BPI Loan Clients May Avail 60-Day Grace Period | BPI Family Savings Bank

BPI Loan Clients Offered 60-Day Loan Moratorium in Compliance w/ Bayanihan 2

BPI LOAN CLIENTS – Those who have loans with the BPI Family Savings Bank may avail the 60-day grace period offer.

A lot of people are financially struggling now due to the impact of the COVID-19 pandemic. Many employers lost their income while a lot of employees lost their jobs amid the crisis.

The implementation of the community quarantine measures are anchored to the good intention of curbing the spread of the coronavirus disease. Unfortunately, many businesses did not survive having no income for months already.

A lot of businesses had to stop operation and shoulder the expenses without anything in return. Many businesses closed and some even had to declare bankruptcy.

To assist the different agencies and sectors in the country and as well as the people, the national government came up with Bayanihan 2 or the Bayanihan To Recover As One Act.

Under the Bayanihan 2, there is a 60-day moratorium or grace period for loans. Many people have loans to pay amid the COVID-19 crisis and are struggling to cope with it.

The BPI loan clients of the BPI Family Savings Bank, a subsidiary of the Bank of the Philippine Islands, may avail the 60-day loan grace period. According to the bank, it is open to clients of the auto and housing loans.

Furthermore, the BPI subsidiary bank stated that that the due of the BPI loan clients who wanted to avail the 60-day loan moratorium must fall between September 15 and December 31.

To avail the said 60-day loan moratorium, the client must inform or notify the bank. Thank you for visiting our website. We hope we have helped you in regards to this matter. You may keep coming back for more informative guides.

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