CBC bundles credit, insurance to ease car ownership costs

Chinabank is making car ownership more affordable with its AutoPlus Bundle Promo, offering free first-year comprehensive car insurance, low interest rates, and waived chattel mortgage fees until August 15, 2026. 

The bundle slashes the steep upfront cash outlays that usually stall Filipino car buyers. For example, a borrower purchasing a P1.25 million vehicle with a P1 million approved loan saves nearly P29,000 on first-year insurance alone, on top of thousands more from waived chattel fees and reduced interest rates. Over a term of up to 60 months, these consolidated promotional perks translate to substantial long-term value, allowing a borrower to save up to P300,000 for a P1 million loan.

Meeting the needs of Filipino car buyers

The launch of this promotional campaign comes at a critical time for Filipino consumers, who are increasingly balancing a strong desire for personal mobility against the realities of inflation and elevated costs.

"Purchasing a new car is a major milestone, but the initial out-of-pocket fees can feel overwhelming," said Chinabank Consumer Lending Group Head Antonio Jose Dominguez. "With this promo, we took the heavy lifting out of the initial payment phase. These savings extend the magic of owning a new car for our clients."

According to the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association, vehicle sales fell 15.7% year-on-year in May 2026 as local buyers adjusted their household budgets. Despite these headwinds, consumer demand remains resilient, driving a 23.8% month-on-month sales recovery from April as families continue to value vehicle ownership.

Supporting sustainable travel

Data shows that purchasing preferences of local drivers are undergoing a major shift toward sustainable travel. Driven by a desire to lower long-term fuel expenses and reduce environmental impact, Filipino buyers pushed electric and hybrid vehicle sales up by 133.5% during the first five months of the year.

This consumer shift aligns with Chinabank's strong support for green technology. By making eco-friendly models more accessible, the bank aims to help car buyers lower both their initial acquisition expenses and their long-term environmental footprint. 

Terms and eligibility

To qualify, applicants must avail of a minimum AutoPlus Loan amount of P500,000—for the purchase or reimbursement of brand-new vehicles for personal use—bundled with a Chinabank Credit Card and comprehensive insurance through Chinabank Insurance Brokers. The promo runs until August 15, 2026, with a final booking deadline of August 31, 2026.

Apply now at any CBC branch, mall booth, or online.