With PSBank Auto Loan with Prime Rebate, isang tulog lang may kotse ka na!

The PSBank Auto Loan offers competitive interest rates, flexible payment options, and credit decision via SMS on loan applications in as fast as 24 hours. The most rewarding part of the PSBank Auto Loan is its Prime Rebate feature which lets you earn discounts on your loan when you make advance or excess payments on your monthly due.  With this arrangement, you'll be able to lower your total loan amount, shorten your loan term or even both. 

Applying is also easy! You may apply via our Online Loan Application by clicking on the "Apply Now" button on the right or by visiting any PSBank branch near you. 

So whether it's for your personal or business use, fund your car purchases with a PSBank Auto Loan with Prime Rebate. 

Loan Amount

Minimum of PhP100,000

Loan Terms

Flexible between 12 to 60 monthly amortizations

Interest Rate

Based on prevailing interest rate at time of loan booking.

Modes of Payment
  • 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.


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


Processing of loan certification

A fee of PhP100 will be charged

Transmittal of loan documents to another branch A fee of PhP100 will be charged
Due date extension fee (accrued interest from old due date to new due date) Due date extension fee is computed as: Outstanding Balance x Rate x number of days / 360
Service Fee for Certificate of Encumbrance for LTO registration A certification fee of PhP100 shall be charged plus a notary fee of PhP500 if Certificate of Encumbrance for LTO registration is notarized.
Processing fees for change of collateral and conversion of unit to PUV

• PhP5,000 shall be charged for amendments or change of collateral.

• PhP10,000 shall be charged for conversion of unit to PUV

Late / Non submission fee on insurance policy renewal PhP3,000 shall be charged for late/non-submission of insurance policy renewal document
Collection fee in case of default A collection fee amounting to 3% of the monthly installment or amount due shall also be charged in case of default.
Late payment penalty fee 5% per month or a fraction thereof shall be added on each unpaid installment from its due date until fully paid.
Attorney's fees and liquidated damages In case of default and no legal action is filed, borrower shall pay an additional sum equal to 10% of the amount due as attorney’s fees. In case of litigation, borrower shall pay an additional sum equal to 25% of all amount outstanding as attorney’s fees and the further sum of 20% as liquidated damages, in addition to cost and other expenses of litigation.
Issuance of Cancellation Documents
  • 1st issuance: Pay Notarial Fee of PhP500
  • 2nd and every issuance thereafter:
    • Notarial Fee: PhP500
    • Processing Fee: PhP2,000
Early Settlement Processing Fee
  • PhP10,000 
    • if remaining term is equal or less than 6 months
    • if outstanding balance does not exceed PhP50,000 
Safekeeping fees A fee of PhP2,000 shall be charged if collateral loan document/s is/are unclaimed after 90 days to 120 days from loan closure date. An additional fee of PhP1,000 shall be charged for every 30 days exceeding the 120-day period.

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.

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:

Apply Now

Loan Calculator

Calculate Now

Quick Loan Inquiry and Insurance Portal

Inquire Now

PSBank Near You


PH Peso - US Dollars

PhP {{buying}}

Today is July 24, 2024
Guiding Rate as of {{asOf | date: 'MM/dd/yy'}}