Auto Loan Online Deal

Promo Mechanics:

  1. The BDO Auto Loan Online Promo (“Promotion”) applies to all brand new car buyers who will apply online for a BDO Auto Loan from August 1 to September 30, 2019 (“Promo Period”) through www.bdo.com.ph/autoloan.

  2. The Auto Loan application should be subsequently approved and booked no later than November 30, 2019 (“Promo Availment Period”).

  3. To qualify for the Promotion, the following conditions must be met:

    1. The BDO Auto Loan application is for a brand new car and for personal use only

    2. Loan Term should at least be 36 months

    3. Loan Amount availed should at least be P600,000

    4. The application must be submitted via the BDO website online application form and processed by its corresponding handling BDO Auto Loan Account Officer

  4. The following promo offers are available and qualified borrower may choose one (1) offer only:

    1. Free Gas cards

    2. Rebate

      • Amount of Free Gas or Rebate will depend on the loan amount.

        Loan Amount Amount of FREE GAS CARDS OR REBATE
        P600,000 P999,999 P 3,000
        P1,000,000 P1,499,999 P 6,000
        P1,500,000 P1,999,999 P 9,000
        P2,000,000 P2,999,999 P 15,000
        P3,000,000 and above P 20,000
    3. Free First Year Motor Insurance

      • As a condition for choosing this offer, Borrower should renew his/her motor insurance for two (2) succeeding years after the expiration of his/her free motor vehicle insurance through BDO Insurance  Brokers, Inc (BDOI).

If Client opted for Free Gas

  1. The client shall claim the Free Gas card/s through his/her Account Officer no later than 60 days after the Promo Availment Period. Unclaimed gas card/s after the given deadline shall be forfeited in favor of BDO with prior approval from DTI.

  2. Requirements in claiming gas card/s

    1. If client will personally claim the gas card/s – he/she must provide:

      • a valid ID (Company, GSIS, TIN, Passport, Driver’s License)

      • photocopy of the valid ID

      • Client will then sign a receiving copy for the Free Gas card/s received.

    2. If a representative will claim the gas card/s on the client’s behalf – the representative must provide the following:

      • Original Letter of Authorization signed by the client

      • Photocopy of client’s valid ID

      • Representative’s valid ID and its photocopy

The representative shall likewise sign a receiving copy for the Free Gas card/s received.

If Client opted for Rebate

  1. The corresponding amount of rebate shall be applied as a reduction to loan-related  fees that client will be paying upon availment of the loan. Client’s handling Account Officer will discuss the total amount deducted from the loan-related fees.

If Client opted for Free First Year Motor Insurance

  1. A condition for the availment of the Free First Year Motor Insurance Premium is that the Client shall renew the insurance coverage for the succeeding two (2) years through BDO Insurance Brokers, Inc (BDOI).  The Client should also agree to issue two (2) postdated checks payable to BDO Insurance Brokers, Inc (BDOI) as payment of the premiums for Year 2 and Year 3 insurance renewal.

General

  1. All applications qualified for the Promotion will undergo standard evaluation and approval process of BDO, subject to completion of required loan documents.

  2. Employees of BDO and its subsidiaries and their relatives up to the second degree of consanguinity are not qualified for the promotion.

  3. The offer cannot be availed in conjunction with other BDO Auto Loan promotions and/or offers.

  4. In case of dispute, BDO’s decision shall be final in concurrence with DTI. These terms and conditions are subject to any relevant law, government direction, and regulation. The promotion will be void where prohibited or restricted by law or government regulations.

 

 

DTI FTEB Permit No. 14045 Series of 2019