BPI Auto Loan gives free 5-year car insurance, bigger savings under ‘Dream More Deals’

MANILA: The Bank of the Philippine Islands (BPI) is giving free five-year car insurance for select models, alongside savings and exclusive benefits as part of its 175th anniversary celebration

The exclusive offer is under BPI Auto Loan's Dream More Deals promo that aims to make vehicle ownership more manageable.

“Every car opens the door to new opportunities, milestones, and memories. At BPI, we are committed to making that journey more rewarding through benefits that deliver zero worries and bigger savings, helping our clients make the most of every mile and every peso throughout the life of their loan,” BPI Head of Retail Lending and Bancassurance Dex Cuajotor said.

In a statement, BPI shared that the Dream More Deals offers waived fees of up to P50,000, discounted interest rates, and free one-year car insurance. Aside from that, those who avail a five-year loan term with select models get their free insurance extended to a full five years— covering the loan’s entire timeline.

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Those who get models under BPI’s automotive partner brands can enjoy exclusive offers and benefits, including the free five-year car insurance—with total potential savings of up to ₱480,000. The 12 marques that are part of the deal include:

• BAIC
• BYD
• Chery
• Ford
• Foton
• GAC
• Hyundai
• Jetour
• Kia
• MG
• Mitsubishi
• Radar
• Toyota

The offer comes as Filipino motorists increasingly explore more fuel-efficient and alternative vehicle options. Based on the joint report from the Chamber of Automotive Manufacturers of the Philippines Incorporated and Truck Manufacturers Association for July 2026, year-to-date sales of electrified models exponentially grew—increasing by 136 percent compared to last year.

Here's a look at the performance:

xEV	Year-to-date sales (as of July 2026)	July 2026
Overall	38,286	7,086
Hybrid electric vehicle	20,716	2,964
Battery electric vehicle	10,476	2,520
Plug-in hybrid electric vehicle	7,094	1,602

Also read:

BPI to offer exclusive offers at MIAS 2024

BPI enjoys 37% growth in loan releases

BPI MyFiesta offers chance to win P1 M off car loan balance

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