Application Form for Corporate Borrowers

Thank you for taking interest in PSBank’s Auto Loan. Please completely fill out this application form or put N/A on fields that are not applicable to you. All fields marked with asterisk
(*) should be answered completely to ensure validity of entry. Application with incomplete information will not be processed. Please print your answers using BLACK ink only.

Date of Application Dealer Sales Agent Branch Application No.

Brand Year Model Cash Price Downpayment Term (in months)

Model Type of Vehicle Amount Financed Add-on Rate (AOR)

Brand New Used Reconditioned

PURPOSE OF LOAN

Personal Business Public Use Others, pls. specify

INFORMATION OF PARTNERSHIP / CORPORATION

*Name of Firm

Date Established *Tax Identification No. SSS / GSIS No.

*Head / Main Office Address (House No./ Floor/ Unit No./ Block No./ Lot No./ P.O. Box No./ Bldg./ Apartment Name/ Street Name/ Village/ Subdivision/ Phase/ Barangay/ Barrio/ Municipality/ Province/ City/ Zip Code/ Country)

Firm Premise Ownership: Owned Leased Rented Mortgaged Used Free

Length of Stay Years Months
Size of Firm Business Type Scope of Operation
No. of Employees Corporation Partnership Sole Proprietorship Others Nationwide International
*Office Phone Number/s (For non-Metro Manila, please indicate the area code) Local No. Office Fax Number (For non-Metro Manila, please indicate the area code)
1.

2. E-mail Address
3.

Factory / Branch / Store

*Factory / Branch Office / Store Address (House No./ Floor/ Unit No./ Block No./ Lot No./ P.O. Box No./ Bldg./ Apartment Name/ Street Name/ Village/ Subdivision/ Phase/ Barangay/ Barrio/ Municipality/ Province/ City/ Zip Code/ Country)

*Office Phone Number/s (For non-Metro Manila, please indicate the area code) Local No.
Firm Premise Ownership: Owned Leased Rented Mortgaged Used Free
1.

2.
Length of Stay Years Months
3.
Type of Business (Nature of Operation) Years in Operation Stock Amount Capital Stock Retained Earnings

MANAGEMENT / DIRECTORS / STOCKHOLDERS / PARTNERS

Name (Last name, First name, Middle name) Nationality Birthday Position Number of Shares % Address

FINANCIALS
Date Annual Sales Net Income Equity

As of PhP PhP PhP

Current Assests Total Assets Current Liabilities Total Liabilities

PhP PhP PhP PhP

CORPORATION: BENEFICIAL OWNER / BENEFICIARY (if applicable)
Name Date of Birth Place of Birth

Present Address (House No./ Floor/ Unit No./ Block No./ Lot No./ P.O. Box No./ Bldg./ Apartment Name/ Street Name/ Nature of Work Source of Fund
Village/ Subdivision/ Phase/ Barangay/ Barrio/ Municipality/ Province/ City/ Zip Code/ Country)

CREDIT / BANK REFERENCES

Bank Type Account No. Monthly Amortization Outstanding Balance Maturity Date

TRADE REFERENCES (SUPPLIER / BUYER)

Name Address Contact Number/s

SOURCE OF PRODUCT INFORMATION DO YOU HAVE A RELATIVE WORKING IN PSBANK?

How did you learn about PSBank Auto Loan? Yes No
TV / Radio Website Direct Mail Flyer / Poster / Streamer Newspaper / Magazine
If yes, please state:
PSBank Personnel Name
Others, pls. Specify: Name
PSBank Client Name
Agency Name Relation
 HIGHLIGHTS OF TERMS AND CONDITIONS

FEES AND CHARGES

Product Features - PSBank Auto Loan with Prime Rebate is a Term Loan facility.
A.) BOOKING FEES AND CHARGES:
Loan Range: Minimum of PhP100,000 for brand new cars / Minimum of
CHATTEL MORTGAGE FEES + INSURANCE + OTHER CHARGES (RD
PhP300,000 for 2nd hand units.
Registration (out of town) fee + LTO Encumbrance (out of town) fee)
Terms: 12 to 60 months for brand new units
48 months for second hand units
B.) POST-BOOKING FEES AND CHARGES:
Interest Rate: Based on prevailing interest rate at time of loan booking.
Prime Rebate Feature: Allows clients to get a “discount” on his/her loan when DUE DATE EXTENSION FEE Due date extension fee is computed as:
(accrued interest from old Outstanding Balance x Rate x number of days /
he/she makes advance or excess payments on his/her monthly due.
due date to new due date) 360
Examples: SERVICE FEE FOR CERTIFICATE A certification fee of PhP50 shall be charged
Advance Payment - When client pays five days before his/her loan’s monthly due OF ENCUMBRANCE FOR LTO plus a notary fee of PhP300 if Certificate of
date, he/she earns a rebate on a daily basis from the day his/her payment was REGISTRATION Encumbrance for LTO registration is notarized.
posted to the day before his/her loan’s due date.
- PhP5,000 shall be charged for amendments
PROCESSING FEES FOR CHANGE
Excess Payment - When a client pays in excess of the amount required on his/her or change of collateral.
IN COLLATERAL AND
- PhP10,000 shall be charged for conversion of
due date, he/she will earn a rebate on a daily basis from the date of posting. CONVERSION OF UNIT TO PUV
unit to PUV.
Events of Default – Each or any of the following shall constitute an event of LATE SUBMISSION FEE ON PhP1,500 shall be collected if insurance policy
default. INSURANCE POLICY RENEWAL is not submitted from 31st to 180th day after
a.) Client fails to pay the amortization amount and interest due; expiry.
b.) Client violates any of the T&C of the agreement; NON SUBMISSION FEE ON PhP2,500 shall be collected if insurance policy
c.) Client refuses to deliver the foreclosed property to the Bank; INSURANCE POLICY RENEWAL is not submitted from 181st day onwards after
d.) Client fails to register the motor vehicle with the LTO; expiry.
e.) Lost, destroyed, damaged or change in form and use of mortgaged A collection fee amounting to 3% of the
property. The property/ies mortgaged shall be deemed lost if Client COLLECTION FEE IN CASE OF monthly installment or amount due shall also
fails to give additional security (in lieu of the damages, etc. on the DEFAULT be charged in case of default.
property/ies) to the Bank. 5% per month or a fraction thereof shall be
LATE PAYMENT PENALTY FEE added on each unpaid installment from its due
Consequences of Default – In case of default, the Bank may, without need of date until fully paid.
notice or demand, exercise any or all of the following remedies. In case of default and no legal action is filed,
a.) Cancellation of the Contract of Sale; borrower shall pay an additional sum equal to
b.) The whole amount remaining unpaid including (interest, fees and 10% of the amount due as attorney’s fees. In
charges) shall immediately become due and payable; ATTORNEY'S FEES AND case of litigation, borrower shall pay an
c.) Extrajudicial /Judicial foreclosure; LIQUIDATED DAMAGES additional sum equal to 25% of all amount
d.) Exercise the right to offset and/or legal compensation; outstanding as attorney’s fees and the further
e.) Deliver the mortgaged property to the Bank, at Client’s own sum of 20% as liquidated damages, in addition
to cost and other expenses of litigation.
expense;
f.) In case of breach of the Terms & Conditions client expressly waives NOTARY FEE FOR RELEASE OF A notary fee of PhP300 shall be charged for the
the term of 30 days as the period which must elapse before the Bank CHATTEL MORTGAGE release of Chattel Mortgage.
shall foreclose the mortgage.
PRE-TERMINATION CHARGES / FREE OF CHARGE
EARLY SETTLEMENT FEE
Customer Complaints, Concerns and Other Queries - In case of complaints,
concerns and other queries regarding PSBank Auto Loan with Prime Rebate, the Note: All aforesaid fees and charges will take effect immediately and may be
Client may contact the Bank's 24/7 Customer Experience Hotline at (02)845-8888; cancelled or modified anytime at the Bank’s sole discretion without any prior
text (63)998-8458888; or e-mail at customerexperience@psbank.com.ph. The notice.
Client can also get in touch with the Bank via the PSBank LiveChat by visiting
www.psbank.com.ph.

CORRECTNESS, WAIVER OF CONFIDENTIALITY OF PERSONAL AND FINANCIAL INFORMATION, AND TERMS AND CONDITIONS OF LOAN APPROVAL

1. The undersigned loan applicant/borrower (hereinafter the “Borrower”
regardless of number) understands that the personal and financial
information (hereinafter “Information”) supplied by him in the Auto Loan
Application Form for Corporate on the reverse side of this page, and
those which may be obtained from his income tax returns, financial
statements, credit transactions and all other documents submitted to
the Bank in support of his loan application (“Supporting Documents”)
shall be used by Philippine Savings Bank (the “Bank”) as basis for the
approval of his said loan application.
2. In connection with the above, the Borrower:
a) Certifies the correctness of all his Information;
b) Authorizes the Bank to verify his Information and Supporting
Documents with the pertinent government or private
institutions;
c) Waives all provisions of Republic Act 1405 ( Law on Secrecy of
Deposits), Republic Act 6426 ( The Foreign Currency Deposit Act),
Republic Act 8791(General Banking Law of 2000), Republic Act
10173 ( Data Privacy Act of 2012), their amendatory laws if any,
and all other laws now existing or may hereafter exist protecting
the confidentiality of the Borrower’s Information.
d) Acknowledges that pursuant to Republic Act 9510, the Bank is
required to regularly submit and disclose the Borrower’s basic
credit data (as defined under Republic Act No. 9510 and its
Implementing Rules and Regulations) to the Credit Information
Corporation (CIC) as well as any updates or corrections thereof;
and to share the Borrower’s said basic credit data with other
lenders authorized by the CIC, and credit reporting agencies duly
accredited by the CIC.
3. The Borrower understands that the Bank may disapprove his loan
application, revoke prior loan approvals, or terminate existing loan
availments on the ground of misrepresentation and/or concealment of
the Borrower’s Information, whether intended or not, without prejudice
to any other legal remedies that the Bank may take.
4. The Borrower understands that the approval of his loan
application shall be at the sole discretion of the Bank, subject to:
a) The Bank’s existing credit policies and procedures on its Auto
Loan Facility for Corporate;
b) Existing rules and regulations of the Bangko Sentral ng
Pilipinas;
c) Payment by the Borrower of all fees and charges relative to
the processing of his loan application;
d) Submission by the Borrower of all documentary requirements
and compliance with all other conditions imposed by the
Bank for the approval of his loan application as prescribed
under existing Bank credit policies or those that may be
prescribed by the Bank’s Legal Department;
e) Agreement by the Borrower to all terms and conditions of the
Loan.
In case of disapproval of the Borrower’s loan application, the Bank
shall not be obliged to disclose the reason/s for such disapproval.
5. The Borrower authorizes the Bank to send updates about the
Borrower’s loan application via SMS/text, email, mail or other
means of communication.
6. The Borrower‘s loan application may be withdrawn or cancelled
at any time prior to booking, without incurring additional charges.
The Borrower shall course all complaints or concerns, if any, at the
Bank’s Customer Experience Division or Indirect Auto Loan Channel
Department.
7. The Loan Application Form and all Supporting Documents shall
remain the Bank’s property and the same may be used at the Bank’s
discretion whether the loan is granted or not.

Name and Signature of Authorized Signatory/ies Date Automatic Debit Arrangement Account Number

Signature Verified, Authenticated, Approved by: