BFS extends Panalo Max

(Sunstar Cebu)

Since its initial offering to qualified Balikatan borrowers last April 2012, BFS’ Panalo Max has paved the way for thousands of borrowers to settle their existing housing loans and eventually own their homes.

Administered by pioneer mortgage servicing company BFS, Panalo Max presents special discounts based on the unique status of each qualified account.

“Panalo Max entitles qualified borrowers to avail of massive discounts to resolve their outstanding housing loans, explains BFS President Federico Y. Cadiz Jr.

“Because of these discounts, qualified borrowers may actually resolve their loans for even below the principal loan amount and without having to pay for interests or penalties.”

Following the results of its initial run, BFS is extending Panalo Max, taking into account the recent calamities that have affected millions of Filipino families, including qualified Balikatan borrowers, whose properties may have been affected by severe flooding in certain parts of the country.

To date, the bulk of Balikatan borrowers who have resolved their housing loans are located in Metro Manila, Cavite, Bulacan, Laguna, Rizal, Pampanga, Batangas, Cebu, Davao, Cagayan de Oro, South Cotabato, Bacolod and Iloilo