Guide on Existing BPI Loans amid the Crisis in PH
BPI LOANS – Are you wondering whether or not you may still avail of a 30-day grace period or moratorium on your loan due to the Bank of the Philippine Islands (BPI).
A lot of people are greatly affected by the COVID-19 pandemic – emotionally, physically, spiritually, and even financially. Many lost their source of income as their businesses closed or they lost their job. Unfortunately, while the in-flow of the income may stop, the expenses won’t.
The continuous bills make life more challenging to a lot of people now most especially the breadwinners of the families. It is already a challenge to put food on the table daily for a lot of people – how much more the money for the utility bills, the education of the children, the unexpected emergencies, etc.?
Some of those who are financially struggling now have outstanding loans to pay. Previously, the national government mandated loan moratoriums to help the Filipinos amid the crisis.
Some of those who have outstanding BPI loans may be wondering if you can still avail of the 30-day grace period on your loan due. According to the bank, the moratorium provided under the Bayanihan Act has expired this the “provision can no longer be enforced”.
Meanwhile, the bank is ready to provide clients who are struggling in paying their BPI loans with options. You may visit the branch of the BPI nearest to you or you may also check its official website – BPI.
If you are one of those who have no outstanding loan or is planning to apply for another loan to the bank, there are several choices that you can choose from. To check on the offers, feel free to visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI).