The hesitation to get a car loan with BPI

September 4th, 2007   (566 views )

Now the time is getting near for me to get my new car. I can smell the sweet "new car scent" inside my old Mitsubishi Lancer. I guess my memory stored the scent and replayed it back for me as I head to BPI Julia Vargas to meet with my banker.

Actually, getting a new loan, car loan that is, gives me a cringe in the neck. Not again. I have been in a hurry during the past few months to close my credit cards and now I am here getting a loan again. Its like I want to get out of the pit but now I am planning to dig a new one.

Oh well, I am a loan-phobiac. I should be. I have been in credit card debt for so many years. And I felt literally like a slave to the credit card companies... More of this rant later...

OK so my banker smiled at me really big when she saw me walked in to her office. We have the usual chit chats firsts then proceeded with the very essence of why I am there - to get a car loan.

As I learned it, BPI really offered the best car loan rates in the Philippines. This is not a paid advertisement. I shop around so I know. I have this habit of making sure that I get the biggest bang for my buck. And as I see it, BPI gives me the best rate there is.

Maybe I should thank the fact that the banker am with wants to get the piece of the treasures from where I work. I handle the Treasury function of the Company so she knows very well how my recommendation counts to her winning the bid. Nonetheless I dont focus on that on the very moment I am there.

BPI is fast and furious in giving me the loan. I was literally approved within 6 hours from applying. Very fast indeed and I guess that is one of BPI's winning moments.

Again, not advertising here. I am just happy with the service. If you want a car loan here in the Philippines, be sure you call BPI. You'll never know what you'll gonna get.

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