PROMO MECHANICS

PROMO PERIOD:

  • The RCBC-Geely Summer Dealights Promo (the "Promo") is open to all clients who will apply for and avail of an RCBC Auto Loan from June 2 to June 30, 2021 (the "Promo Period").

  • Applications must be submitted within the Promo Period, even if subsequently approved and availed of thereafter but in no case later than July 31, 2021 (the "Availment Period").

ELIGIBILITY:

  • To qualify for the Promo, loan applications should be submitted within the Promo Period and should have been approved and availed of within the Availment Period, and must meet the following conditions:

    • Loan purpose must be purchase of any Geely unit for personal/private use only

    • Geely unit must be availed from any Geely dealer nationwide

    • Down payment must be 20% and loan amount 80% of the unit’s Suggested Retail Price (SRP)

    • Loan term is from 24 to 60 months

PROMO FEATURES:

  1. Applicable special add-on interest rates shall be as follows:

    TERM

    ARREARS

    OMA

    24

    29.38%

    28.42%

    36

    36.08%

    35.01%

    48

    43.66%

    42.47%

    60

    52.18%

    50.86%

     

  2. Client shall be entitled to FREE 1 unit of Yamaha Mio Sporty

  3. Client shall also be entitled to FREE first year car insurance.

  4. Chattel mortgage registration fee is FREE of charge.

  5. 3-year worth of LTO Registration Fees will also be FREE of charge

  6. Dealer-provided discount on units, if any, shall be applied to the unit suggested retail price (SRP)

 

GENERAL PROVISIONS:

  1. All loan applications qualified under the Promo shall be processed under the standard evaluation and approval process of RCBC, subject to relevant terms and conditions as well as RCBC’s policies and procedures.

  2. Pre-termination of the loan will be subject to the following fees:

    • Full cost of Chattel Mortgage Fee, LTO Fee, Insurance, and Yamaha Mio Sporty unit if the loan is pre-terminated within 12 months from the date of booking.

    • Pro-rated cost, if the loan is pre-terminated beyond 12 months from the date of booking.

      LOAN TERM

      Within 1st year

      Within 2nd year

      Within 3rd year

      Within 4th year

      Within 5th year

      24 months

      100%

      50%

      n/a

      n/a

      n/a

      36 months

      100%

      65%

      35%

      n/a

      n/a

      48 months

      100%

      75%

      50%

      25%

      n/a

      60 months

      100%

      80%

      60%

      40%

      20%

       

  3. Subject to prior approval, pre-termination fee can be waived under the following conditions:

    • Pre-termination is not client/borrower-initiated such as full payment of outstanding car loan due to collection of insurance proceeds from carnapped or total wrecked vehicles.

    • With remaining loan term of 62 days or less (with 2 months remaining unpaid amortization)

  4. Borrower cannot sell the vehicle acquired under the promo offer during its loan term. Violation of this condition will subject the Borrower to the payment of fees under paragraph 2 above.

  5. Borrower shall keep the vehicle acquired under the campaign offer for private use only and not to be converted into a public utility vehicle, including use of the same as Transport Service Network Vehicle (TNVS).

  6. The color of Yamaha Mio Sporty units that are to be given will depend on availability of the said model. All other specifications shall remain the same. Likewise, delivery of the unit will be subject to availability

  7. Cost of shipping of both Geely and Yamaha MIO Sporty units will be shouldered by the client.

  8. Cost of insurance, registration, and related taxes of Yamaha MIO Sporty will be shouldered by the client.

  9. Prizes not claimed after sixty (60) days from the receipt of notice will be forfeited in favor of RCBC with prior approval from DTI.

  10. RCBC, its subsidiaries, affiliates, the advertising agencies and print suppliers, including their respective Board of Directors and Advisory Board Members, officers, and employees, and their relatives up to second (2nd) degree of consanguinity and affinity are not qualified for this Promo

  11. These terms and conditions are subject to any relevant law, government direction, and regulation. In case of dispute, RCBC’s decision with DTI’s concurrence will be deemed final and binding on all clients.

  12. The features of this Promo are non-transferrable, non-convertible to cash and cannot be assigned to any third person or entity.

  13. This Promo is not valid in conjunction with other promotions carried out by RCBC.

  14. Qualified clients authorize RCBC to disclose and publish their names, photos and other particulars as determined by RCBC to any person/s and in any mode or manner, as RCBC may deem appropriate in relation to this Promo that is not in any way in violation of customer data privacy and bank secrecy law.

Per DTI FTEB Permit No. 120420 Series of 2021.