BPI announces new all-in home loan solution

BPI has just announced a new all-in financing housing loan payment solution that aims to make home ownership more achievable for Filipinos. Housing loan clients now have an option to include upfront fees and charges into the loan amortizations.

“With all-in financing, it will be easier for housing loan clients to finally have their own homes,” said Dennis Fronda, BPI Head of Retail Loans. “Clients have less to worry about because the fees and charges, which is about 3% of the total loan amount, is folded into the monthly amortizations and spread throughout the loan term.”

BPI All-In Financing will give housing loan clients a new level of financial comfort. Considering the average housing loan amount of PHP 3.5USD 0.06INR 5EUR 0.06CNY 0.43 million, it will spare homeowners having to cash out an average of PHP 105,000USD 1,789INR 151,683EUR 1,704CNY 13,031 upfront.

Loan amortizations will be automatically paid through the client’s auto-debit arrangement (ADA) account with BPI for a safe and hassle-free experience.

BPI’s All-In Financing for housing loans is now available in all BPI and BPI Family Savings Bank branches nationwide.