MANILA, Philippines - BPI Family Savings Bank is offering housing loan borrowers the advantage of having a “paybreak” in their monthly housing amortization. BPI Family Housing Loan PayBreak is the bank’s unique housing loan variant that gives clients the option to skip one monthly payment every year without having to incur penalties.
This “one month-no payment-no penalty” scheme by BPI Family Savings Bank lets you choose the particular month every year that you need a payment break the most. This comes as a reliever especially during the month in which expenses are higher than normal.
As school season is about to start, Filipino families are now expecting for an increased amount of payables because of their children’s tuition, as well as increase in expenses for books and school supplies.
This month of June is perfect for a pay-break. Clients will instead pay 11 months per year to lighten a family’s financial obligations.
“We would like to evolve and continually understand the growing needs and concerns of our clients. They need not put off owning a home because of existing obligations, BPI Family Savings Bank PayBreak offers them reprieve from housing loan payments, one month every year.” Celyn Sta. Ana, senior vice president and Retail Mortgage head of BPI Family Savings Bank, said.
She added that in the many years that the thrift bank of the Ayala Group has been serving Filipinos and making dreams a reality, “we would like to stay and continue to be their loyal partners.”
BPI Family Savings Bank makes applying for a housing loan very convenient with simplified application form in bpiloans.com; or, in any of more than 800 branches nationwide; or through our developer and broker partners, all of which allow our clients convenient access wherever they may be.