MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. has been named as one of Tesla’s preferred financing partners in the Philippines, powering the carmaker’s drive toward sustainable mobility.
As Tesla prepares for its much-anticipated entry into the Philippine market, RCBC is rolling out a fully digital auto loan application process. This would enable Filipino drivers to easily finance the cutting-edge Model 3 and Model Y in various trims.
“As a preferred financing provider of Tesla, RCBC is committed to making sustainable choices more accessible by integrating a digital-first approach in EV financing,” said RCBC executive vice president and chief innovations and inclusion officer Lito Villanueva.
“This collaboration represents our mission to promote environmental responsibility through innovative financing solutions,” he said.
Through RCBC’s all-digital system, Tesla customers can enjoy a streamlined loan application experience with approvals possible within a day.
Accessible via the RCBC website, the platform allows users to explore flexible financing options and calculate real-time monthly payments based on their selected Tesla model, loan term and downpayment.
In the coming weeks, RCBC will also launch a dedicated Tesla Auto Loan microsite, designed to provide a seamless and user-friendly experience with any Tesla purchase.
The bank’s financing package for Tesla includes competitive rates and flexible terms ranging from 12 to 60 months, allowing customers to tailor their payment plans to suit their preferences and needs.