More Power to Your Peso

MANILA, Philippines - Applying for a car loan is usually a painstakingly slow and confusing process. With numerous legal mumbo-jumbo and tons of paperwork to read or to sign, most buyers end up afraid to take out a loan or dissatisfied in the car buying process altogether. This isn’t the case with PSBank, one of the country’s leading providers of automotive loans.

Aside from already pioneering a 24-hour credit decision via SMS or text-messaging, PSBank has come up with another innovation in the auto loan industry: rebates for any advance or excess loan payments.

Advance payments or paying more than the minimum amount due don’t earn the customer anything, perhaps just a word of thanks from your auto loan provider. However, with PSBank’s Auto Loan with Prime Rebate, customers are rewarded with rebates when they pay their amortization before the scheduled monthly due date, or on the monthly due date but in excess of their amortization amount.

In addition, other auto loan clients who pay their monthly amortizations on time get a prompt payment discount. But when a PSBank Auto Loan client pays on time, and in advance or in excess of the monthly amount due, the prompt payment discount is given plus the rebate.

As a result, the rebates earned by PSBank Auto Loan clients can shorten a loan term, reduce a loan’s total amount or both. This provides flexibility and ease in paying off loans in a shorter period of time or at a discounted rate over time.

And the best thing about PSBank’s Auto Loan with Prime Rebate is that all current PSBank Auto Loan customers are automatically enrolled in this new product without the need to re-apply or to fill-up new forms. All you need to do is to pay your auto loan amortization on time, or to pay in excess or both to enjoy the cash rebates.

Apart from the rebates, PSBank Auto Loan provides a simple application process, flexible financing terms, affordable monthly amortization, competitive interest rates at 5.99 percent for a period of 12 months and credit decision via SMS in as fast as 24 hours.

PSBank Auto Loan offers the simplest and fastest way for people to drive home their dream car, SUV, AUV or pick-up while the new rebate feature offers the most convenient or quickest way to settle their loans.

For more information about the PSBank Auto Loan with Prime Rebate, call the PSBank Customer Service Hotline at (02) 845-8888 any time, any day; visit any of PSBank’s 170 branches nationwide or log on to www.psbank.com.ph.