Ka-Negosyo Summer Love Promo

General policies

1. These Terms and Conditions govern the BPI Business Banking Ka-Negosyo Summer Love Promo for all qualified clients, who meet the eligibility requirements prescribed hereunder.

2. The BPI Business Banking Agreement and Supplemental Terms and Conditions, Terms and Conditions governing the use of BPI’s Products, Services, Facilities and Channels, and the BPI Data Privacy Statement, are hereby incorporated by reference and shall form an integral part hereof. 

Eligibility and participation

1. The promo will run from February 14, 2024 to April 30, 2024 (promo period), and shall be open to BPI Business Banking clients of all Standard Ka-Negosyo Loan Products including: 

• Ka-Negosyo Credit Line (KCL) new applications and renewals with increase (except for those under the Back-to-Back Loan program and with flat KCL renewals)
• Ka-Negosyo SME Loan (KSL)
• Ka-Negosyo Ready Loan (KRL) 

2. The loan amount requirement for new KCL clients, KCL increase in limit, and all other Ka- Negosyo Loans must be at least Php 1 million in amount.

3. The new application of KCL must be set up within the promo period to be eligible for the waived KCL Annual Fee for the first year.

4. The KCL increase must at least amount to an increment of Php 1 million to be eligible for the Discounted Annual Fee, with discount subject to the acquired loan amount. 

5. All Standard Ka-Negosyo Loan Products including: 

• Ka-Negosyo Credit Line (KCL) new applications and renewals with increase (except for those under the Back-to-Back Loan program and with flat KCL renewals)
• Ka-Negosyo SME Loan (KSL)
• Ka-Negosyo Ready Loan (KRL)

Booked between February 14, 2024 to April 30, 2024 are qualified for the discounted processing fee amounting to Php 1,430.00. 

6. For the clients to avail the tiered interest rate discount, the following conditions shall be met: 

a. Client must refer at least one new client to apply for a Ka-Negosyo Loan

b. The referring client must avail an approved Ka-Negosyo Loan amount of at least Php 1 million within the promo period. 

7. Discounted interest rates are determined by the number of referred clients. Clients referring 1 new client is eligible for a 0.5% interest rate reduction, while clients with 2 or more new client referrals are eligible for 1.0% interest rate reduction. 

8. The interest rate discount will only be applicable during the promo period and will revert to the original rates on June 1, 2024. 

Terms and conditions

1. The offers are non-transferable and may only be availed of by the BPI Business Banking client.

2. In case of disputes in respect of BPI only and the BPI Business Banking client’s availment of the Promo, the decision of BPI shall be considered final.

3. All disputes related to this Promo will only be dealt with if submitted within seven (7) banking days from the end of the Promo Period.

4. The Bank reserves the right to terminate, discontinue, or suspend the Promo at any time.

5. The Promo shall be subject to periodic review to ensure compliance with BPI’s policies and procedures, as well as with BSP rules and regulations and applicable laws.

6. To the full extent allowed by applicable laws, all warranties, whether expressed or implied by law or statute, are excluded herein. BPI does not make any warranty, express or implied, with respect to any of the rewards items.

7. BPI reserves the right to suspend or disqualify any BPI Business Banking client from further participation in the Promo, if in its judgment, that user has violated the terms and conditions herein. Suspension or disqualification may result in the cancellation of the BPI Business Banking client’s right of participation and/or the collection of the economic equivalent of all promos enjoyed.

8. BPI corporate and business clients with employees of BPI and their relatives up to second degree of consanguinity or affinity as DOSRI or sole proprietors are disqualified from joining the promo. 

For inquiries and comments, kindly email bbclientservices@bpi.com.ph or call (+632) 791-82000 (press 2 for Business Loans).

You may also send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.