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AUTO LOAN 2021 Promotion - Half Page Star
Auto Loan Campaign Rules 

THE PROMOTION

  • This promotion shall span the period June 15 to December 31, 2021.
  • All loans for vehicles 2011 and newer assessed under existing COK’s processing guidelines, disbursed between June 1, 2021 and December 31, 2021 shall be eligible for entry in the competition in both the monthly giveaways as well as the Main Prizes.
  • Competition ends December 31, 2021. Therefore there will be NO monthly draw for loans disbursed after December 31, 2021.
  • Promotion will be advertised via posters, flyers, radio, print and social media.
  • The Promotion will be opened to all eligible COK Sodality members island wide. Non-members may fulfill conditions for membership and COK Auto Loan under existing COK assessment terms, and qualify for entry into the promotion.
  • No entry fee is required.
  • No entry application is required.
  • Monthly draws are slated to take place on the fifth working day of the month following the month of disbursement.
  • Grand draw will take place on the fifth working day following the last monthly draw.
  • Prizes will be disseminated to the winning members’ preferred COK branch.
  • The presentation of prizes will be captured and the images will be used for promotional purposes and placed on various digital platforms. 

PRIZES

Grand Draw:

  • 1st prize: one year’s auto insurance for said vehicle, courtesy of GK Insurance, capped at $200,000.00, to be applied to insurance premium for the new insurance year under GKI.
    • NB! This insurance coverage will be applicable to the subsequent year’s insurance. Therefore the winner MUST make full payment for the first year’s insurance premium. The subsequent year’s premium will be financed by COK under the terms of this competition.
    • This prize MUST be redeemed no later than 30 days after the renewal date of the expired insurance premium associated with the vehicle entered to win the competition.
    • Should the vehicle or member associated with the prize become uninsurable, the member will be issued with the sum of the original premium paid to insure the vehicle associated with the loan. This sum is capped at JMD $200,000.
  • 2nd prize: Tyre Warehouse voucher for car accessories up to a value of $30,000, valid for twenty-four (24) months.
  • 3rd prize: Total Jamaica gas voucher, valued at $20,000, redeemable at any Total Service station island-wide. This prize is valid until the value of the fuel associated is depleted (fully redeemed).

At the end of each of the seven months of the promotion:

  • Three prizes of one Total Jamaica gas voucher valued at $10,000.00 will be awarded. The gas voucher is redeemable at any Total Service station in Jamaica. The voucher is valid until value is depleted. Three winners will be selected, one voucher will be issued per winner.

TO ENTER

  • Member should meet qualifying conditions for the loan and submit loan application with required documents.
  • Once the member meets the requirements for the approval and disbursement, the loan is disbursed, the member will be automatically entered into the competition.

 SELECTION OF WINNERS

  • The monthly competition will close on the last working day of each month and all qualified applicants to which loans were disbursed the preceding month will be entered into the draw.
  • There is no rollover of entry each month. Once a participant is entered in a monthly draw, that individual will not be eligible for any future monthly draw. The participant’s information shall therefore be removed from the database of participants for all subsequent monthly draws.
  • Each month during the promotional period, all qualified members for the preceding month will be eligible for participation in respective monthly draw.
  • For the grand prize, all the entrants in the overall competition, including winners, who participated in the monthly draws will be eligible to enter. All participants will have automatic entry in this pool from which the main prize winners will be selected.
  • Monthly draws will take place at 4:00 p.m., at COK Sodality’s office, 66 Slipe Road, Kingston 5, on the 5th working day after the month of disbursement, starting July 2021:
  • July 7, 2021
  • Aug 10, 2021
  • Sep 7, 2021
  • Oct 7, 2021
  • Nov 5, 2021
  • Dec 7, 2021
  • Jan 7, 2022
  • Grand draw will take place at COK Sodality’s office, 66 Slipe Road, Kingston 5, January 14, 2022, at 3:00 p.m.
  • Winners will be selected via random number generation system.

For the monthly draws:

  • The members associated with the first three numbers selected in the sequence will be deemed winners of the monthly prizes.

For the grand draw:

  • The member associated with the first number selected in the sequence will be deemed winner of the third prize.
  • The member associated with the second number selected in the sequence will be deemed winner of the second prize.
  • The member associated with the third number selected in the sequence will be deemed the winner of the main prize.
  • Winners will be contacted via telephone, between the hours of 9:00 a.m. and 4:00 p.m., at the number provided, no later than one working day after the draw has taken place. A maximum of three calls will be made to each winner each day, for a maximum three consecutive working days. Message will be left on last attempt and member given five working days to contact COK. Failure to do so, the member would have forfeited the prize.
  • If a member is unable to accept prize, same will be retained by COK.
  • Prizes must be claimed within 30 days of the notification of winning.
  • Winners are asked to visit the chosen branch of COK Sodality Co-operative Credit Union Limited and present a valid government of Jamaica issued identification to claim prizes. ID’s considered are as follows: National/voter’s ID, Driver’s License and valid Jamaican Passport.

RULES OF THE PROMOTION

  • Each month during the promotional period, all qualified members for the preceding month will be eligible for participation in respective monthly draw.
  • For the grand prize, all the members who participated in the monthly draw and remain in good standing with the Credit Union will be eligible.
  • Winners should agree to allow use of their names and photographs for the Credit Union’s publicity purposes, at no cost. Failing this, they forfeit their prize.
  • Employees, contractors, volunteers and contracted workers of COK Sodality Cooperative Credit Union and GK Insurance, all advertising and media partners and their immediate family members (spouses/children/siblings) are not eligible for entry.
  • Once received, where possible prizes are transferable. Except for the Main prize of one year’s insurance coverage that Must be applied to the premium associated with the vehicle attached to the winning loan.
  • Prizes cannot be redeemed for cash. Except in the case where the main prize winner becomes uninsurable or the vehicle associated with the winning loan becomes uninsurable under the terms of the associated insurance policy.
  • Participants are able to gain entry in the competition through conducting business at any COK Sodality Cooperative Credit Union branch locations listed below.
  • 66 Slipe Road, Kingston 5
  • Units 9&10, Winchester Business Center, 15 Hope Road, Kingston 10
  • Units 1&2, 8 Mandeville Plaza, Mandeville, Manchester
  • 52 Young Street, Spanish Town, St. Catherine
  • Shop 3 McMaster Center, Portmore, St Catherine
  • 30-34 Market Street, Montego Bay, St. James
  • Shop 7, 19 Main Street, Ocho Rios, St. Ann

 

Authorized under section 58(3) of the Betting Gaming and Lotteries Act.