Auto loan customers can get usable incentives in BPI Flex-Rewards promo

Auto loan customers can get usable incentives in BPI Flex-Rewards promo

MANILA: The Bank of the Philippine Islands (BPI) recently launched its Flex-Rewards promo, through which BPI Auto Loan customers can avail of points to use as payment to fees related to their loan or for other BPI products.

KEY TAKEAWAYS

  • What is the duration of the BPI's Flex-Rewards promo?

    The promo runs until May 16, 2022.
  • What can customers get from BPI's Flex-Rewards promo?

    BPI Auto Loan customers are given 10,000 reward points for every P500,000 loan amount, until the reward points reach the 50,000-point limit.
  • Customers' reward points can pay for chattel mortgage fees, insurance premiums, deposit fund credits, AMTC/BIMI placements, amortization payments, and credit card rebates.

    Through the Flex-Rewards promo, BPI Auto Loan customers are given 10,000 reward points for every P500,000 loan amount, which is the minimum amount for the promo. 

    For loan amounts that range from P2.5-million and above, a 50,000 reward point cap applies, BPI clarified. 

    During the virtual launch for the promo, BPI Retail Loans Head Dennis Fronda explained that the promo applies to brand-new vehicles for now, when asked if second-hand car buyers can get the promo. 

    Maxus D60

    He added that with the promo, the bank is eyeing a "20% boost" auto loan applications compared to last year, when asked about the projected turnout of the promo. 

    Application period for the Flex-Rewards promo runs now until  May 16, 2022. Customers can apply for the promo at BPI's website or its branches. 

    Loan applicants must have a minimum down payment of 20% and the loan must be “booked” (the full loan amount released to client or seller) on or before June 16, 2022, BPI said. 

    Aside from BPI Auto Loan, BPI Housing Loan also offers the promo. 

    Photos from Bank of the Philippines Islands (BPI), Maxus Philippines 

    Also read: Maxus vehicles available with zero cash out this Mar.

     

    Dylan Afuang

    Dylan Afuang

    Growing up in the 2000s, Dylan browsed through car magazines before reading proper books, and watched motoring TV shows as often as he did cartoons. So, talking about cars came natural to him. His dream car is the Honda S2000.

    Read Full Bio

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    PIMS 2024

    Trending & Fresh Updates

    You might also be interested in

    • News
    • Featured Stories

    Featured Cars

    • Upcoming

    Latest Car Videos on Zigwheels

    Zigwheels
    Watch Car Videos

    Car Articles From Carmudi

    • journal
    • advice
    • financing
    • insurance

    Compare

    You can add 3 variants maximum*