According to the results of the recent annual Consumer Financial Survey (CFS) of the Banko Sentral ng Pilipinas (BSP), the Philippines remain a consumer-spending driven economy. In a way, the Filipinos themselves help…read more >>
Loan Promotions on Offer
Remember that when you are a customer applying for a loan you are the perfect client that every bank is looking for. All banks want to have good clients who are looking to borrow money. The interest rates that clients repay on all loans and credit cards are some of the biggest revenue streams that the banks make. Therefore, from time to time banks and loan providers will offer new clients a promotion to take out a loan with them.
This article was published in December 2013, so you are encouraged after reading this article to ensure that the promotions are still current and active if you are looking to avail of one.
Citibank Philippines are offering an EXCLUSIVE offer if you apply for a personal loan with them online. This offer is available for customers who accept a loan of P200,000 or higher. The offer is a Sodexo voucher that can be claimed at over 5,000 stores nationwide. For particular details on this offer, please contact Citibank directly.
Bank of the Philippine Islands (BPI) are offering a rebate offer for clients that take out a personal loan with them. The loan applications should be from September 23 – Nov 29, 2013. Clients can receive a 1% rebate from the loan they have taken out. For example, if you take a loan out for P100,000 you will receive a rebate of P1,000.
Standard Chartered bank in the Philippines have frequently had promotional offers in recent years to win more clients locally. A current loan offer they are offering is Php1,000 worth of Sodexo gift certificates for a booked loan amount.
BDO were previously offering a Hotel Promotional offer if you are successful with booking an appointment for either a auto loan, home loan or a small business loan (personal loans are not included in this offer) between the dates of April 30 – October 30th 2013.
Philippine banks are well aware how valuable you are. When you are shopping for a new loan take the time to shop around the different suppliers and see what promo offers they currently have. Based on just the few offers we outlined above, you could receive anywhere from P1,000 – P5,000 in free gift certificates for simply taking out a personal loan; something you were going to do anyway!