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June 1, 2022

PSBank Offers Lower Rates, Free Insurance For Toyota's Hybrid Line-Up

Philippine Savings Bank (PSBank) and Toyota Motor Philippines (TMP) team up for “Say Hi To Hybrid Auto Loan” promo, an offering that aims to help pave the way for sustainability by making Hybrid Electric Vehicles (HEVs) more accessible to Filipinos.

HEVs are eco-friendly cars that are fuel efficient, have a self-charging battery, and are easy to maintain, making them the more sustainable option for the environment and for the budget. Topnotch examples of HEVs include Toyota’s Corolla Cross 1.8V Hybrid and Corolla Altis 1.8V Hybrid CVT, both supported by the Say Hi To Hybrid Auto Loan Promo.

PSBank and TMP’s promo offering includes free one-year comprehensive insurance and lower interest rates when availing any of the two Toyota HEVs through PSBank Auto Loan. This special offer will run from June 1 to August 31, 2022.

From a standard rate ranging from 15.63 percent to 25.80 percent (36 to 60-month loan terms), PSBank and Toyota will reduce that to 14.77 percent to 24.86 percent (36 to 60-month loan terms). These assume a 20 percent down payment.

“Many people are now shifting to a more sustainable lifestyle and we at PSBank want to further empower them by making owning a Toyota HEV easy and affordable through our Auto Loan facility, special rates, and free one-year insurance. Together with Toyota, we serve two purposes: giving an excellent deal and doing our share in saving the environment,” said PSBank Senior Vice President and Marketing Division head Emmanuel A. Tuazon.

“Partnering with PSBank to make HEVs more accessible to Filipinos is an exciting feat for us at Toyota. With the special offer, we hope to encourage more people to live a more sustainable lifestyle on the road, one hybrid ride at a time,” said Toyota Motor Philippines First Vice President for Marketing Division Sherwin Chua-Lim.

Check the full details and mechanics here.

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