Saturday, March 5, 2011

Getting a Car Loan in the Philippines? Reasons why BPI Auto Loan is your choice

I've never heard of a bank that offers a similarly convenient Auto loan service here in Metro Manila. Actually, this car loan from BPI is available throughout the Philippines, in over 800 BPI branches.fr


Some facts on why I think you should choose them for your auto loan needs:
> They are the leader in the auto loan and home loan industry (In fact, I interviewed my relatives and some close friends and their first choice is always BPI Auto Loan.)
> In the Philippines, BPI has by far, the largest bank network, with over 800 branches.
> IMPORTANT FACT: You don't even have to be a BPI depositor to avail of their auto loan.
> Legal OFWs can also apply for an auto loan, more so if they are sending their remittance through a formal channel. 
> If you are a BPI depositor, it takes only 3 hours to know if your loan has been approved or declined.
> If you are not a BPI depositor, it takes around 3 to 8 hours to know if your loan has been approved or not. Still very fast in my opinion.




Below are some basic information for filling out the said forms from the BPI Website:
Please fill out all entries in the form to ensure rapid processing of your loan application. Incomplete information will cause a delay in processing. Standard business hours is from 8:30am to 5:30pm, Monday to Friday. Applications received outside the standard business hours will be processed on the next business day. 

What kind of convenience does BPI Auto Loans online provide?
> Availing an auto loan? Just go to the BPI Auto Loan website and fill up the form. No need to go to a BPI branch just to submit your form. Fill up the ONE-PAGE form at your own time and pace!


> BPI auto loan website can help you decide which car to get. In their website, you can compare cars by category, engine displacement, price range and even compare the cars head-to-head!


> If you have decided and got a car in mind, next thing you have to know if you are eligible. BPI has an amortization calculator and a self evaluation form online.


> The amortization calculator lets you know how much you'll be paying monthly while the self evaluation form lets you know if you are more or less eligible for the said car loan. (second hand or brand new)


> Since the car database of the BPI website  is updated regularly (connected to Top Gear Philippines), you don't need to check out ALL the car dealers showroom. Saves gas and time!

BPI Auto Loan Promo.
Is it time to avail of the auto loan now? YES!


TIP: Also, it's faster to apply online. When you apply via the car dealers, it will stay with them for a period of time before it gets submitted to the bank. If you want results faster, use this BPI online facility.

Why should I avail of the BPI Auto Loan now?
> They are currently giving away a FREE GPS navigator from AVT. Not all cars comes with a GPS Navigator and by availing an auto loan from them, you can now get one, for FREE!
>  LOW INTEREST RATES
 > They are giving away a PN-301 AVT GPS Navigator (see photo below). It's the same GPS I purchased a year ago for nearly 10,000 pesos! Now, it's free with their Auto Loan!
> It's ultra-portable that you can even use the GPS while walking or maybe taking a cab here or maybe in Cebu! (So you'll know if 'manong' taxi driver is fooling you)
> The brand AVT is used by major car manufacturers for producing their OEM navigation systems (Montero sport uses them). 80% of the major car manufacturers use AVT. This is why BPI chose them because they are the most reliable* so far.  
*as of the moment. Statement from a BPI head

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuYCCTAvi-QbVwhtbvc4xT9sRN7OcZIXBgaSRxPd7oMtefJBS6BnoIMMo-jvgO8XOMkvhzjorHj6KokbilrnvfwltLcgS4PvV3uae8zK1BcieRQ3CODleVU2S7vY4buyc0NroOt_HWZWNh/s1600/avt-gps-navigator.JPG

> AVT GPS has 130,000 Points of Interest (POI). POI's are places of interests like malls, banks, gas stations, restaurants and other places.
> This.GPS.talks! Turn left.. turn right.. bear left... enter highway... entering a subway, please turn on your headlights etc...(You can choose from a guy voice and a female voice. Mine has a chinese language option)
> TIP: Since our addresses here in the Philippines aren't pinpoint accurate, some addresses won't appear. Just enter the corner street and you'll be there. (E.g. Banana st. corner Apple st, QC)

Promo Period for the FREE GPS navigator from BPI auto loan is from February 14 to March 15, 2011! Let's hope that they extend! (more info here)

To get the free GPS, a minimum amount financed of P700,000 with a minimum term of 36 months should be availed and your vehicle unit you ordered under a loan from BPI Family Savings Bank must be delivered by April 1, 2011.

BPI related links:
BPI Auto Loan car database w/ prices and specifications 
BPI Auto Loan calculator
BPI Auto Loan product information
FAQs about the BPI Auto Loan
What's up with BPI?

Cheftonio

2 comments:

Unknown said...

Your post is very nice about on car loan. Own car is like dreams come true. So car loan is essential need for new buyers. Auto title loans Los Angeles is now very easy. Thank you for sharing your tips and knowledge.

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