Terms and Conditions of the Go!Motorsiklo Loan Promo
By applying and/or availing of the Go!Motorsiklo Loan, customer hereby agrees to the opening of an RRewards savings account and to the net cash credit of Php100.00, subject to the following terms and conditions herein:
- Promo period is from May 10, 2023 to Dec 31, 2023
- All qualified clients are entitled to the promo. No registration required.
- Eligibility: All new and existing Robinsons Bank clients:
- who are residents of the Philippines;
- with approved Go!Motorsiklo Loan application processed via Robinsons Bank’s eMCDO system within the promo period; and have no existing RBank Current/ Savings Account upon Go!Motorsiklo Loan acceptance
- Qualified Go!Motorsiklo Loan clients are automatically given an RRewards savings account where the net cash credit of Php100.00 shall be deposited. RBank will shoulder the 20% withholding tax for cash credit. For this purpose, qualified Go!Motorsiklo Loan clients hereby consent and authorize RBank to perform all acts necessary and indispensable to open a RRewards savings account under the client’s name using the information disclosed during loan application.
- The RRewards savings accounts shall be governed by the Terms, Conditions, And Agreements For Opening Of Account/Placement/Investment and shall have the following features:
|Maintaining Balance||No maintaining balance|
|Initial deposit||Php 100 within 30 days|
|Interest Rate||0.1% pa|
|Balance to earn Interest||Php 10,000|
*Standard bank fees shall apply.
- To view the cash credit, qualified Go!Motorsiklo Loan clients are required to enroll newly opened RRewards savings account to the mobile digital service of RBank also known as “RBank Digital” or “RDX”.
- Clients will be able to receive notifications via SMS to their registered mobile numbering informing them that a new savings account was opened and the Php100.00 initial deposit was credited to the account. The notice shall include the instruction to in RBank Digital to view account details
- The newly opened account may also be used to set up automatic debit arrangement for monthly settlement of dues. Please contact the Account Officer to set up.
- Deposit account can only be closed after 30 days from account creation. Early closure fee shall apply.
- Corporate / Business customers are not eligible for the promo.
- RBank reserves the right not to open an account or deposit the net cash credit to the account should it be proven that the approved Motorcycle Loan application is not valid and unique.
- In case of disputes regarding customer's eligibility for the promo, coverage of dates, fulfillment, RBank’s decision, in concurrence with the DTI, shall prevail.
- RBank reserves the right to close the account and refuse the crediting of Php100.00 for loan applications that are proven to be invalid, fraudulent and/ or cancelled Go! Motorsiklo Loan booking.
- Failure to comply with any of the requirements or the terms and conditions herein will have the customers forfeit cash credits with prior approval from the DTI-FTEB.
- This promo is subject to the Terms and Conditions on the use of eMCDO System and the Terms, Conditions, And Agreements For Opening Of Account/Placement/Investment, including the Bank’s Privacy Consent and Notice (PCN).