AUTO LOAN
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and download the Application Form
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E-mail filled-up application form
and documents required to :
Please contact:
Please contact:
Jun at: 7033556
Ellen at: 8756516
Smart: 0908-8160619
Globe: 0927-6354724
Sun: 0922-2879017
for further details.
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AUTO LOAN
| Purpose |
- Purchase of brand new or second hand cars
|
| Eligible Borrowers |
- Borrower must be at least 21 years of age
- Individuals aged 21 years but should not be more than 65 years old at the time of loan maturity
- Partnership and Corporations
|
| Term of loan | The maximum term of the loan shall be 60 months
For Second-Hand Vehicles
- 1-year old vehicles – 36months
- 2-3-years old vehicles – 24 months
|
| Collateral |
|
| Loanable Amount |
- Minimum amount of loan shall be P400,000.00.
- Maximum loanable amount shall be as follows:
a. For Brand New/Refinanced Vehicles – up to 80% of the cash list or purchase price
b. For Second-Hand Vehicles – up to 50% of the appraised value
|
| Interest Rate |
| In Arrears | One Month Advance |
|---|
| 12 Months | 6.55% | 5.67% |
| 18 Months | 9.60% | 8.65% |
| 24 Months | 14.10% | 13.06% |
| 36 Months | 21.96% | 20.76% |
| 48 Months | 32.64% | 31.21% |
|
| Repayment Scheme |
- Equal monthly amortization
|
| Mode of Payment |
- Payments can be made via Automatic Debit Arrangement and Post Dated Checks
|
| Insurance |
|
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