Get Ready for the New School Year with Public Bank’s Back to School Vehicle Financing Promotion!
The back-to-school season is not just about shopping for school supplies; it is also the perfect time to consider upgrading to a new vehicle. Public Bank is making this transition easier with its PB Back to School Campaign, offering customers attractive financing options when they bundle their vehicle financing with other banking products. This promotion runs from 1 February 2025 to 30 June 2025, giving you ample time to explore and secure a great deal on a new or used vehicle.
Why Take Advantage of This Deal?
Purchasing a vehicle is a significant investment, and with rising costs, finding the right financing option is crucial. Public Bank’s promotion offers preferential interest rates, a hassle-free application process, and flexible financing terms, making it an ideal choice for families, professionals, and individuals looking to upgrade their ride.
Moreover, customers who opt for this promotion will receive a special sign-up gift, adding more value to their purchase. However, the gifts are available only while stocks last, so early application is recommended.
Who is Eligible?
This promotion is open to both new and existing Public Bank customers who are looking to purchase a new, newly registered reconditioned, or used passenger vehicle. To qualify, customers must apply for a Hire Purchase (HP) Financing plan from Public Bank and buy their vehicle from a Public Bank Panel Car Dealer (PCD).
Additionally, customers must bundle their vehicle financing with at least one of the following products:
- Deposit Account/Standing Instruction (for payment of the new HP account)
- Credit Cards
- Bancassurance – HP Life
- Motor Insurance
- Wealth Management Products
By opting for this bundling approach, customers enjoy more competitive interest rates and additional financial benefits.
Key Benefits of the PB Back to School Campaign
Public Bank offers some compelling benefits under this campaign, making it an attractive choice for vehicle financing:
- Preferential Interest Rates: Get better financing rates compared to standard hire purchase plans.
- High Margin of Finance: Enjoy up to 90% financing of the vehicle’s on-the-road price.
- Flexible Repayment Period: Choose a repayment tenure of up to 9 years, allowing you to manage your monthly instalments more comfortably.
- Fast Approval Process: Reduce waiting time with Public Bank’s streamlined approval system.
- Hassle-Free Application: The application process is simple and efficient, ensuring a smooth experience.
- Exclusive Sign-Up Gift: Get a reward for signing up (while stocks last).
How to Apply?
Applying for the PB Back to School Campaign is straightforward. Here’s how you can get started:
- Visit any Public Bank HP Centre/HP Hub.
- Choose your desired vehicle from a Public Bank Panel Car Dealer.
- Apply for Hire Purchase financing.
- Bundle your financing with at least one eligible banking product.
- Submit your application before 30 June 2025.
- Ensure your financing is approved and disbursed by 31 July 2025.
If you meet the eligibility criteria, you will be able to take advantage of the campaign’s special rates and offers.
Things to Keep in Mind
While this campaign provides great benefits, there are a few important aspects to note:
- The campaign applies only to newly onboarded HP applications submitted during the campaign period.
- Used vehicles must not be more than 7 years old, based on the year of manufacture.
- Approval is subject to Public Bank’s internal credit policy.
- Sign-up gifts are limited and subject to availability.
- Interest rates may be reviewed monthly based on changes in the Overnight Policy Rate (OPR).
Why This Deal is Worth Considering
For families preparing for the new school year, having a reliable vehicle is essential. Whether it’s for school runs, weekend activities, or daily commutes, the PB Back to School Campaign makes owning a car more affordable and accessible. The flexible financing terms mean that customers can structure their repayments to fit their budgets, while the preferential interest rates ensure they get the best possible deal.
Additionally, bundling vehicle financing with other banking products helps streamline financial management. With deposit accounts, credit cards, and insurance products tied into the financing plan, customers can enjoy convenience and added security in their financial planning.
For those looking to upgrade their ride without breaking the bank, this promotion is an opportunity not to be missed.
Promotional/Event Details:
- Date: 1 February 2025 – 30 June 2025
- Time: During operating hours
- Venue: Public Bank HP Centres/HP Hubs nationwide
For more details, visit: Public Bank Website
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