ZERO Down Payment Financing Program
1. The required Down Payment (DP) –
No actual Down Payment will be paid by the Customers.
Approved customers will be asked to execute a Hold-Out Agreement from either BPI or BPI Family Savings Bank Account to fulfill the approved Down payment requirement.
Existing BPI Depositors and Non-bank depositors are entitled to this promo.
Acceptable type of account is limited to Individual Account; Corporate accounts are not included.
2. Zero DP Promo Offer –
Customers shall be entitled to Free 1st Month Amortization, Chattel Mortgage Fee and First Year Comprehensive Insurance with Acts of Nature (AON).
3. Release of Hold-Out Deposit. –
Clients availing the Zero DP Promo will also enjoy the benefit of earning interest on their assigned account on Hold.
If they wish to terminate or withdraw their deposit on hold, they may do so after the 24th monthly payment and their Auto loan account is updated and not in past due status.
4. Rates –
Customer availing the promo shall be entitled to special rate to be provided in partnership with BPI Family Savings Bank. The Financing scheme shall feature Add On Rate of 49.88% for sixty (60) months.
5. Models –
Available for All Models
6. Promo Validity –
Up to June 30, 2021 Only