Auto Loan
Requirements
- Acquisition of brand new or second hand motorcycle, tricycle, car
- Duly filled-up loan application
- Endorsement of Payroll & HR
- Quotation from Dealer
- Notarized Letter of Intent from Seller (if vehicle is 2nd hand)
- No offsetting of other loans
- Check is payable to dealer or seller
Eligibility
Company’s loan eligibility will prevail.
- Minimum loan amount: Php 150,000.00
- Maximum Loan Amount: Php 400,000
- Maturity: 4 years
- Loan Entitlement: 3x of Share Capital
- Minimum Share Capital: Php 500,00
- Interest Rate: 0.82% per month
- Capital Build Up: 2.5% of loan amount
- Renewal Period: None
Processing Time
Two weeks from date of receipt from the company HR
Eligibility for renewal
100% paid