Free First Year Insurance And Chattel Mortgage Fee Discount

At EastWest, we believe owning your dream car should be an exciting and simple journey, not a complicated one. That's why our Auto Loan is designed for speed and ease, putting you in control.​
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Enjoy these benefits, on us:​

Free First-Year Comprehensive Insurance: Drive with confidence and peace of mind, knowing your first year of insurance is on us.​

Discounted Chattel Mortgage Fee: We’ve reduced the fees to make owning your car lighter on your pocket from the very start.​

Easy and Convenient Application: We've streamlined our process so you can spend less time on paperwork and more time planning your first road trip.​

TERMS & CONDITIONS 

1. The program is open to all clients who apply for and are subsequently approved for an EastWest Bank Auto Loan from June 1 to September 16, 2025. This applies to PO/2-party transactions. 

2. The loan must be booked within 3 months from the approval date. 

3. To qualify, the availed auto loan should meet the following criteria: 

• The loaned vehicle must be brand new and for private use only. 
• Loan term of 36 to 60 months. 
• Minimum amount financed of Php500,000. 
• Maximum vehicle SRP of Php3,000,000. 

4. Qualified EastWest Auto Loan clients are entitled to all of the following:  

• Free First-Year Insurance 
• Discount on Chattel Mortgage Fee 

5. Upon availment of the Free First-Year Insurance, the mortgaged vehicle’s insurance shall be locked in with East West Insurance Brokerage, Inc. (EWIB) for the duration of the loan term. Upon renewal, the client’s submission of their own motor car insurance policy will not be accepted. 

6. Clients will get a Chattel Mortgage Fee discount of up to Php5,000, depending on their loan amount. 

7. Auto Loan applications are subject to credit evaluation in accordance with the existing credit policies and procedures of EWB. 

8. The promo offers are non-transferable, not convertible to cash, and cannot be combined with other programs. 

9. All East West Banking Corporation employees and their relatives up to the 2nd degree of consanguinity or affinity are not entitled to avail of the program.