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Promo Mechanics

The Chinabank AutoPlus Bundle (the “Promo”) is open to all Chinabank clients with newly approved AutoPlus Loan/s during the Promo Period (the “AutoPlus Loan”), subject to the terms and conditions below.

I. Qualifications

1. AutoPlus Loan clients may qualify for the Promo provided that they avail themselves of all the following products and services as a bundle:
   • Chinabank Credit Card (applicable to Philippine residents only). The Chinabank Credit Card must be a newly issued card that is separate and distinct from any Chinabank-issued credit card that the AutoPlus Loan client may already have at the time of the AutoPlus Loan application. The borrower/co-borrower(s) must be the principal cardholder and not a supplementary or secured cardholder; and
   • Comprehensive insurance premium through Chinabank Insurance Brokers, Inc. (CIBI) (including renewals up to loan maturity, if insurance premium is discounted from the waived fees).
2. AutoPlus Loan clients with a minimum loan amount of Php500,000.00 may avail themselves of free chattel mortgage fees and a free 1st-year insurance premium, subject to a combined maximum waived amount of Php50,000.00.
   
   The waiver of bank fees and charges shall be applied in the following order of priority:
   
   1. Documentary Stamp Tax
   2. Security Interest Mortgage Registration Fees
   3. Notarial Fees
   4. Miscellaneous Fee
   5. Comprehensive Insurance Premium through Chinabank Insurance Brokers Inc.
   
   Any amount exceeding the maximum waived amount shall be for the account of and paid by the AutoPlus Loan client prior to the issuance of the Authority to Deliver (ATD) form or the release of the loan proceeds.
3. Qualified AutoPlus Loan clients who finance an Electrified Vehicle, defined as a Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), or Plug-in Hybrid Electric Vehicle (PHEV), may also be entitled to a Php25,000.00 rebate, which shall be credited to their approved Chinabank Credit Card, 45 days after the booking of the account and release of the loan proceeds to the dealer, provided that the Credit Card has been activated 30 days upon receipt of the physical credit card.
4. To qualify for the Promo, the Chinabank AutoPlus Bundle applicant must meet the following conditions:
   • At least one of the principal borrower/co-borrower must be a Filipino citizen and resident of the Philippines during the Promo Period, and Booking and Disbursement Period.
   • The principal borrower/co-borrower(s) must submit to Chinabank the complete application requirements within the Promo Period and post-approval requirements within the Booking and Disbursement Period. In all cases, the AutoPlus Loan must be disbursed no later than January 31, 2027.
   • The purpose of the AutoPlus Loan must be any of the following:
     • Financing the purchase of a Brand New Vehicle for personal use only.
     • Reimbursement of the purchase price of a Brand New Vehicle for personal use only.
   • This Promo shall not apply to any of the following:
     • Purchase of a secondhand vehicle;
     • Purchase of utility vehicles, light or heavy trucks, or similar vehicles used for public transport, as common carrier or school service, or for the transport or delivery of goods; or
     • Borrowers with a past due account status under any of the following Chinabank products: HomePlus Loan, AutoPlus Loan, or Credit Card.
5. Promo Period - All applications for Chinabank AutoPlus Bundle with complete requirements received from October 15, 2026 to December 31, 2026.
6. Disbursement and Booking Period - All Chinabank AutoPlus Bundle applications received during the Promo Period must be booked by January 31, 2027.

 

II. Terms and Conditions

1. The AutoPlus Loan and Chinabank Credit Card applications shall be evaluated based on Chinabank’s existing credit policies and standards.
2. The AutoPlus Loan shall have a minimum loan term of three (3) years and a maximum loan term of five (5) years.
3. All post-approval documents and requirements must be submitted prior to loan disbursement to be eligible to avail the Promo.
4. The Borrower must maintain the loan until its full maturity in accordance with the approved loan term. If the qualified borrower makes any partial prepayment or fully prepays the loan during the loan/lock-in period, the qualified borrower will be liable to pay a pro-rated computation of the waived/free chattel mortgage fees. The same condition applies to the waived/free 1st year insurance fee if the loan is fully paid prior to its maturity.
5. If the Borrower is found to be in violation of any of the terms of the Promo within the loan term, the Borrower shall fully and completely reimburse Chinabank for all waived bank fees and charges.
6. This Promo is non-transferable and cannot be exchanged for cash or other items, or availed of in conjunction with other promotions, discounts or other special considerations, unless otherwise specified in the Promo mechanics.
7. The Standard Terms and Conditions of the Chinabank AutoPlus Loan, Chinabank Credit Card, and Chinabank Insurance Broker’s Inc. shall apply.
8. In case of any dispute arising from or relating to the Promo, Chinabank's decision, with the concurrence of the Department of Trade and Industry (DTI), shall be deemed final and non-negotiable.
9. By participating in the Chinabank AutoPlus Bundle, the borrower/co-borrower(s) confirms that he/she has read, understood, and agrees to be bound by the foregoing Promo mechanics.
10. For any concerns, inquiries, and requests in relation to this Promo, borrowers may use the contact channels provided below. Upon receipt thereof, Chinabank shall then conduct a comprehensive investigation in accordance with its established procedures. Thereafter, the borrowers shall be notified of Chinabank’s findings, if applicable, which findings shall be final and conclusive.

 

 

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