the vehicle suffers from total loss. Should this happen and your insurance claim is lower than the outstanding balance of your loan, Multiyear Protect will cover the difference of up to P200,000. Compare this with a regular insurance policy where you have to cash-out that amount.
Now you can drive worry-free throughout your entire loan journey!
To learn more about BPI/MS’ exclusive GAP and Multiyear Protect insurance features, click here.
Instead of having to cash out on your car insurance and paying the premium in annual lump sum payments, Multiyear Protect allows you to stretch the cost of the motor insurance by paying the premiums in affordable monthly payments together with your loan amortization:
Monthly Amortization = Auto Loan + Insurance Premium
Below is a sample of how your monthly amortization will be for a Standard Auto Loan versus a Multiyear Protect:
Car SRP: P1,250,000
Down Payment: 20%
Loan Term: 60 months
Multiyear Protect gives you better cash flow flexibility as you no longer have to pay your insurance premium in annual lump sum payments.
The best part? You don't have to worry about having to do the manual work of renewing your insurance premium every year or missing on any insurance payments because Multiyear Protect will take care of that for you throughout your loan term.
The Auto Loan Mutliyear Protect welcomes:
Compare our loan solutions and get the best product for your need.
Submit your BPI Family Auto Loan Multiyear Protect application here or in any BPI/BPI Family Savings Bank branch nearest you.
How to apply for Multiyear Protect through the Branch
How to apply for Multiyear Protect online