Vehicle Loans

null

Loan Limit: Up to $300,000.00

null

Loan Terms: Repayment Period – 8 years (maximum)

null

Talk to a Loans Officer and find out how you can make your instalments more affordable.

null

New Vehicles 0% downpayment with an interest rate of 0.7%

Roll-On/Roll-Off Vehicles

null

Loan Limit: Up to $180,000.00

null

Loan Terms: Repayment Period – 6 years (maximum).

null

Downpayment: 10% Salary Deduction and 15% Over the Counter or Bank Standing Order.

null

Interest rate of 9%

Second-Hand Vehicles

For used locally purchased or used roll-on/roll-off vehicles, not more than seven years old:
null

Loan Limit and Loan Terms – Same as for Roll-On/Roll-Off Vehicles

For used locally purchased or roll-on-roll -off vehicle more than seven years old please contact us for further details.

Earn dividends on your shares by taking advantage of our flexible down-payment options:

null
Option A – Deposit your downpayment to your shares account and we will apply the down payment towards the purchase of the vehicle, and you borrow the difference.
  • With Option A, you enjoy a lower instalment.
null
Option B – Deposit your down payment to your shares account and borrow the total cost of the vehicle.
  • With Option B, you enjoy the benefit of dividends (interest on your shares), and when your loan is repaid, your shares are released to you.
As a further benefit, the Vehicle Loan can be done to include the Insurance and Legal Fees.

Vehicle Loan Requirements

  • BIR file number
  • Recent payslip – No later than 3 months
  • A pro forma invoice from a registered dealer
  • Full comprehensive insurance for duration of loan
  • Current Credit Report fees – $90.00
  • Recent job letter – No later than 3 months
  • Required down payment.
  • Two valid forms of national identification (must include Driver’s Permit)
  • Processing fees – $500.00

 

Self-Employed Persons
All documents in ‘Requirements’ above, where applicable, as well as the following:

  • Business Registration Certificate

Proof of income i.e., receipts and/or contracts, Bank, or other Financial Institution statements.

For Roll-On/Roll-Off Vehicles 
All documents in ‘Requirements’ above, where applicable, as well as the following:
  • Valuation Report from an approved valuator with photograph of the inside and outside of the vehicle
For Second-Hand Vehicles
All documents in ‘Requirements’ above, where applicable, as well as the following:
  • Agreement of sale
  • Certified copy of ownership
  • Valuation Report from an approved valuator with photograph of the vehicle

Loan Calculator

keyboard_arrow_up
close-link