BPI offers exclusive auto loan promos at Manila International Auto Show (MIAS)

The Bank of the Philippine Islands (BPI) is strengthening its position as a top-of-mind financing provider for potential car buyers in the market by partnering with the Manila International Auto Show (MIAS) as its exclusive auto financing provider.

After a brief pause since its last pre-pandemic event held in 2019, MIAS returns on April 7-9 this year at the World Trade Center in Pasay City.

As the event’s official presenter and the single auto loan provider on site, BPI Auto Loans, the bank’s car financing brand, will be present at the event to provide services to MIAS’ consumer base.

“In this comeback of the popular Manila International Auto Show, BPI Auto Loans looks forward to a good opportunity not only to increase revenues, but also to boost the brand’s visibility through this on-the-ground activity that supplements our in-branch and digital presence,” Dennis Fronda, BPI Retail Loans Head, said.

Being one of the best performing banks in the auto loan industry, BPI is optimistic that they will be able to help meet pent-up demand for vehicles and achieve their targets for 2022. “Even at the height of the global health crisis, BPI continued to provide auto loans to consumers who wanted their own cars during the pandemic. BPI also introduced several loan solutions such as the Step-Up Pay Plan, Multi-year Protect, and All-In Financing to make owning a car easy,” Fronda added.

In 2021, both the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Association of Vehicle Importers and Distributors (AVID) reported an increase of more than 50% in total units sold in the first half of 2021 compared with that in the same period in 2020, topped by five brands, namely Toyota, Mitsubishi, Ford, Suzuki, and Nissan

Based on the applications and bookings made with BPI Auto Loan in 2021, the most in-demand vehicle types were subcompact SUVs/AUVs.

Flex Rewards

In MIAS’ last face-to-face show in 2019, foot traffic reached more than 142,000. Since its launch in April 2005, the auto show has been hailed as one of the most awaited motoring and driving events in the country, providing a venue for automotive showcases and increased presence for prominent car brands. It has consistently enticed car enthusiasts and other industry professionals to participate in the event.

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BPI Auto Loan’s on-site offerings during the three-day event will be accessible to BPI clients visiting the show. “Those who will not be able to be on site can still avail of the BPI Flex-Rewards, which is available nationwide,” said Fronda.

Under the BPI Flex-Rewards promotion, BPI Auto Loan borrowers are entitled to rewards worth P10,000 for every P500,000 booked loan amount.

The promo offers up to P50,000 worth of flexible rewards that can be used to pay for select BPI products or other loan-related fees such as mortgage or processing fees, BPI MS and BPI AIA Insurance Premium, BPI deposit fund credits, BPI AMTC or BIMI Placements, loan amortization payment, and payment for BPI credit card bills.

Visit bpiloans.com and follow BPI on Facebook to learn more about the BPI Flex-Rewards promo.