BPI has just introduced a new all-in financing housing loan payment option designed to make home ownership more accessible to Filipinos. Clients with mortgages can now incorporate upfront fees and charges in loan amortizations.
“With all-in financing, housing loan clients will be able to ultimately buy their own homes,” stated Dennis Fronda, BPI Head of Retail Loans. “Clients have less to worry about because the fees and charges, which amount to around 3% of the entire loan amount, are rolled into monthly amortizations and spread out throughout the loan duration.”
BPI All-In Financing will provide consumers with a new degree of financial security. Given the average housing loan amount of PHP 3.5 million, it will save homeowners an average of PHP 105,000 in upfront payment.
Loan amortizations will be paid automatically through the client’s BPI auto-debit arrangement (ADA) account for a safe and hassle-free experience.
BPI’s All-In Financing for home loans is now accessible in all BPI and BPI Family Savings Bank locations around the country.