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Car Repair

Requirements

  • Loan application approve by the HR
  • Acquisition of brand new or second hand motorcycle, tricycle or car
  • Quotation from the Dealer
  • Letter of Intent from Seller (if vehicle is 2nd hand)
  • No offsetting of other loans
  • Check is payable to the Dealer or Seller
  • In good credit standing

Eligibility

Company’s loan eligibility will prevail

  • Maximum Loan Amount: Php 149,999
  • Maturity: 2 years
  • Loan Entitlement: 5x of Share Capital
  • Minimum Share Capital: Php 5,000
  • Interest Rate: 0.82% per month
  • Service Fee: 0.5% of loan or Php 100 which ever is higher
  • Capital Build Up: 2.5% of loan amount
  • Renewal Period: None

Processing time

Seven (7) working days from date of receipt from the company HR