Promo Mechanics


  1. The promo is open to individuals who apply for and are subsequently approved of an Auto Loan from May 2 to October 31, 2018. Loan must be booked within 3 months from approval.
  2. To qualify, the availed auto loan should meet the following criteria:
    • Loan application must be coursed through any EastWest store.
    • Loan term must be 36 to 60 months.
    • Amount financed must be at least P500,000.
    • Loaned vehicle must be brand new and private type (i.e. sedan, SUV/AUV/Wagon/Van/Pick-up); excluding Mitsubishi L300 FB Body, Hyundai H100 Shuttle, Kia 2700 Panoramic
    • Maximum vehicle SRP of P3,000,000
  3. The cash subsidy can be used to pay in part the Chattel Mortgage Fee or LTO Registration, or to further lower the interest. The amount of subsidy will depend on the client’s loan amount.
    Amount Financed
    Subsidy
    P500,000 – P999,999
    P5,000
    P1,000,000 – P1,399,999
    P8,000
    P1,400,000 – P1,799,999
    P11,000
    P1,800,000 – P2,799,999
    P15,000
    P2,800,000 and above
    P20,000
  4. Qualified clients shall be entitled to Free First Year Comprehensive Motor Car Insurance with the following coverage:
    • Fixed deductible of P2,000 for own damage, theft, acts of nature (AON) and riot, strike and civil commotion (RSCC)
    • Excess bodily injury of P300,000
    • Auto personal accident of P50,000 per passenger including the authorized driver for a maximum of 10 seats
    • Free 24-hour roadside assistance
  5. Upon availment of the promo, the loaned vehicle’s insurance shall be locked in with East West Insurance Brokerage, Inc. (EWIB) for the duration of the loan term. Upon renewal, client’s submission of own motor car insurance policy will not be accepted.
  6. To avail of the promo, the client will sign an Authority to Renew Insurance Policy agreement and submit post-dated checks for the payment of the insurance premiums for the succeeding years of renewal coverage.
  7. In case of total loss in the first year of coverage, the first year premium will be deducted from the claims proceeds.
  8. If the loaned vehicle is used for hire or public transport, coverage will automatically be suspended, any claim will not be compensable and will be denied.
  9. The client may avail of special interest rates.
    Amount
    Add-on Rate (In Arrears)
    Add-on Rate (In Advance)
    36 months
    18.10%
    17.30%
    48 months
    23.50%
    22.60%
    60 months
    29.20%
    28.30%
  10. All loan applications shall undergo the standard EastWest Auto Loan approval process.
  11. All offers are non-transferable, not convertible to cash and cannot be combined with other programs.
  12. All EastWest employees and their spouses are not eligible to join this promo.
  13. In case of dispute, EastWest’s decision, in concurrence with DTI, regarding this promo will be deemed final and non-negotiable.


Per DTI-FTEB Permit No. 7107, Series of 2018


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