Housing loan borrowers of the National Home Mortgage Finance Corp. can now enjoy points redemption reward through its recently launched BALAI Rewards and Incentives Program.
BALAI Rewards can be availed by the borrowers whose accounts are active and updated starting January 1, 2020.
Borrowers who pay their monthly amortizations on or before their respective due dates earn one point. For every 12 BALAI Rewards points earned within a 15-month period, a borrower is entitled to receive a gift certificate worth P1,000. A bonus gift certificate will also be given if a borrower earns 12 points for three consecutive years.
Eligible accounts under this program are automatically qualified to the raffle draw. Winners will be picked electronically, and awarding will be every December to coincide with NHMFC’s anniversary.
Cash prizes at stake are P200,000 (1st Prize), P100,000 (2nd Prize), P50,000 (3rd Prize), and three consolation prizes of P15,000 each.
“For several years, the NHMFC has concentrated on providing repayment incentives for delinquent and non-performing loans, and rarely on the regular or prompt paying accounts. Consider this new program as a reward for our borrowers who religiously pay their monthly amortizations,” NHMFC president Felixberto U. Bustos said during the launch.
BALAI Rewards can be easily accessed through BALAI Rewards mobile app, My NOA kiosks located at NHMFC offices, and the NHMFC’s official website www.nhmfc.gov.ph. Promo runs until December 31, 2022.