- Promo period is from November 30 – December 31,2019.
- Promo is open only to clients who will visit the UCPB Auto Warehouse Oyster Plaza, Paranaque City, and purchase a foreclosed vehicle through UCPB DrivEasy Auto Loan.
- Applications for Car Loan must be submitted to UCPB during the promo period and subsequently approved to qualify for the promo.
*Applications submitted after December 31, 2019 5PM shall no longer be eligible.
- Clients whose car loan applications qualify for the promo shall receive a SMS notification from their Account Officer.
Qualified clients may only join once within the promo period and may win one of the following prizes:
# of winners Amount 15 winners Php 10,000 1 winner Php 50,000The 20% prize tax (on total cash prize to be given away) shall be shouldered by UCPB.
- Eligibility Requirements:
- Loan amount of at least Php 100,000.00
- No Down payment needed.
- Minimum Loan Term of 12 months and Maximum of 48 months.
- Car loan applications received within the promo period and subsequently approved and availed within ten (10) calendar days.
- Payment of the first (1) monthly amortization.
- Subject vehicle must be from the list of UCPB pre-owned cars. Visit www.ucpb.com/propertiesforsale/ for the complete list of available vehicles.
- Subject vehicle must not be used for transport services (Taxi, Rent a Car/Van, UV Express, etc)
- Vehicles excluded from the promo are Aluminum Vans, Trucks, Ambulance, Armored vehicles, Utility vehicles not intended for personal use (mass transport utility vehicle/common carrier, as delivery vehicles to transport quantities of goods for trade purposes, as school service vehicles, etc.) which includes but is not limited to Mitsubishi L300 FB/Canter, Isuzu NKR and NPR series and the like (contact a UCPB Account Officer to verify vehicle restriction)
- Car Loan application is subject to the Bank’s standard credit evaluation process.
- Other Conditions:
- Client to shoulder Transfer of Ownership.
- Client shall pay loan amortizations on time and keep the account in current status. No rate breaks or reduction from the approved rates shall be allowed.
- Client cannot sell the vehicle acquired under the promo while the loan is outstanding.
- Client shall keep the vehicle acquired under the promo for private use only and not convert the same to a public utility vehicle.
- Client shall be allowed to pre-terminate, pre-pay or early settlement the subject loan.
- In case of failure of the client to comply with or violate any of the conditions above, the client shall pay UCPB the free Chattel Mortgage Registration Fee and full loan amount.
- Lot sales are not included in this promo.
- The Electronics raffle draw through “True Random Generator” program of www.random.org will be held on January 14, 2020 at the UCPB Corporate Offices, 7907 Makati Avenue, Makati City in the presence of a DTI representative together with UCPB Marketing and Internal Audit representatives.
- Employees of UCPB, its affiliates, subsidiaries, their advertising agency, and their relatives up to the second degree of consanguinity or affinity are disqualified from joining the promo.
- The cash prize will be credited to the winner’s UCPB Savings Account 15 days after their 1st monthly amortization.
* If the winner has no existing account, he/she must open a UCPB Saving Account
- Winners shall be announced online through UCPB’s corporate website at www.ucpb.com. Winners will also be notified via SMS, email and registered mail based on the accountholder’s contact details with UCPB.
- All matters and disputes will be subject to the final decision of UCPB with concurrence of DTI. All decisions made will be deemed final and irrevocable. UCPB reserves the right to reject a participant if he/she is unable to meet the conditions set out in the promo mechanics and verify the eligibility of the client (the client loan must be in good standing for the duration of the promo period and within the 60-day redemption period).
Per DTI Fair Trade Permit No. FTEB 22777,Series of 2019