• Fast approval
  
  

• Low interest rates
  
  

• Flexible payment terms
  
  

• Convenient modes of payment
  
  

• PSBank Prime Rebate:

  • Allows customers to earn rebates or savings when they make advance or excess payments on their PSBank Auto Loan’s monthly due.

    • The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.

    • Rebates earned from advance / excess payments are computed on a daily basis – including weekends and holidays, starting on the date the payment is posted, and credited every due date.

    • Prime Rebate is not valid for loans under a zero-interest rate promotion or program.
      
      

  • How does the PSBank Prime Rebate work?

    • Make an advance payment: For example, when you pay five days before your loan’s monthly due date, you will actually earn a rebate on a daily basis from the day your payment was posted to the day before your loan’s due date.

    • Make an excess payment: If you pay in excess of the amount required on your due date, you will earn a rebate on a daily basis from the date of posting.

Click here to view the List of Brand New Cars.

Click here to view the List of Pre-Owned Cars for Sale.

BOOKING FEES AND CHARGES

CHATTEL MORTGAGE FEES + INSURANCE + OTHER CHARGES (RD Registration fee + LTO Encumbrance (out of town) fee

POST-BOOKING FEES AND CHARGES

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

• Borrower must be at least 21 years of age and not more than 65 years at the time of loan maturity.
  
  

• Filipinos, foreigners holding permanent resident / immigrant visas (permanent residents) and certain non-immigrants and embassy officials (temporary residents), subject to specific limitations and conditions.
  
  

• If employed, must have a tenure of at least two years.
  
  

• If engaged in business, must be operating profitably for the last two years.
  
  

• Gross monthly family income of at least PhP30,000.

• Completely filled-out PSBank Auto Loan Application Form
  
  

For employed applicants:

• Certificate of Employment
• Income Tax Return (ITR)
• Copy of valid IDs (government-issued with photo and signature)
  
  

For self-employed applicants:

• Business Registration
• Corporate Papers
• Financial Statements
• Income Tax Return (ITR)
• Copy of valid IDs (government-issued with photo and signature)
  
  

For corporate applicants:

• Completely filled-out PSBank Auto Loan Application Form
• Business Registration
• Corporate Papers
• Financial Statements
• Income Tax Return (ITR)
• Copy of valid IDs of authorized signatories

A cooling-off period of two (2) banking days is granted from the signing of the loan documents and/or payment of applicable fees, whichever comes first.  During the cooling-off period, the borrower may cancel or terminate the loan without penalties, by submitting a written notice to the Bank, provided that the vehicle and the loan proceeds have not been released; and he/she shall be entitled to a refund of the fees or payments made, if any and as applicable. The Bank, however, reserves the right to collect reasonable processing and administrative fees to cover the costs incurred during the loan processing.  The cooling-off period is available for financial consumers who are individuals, or micro and small enterprises as defined in applicable DTI regulations.

Click here to view the List of Accredited Insurance Companies.

Truth and Transparency in Lending
Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)

The State protects its citizen from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

1.) Total amount to be financed
2.) Finance Charges and all other charges incident to the loan
3.) Net proceeds of the loan
4.) Schedule of Payments
5.) The percentage that the finance charge bears to the total amount to be financed expressed as an Effective Interest Rate (EIR)

Important Notice: The Bank is required to provide the borrower a copy of the disclosure statement prior to the consummation of the credit transaction.

For more information:

• Chat with us through PSBank LiveChat, para lahat ng tanong mo may sagot ora mismo!
• Contact our Customer Experience (CX) Sales Department at (632) 8845-8888 or (0917) 813-8330.
• Visit any PSBank branch near you!