Zero Downpayment, Zero Emission
Exclusively available at FAEV.
Prepare Requirements
See below the Requirements before you fill up the form.
Fill up Application Form
Fill up all information required in the Application Form for faster processing.
Wait for Approval
We process complete application forms in 3-5 days.
* If you’re not qualified for Zero Downpayment, we may be able to offer 20% Downpayment.
Eligibility:
This Zero Downpayment Program is offered by FAEV together with our Bank Partners who are also committed to sustainability by driving electric vehicles.
FAEV Zero Downpayment is subject to our Bank Partner’s Terms and Conditions.
Note that there will be a 30% Residual Value payable at the end of the loan term, which can be extended to up to 36 months subject to bank approval.
Our Bank Partners provide the loan proceeds to FAEV and our Dealer Partner will schedule the delivery of your car.
If you are submitting Application Form and Requirements other than the form below, please only send it to zero@joinfaev.com or sales@electricvehicles.ph.
For employed:
- Filipino Citizen or Dual Citizen
- At least 21 years old upon loan application
- At most 65 years old upon loan maturity
- Must have a mobile number and a residence or office landline
- With a minimum employment tenure of 1 year and minimum gross monthly income of Php40,000
For Self-employed:
- Filipino Citizen or Dual Citizen
- At least 21 years old upon loan application
- At most 70 years old upon loan maturity
- Must have a mobile number and a residence or office landline
- Business must be in profitable operations for the past 2 years
For employed:
- Accomplished Application Form
- Certificate of Employment (COE) or latest ITR
- 2 valid government-issued IDs
- TIN
- Utility Bill
For Self-employed:
- Accomplished Application Form
- Business registration with DTI
- Audited financial statements
- ITR or bank statements
Car Brands Qualified For Zero Downpayment
Contact Us
Join the electrified lifestyle. Contact us if you have inquiries: