BPI bundles car loan with insurance for worry-free ownership

Updated Mar 24, 2021 | Same topic: Automotive Industry Updates

This could be your ticket to owning your dream car.

The Bank of the Philippine Islands (BPI) wants to help you get started once again this 2021 after last year’s economic collapse. To do just that, BPI is rolling out the “BPI Auto Loan Multiyear Protect” which provides customers a more convenient and worry-free car ownership experience for the better times ahead.

The “BPI Auto Loan Multiyear Protect” enables its customers to combine the monthly installments for insurance with the loan amortization payments of their chosen vehicle. The said auto loan bundle is one of the many ways BPI is showing its commitment and drive to provide its customers reliable financial solutions.

Man handing over a key

Your dream car is now in reach

BPI has partnered with BPI M/S Insurance Corporation to successfully launch the “BPI Auto Loan Multiyear Protect.” A Guaranteed Asset Protection (GAP) insurance coverage is included which provides up to Php 200,000 additional coverage in case of severe vehicle damage.

With the “BPI Auto Loan Multiyear,” customers can ease their worries for the overall expenses in the event of an accident. In addition, customers are also enabled to divide the insurance cost into lighter monthly payments so BPI can assist them in owning their dream vehicle.

BPI Logo

Interest individuals may visit BPI's official website or visit their nearest BPI branch

“The Multiyear Protect new product prioritizes our customers’ convenience and peace of mind because it was designed to eliminate the financial worries and administrative hassles of a typical car loan client experiences today,” said Dennis Fronda, BPI Retail Loans Group Head.

“We wish to provide customers the confidence to pursue their dreams of owning a car today and give them the premium experience they deserve. On a larger scale, we also hope that this will translate to better consumer confidence that will result in more car sales and help the auto industry bounce back this year,” he added.

Here at Philkotse.com, we value your interest in the automotive industry. Visit our website to find out more.

Rex Sanchez

Rex Sanchez

Author

Rex started off his career in the aviation industry before entering Philkotse as a staff writer. Two things excite him the most: first is staying up to speed with the latest news in the industry that uses engines as their heart and soul. The second is imparting them in a well-detailed manner. His passion for anything with wheels started when he was young – from Tamiyas to family-friendly sedans, and anything in between.

Someday, Rex only wishes to drive on random highways with friends in a third-gen Mitsubishi Delica with aftermarket sunroofs, if he couldn’t get the Starwagon Super Exceed edition.

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