BPI Family Savings Bank, the country’s largest thrift bank, aims to jack up its new home loan bookings this year to P60 billion, aided by the rollout of the first-of-its-kind housing loan program that can credit up to P100,000 in cash to the borrower’s savings account.
Based on BPI Family’s new housing loan and property equity loan offer, which will be available for a limited period until May 31 this year, a client will be given P10,000 in cash credited to his or her BPI Family bank account for every P1 million in approved housing loan amount with a tenor of at least 10 years.
“We continue to see strong demand for housing loans as more people have more disposable income. Aligned with BPI group’s push for financial inclusion, we believe that every Filipino family deserves a chance to acquire their dream home,” BPI Family president Ginbee Go said.
The P60-billion targeted new home loan disbursement this year represents a 60-percent growth from last year’s new booking of housing loans.
BUSINESS
BUSINESS
BUSINESS
Overall housing loan portfolio is seen to expand by 15 percent this year.
Interest rate on this housing loan program is within the 7 to 9 percent range a year, and may be fixed or floating depending on the borrower’s preference.
