BFS’ Extended Panalo Max Offer
BFS re-launched Panalo Max in continuing its effort to help Balikatan borrowers and realize their homeownership aspirations. Panalo Max was first launched in April 2012 and the response was positive with thousands of borrowers resolving, including Balikatan borrowers who were based abroad as OFWs. In the past seven years, BFS constantly tried to reach its borrowers in efforts to encourage them to avail of its affordable condonation programs. Even if the obligation is on the borrower to seek out BFS, its dedicated account specialists exert efforts to communicate to clients through letters, phone calls, SMS, B-Online (an online video counseling service), including door-to-door visits in key areas such as Metro Manila, Cavite, Bulacan, Laguna, Rizal, Batangas, Bataan, Pampanga, General Santos, Davao, Cagayan de Oro, Bacolod and Iloilo. “We keep on saying that foreclosure is a last resort and least preferred option and it truly is for us in BFS. We want borrowers to be able to save their homes and get closure. Rather than see borrowers lose their homes...
