BPI aims for 20% more reservations in car and housing loans

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Realizing the demand for physical connection with its customers, Bank of the Philippines Islands (BPI) is holding its first in-branch face-to-face activity with its Best Deals Fest, where customers can avail exclusive and affordable finance products for their dream. car and house.

Through this 5-day event, which will run from June 20-24 this year, BPI aims to generate 20% more auto and home loan bookings.

In 2021, BPI’s auto loan portfolio saw strong growth in terms of reservations at 37% compared to the previous year. The housing loan portfolio, for its part, generated a 10% increase in 2021 compared to the previous year.

BPI will leverage its branches for this Best Deals Fest as it expands its retail lending portfolio.

This is while the bank continues to see an upward trend in loan utilization, which is driven by the improving COVID-19 situation in the country.

“Consumer confidence is back. Car and home purchases are back in demand as Filipinos forge ahead and continue to pursue their aspirations. And the Best Deals Fest is a perfect opportunity for aspiring car and home owners to secure their dream home and car, as BPI and our partners have exclusive deals just for them,” said Dennis T. Fronda, Head of Retail Lending Group, BPI.

With the Exclusive Partner Deals promotion, which will only be available during Best Deals Fest, customers can enjoy deep cash back, low interest rates and waiver of vehicle and vehicle fees. property of their dreams from the various car brands and participating property developers via BPI. Car or housing loan.

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