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