Vehicle or Motorcycle Loan:
Minimum of 15% down payment for motorcycles and 25% down payment for cars used for personal/private purposes and 30% down payment for tourist / commercial purposes.
2 years maximum term for motorcycle (All-in) 5 years maximum term for cars (All-in)
TERM | Interest Rate per annum | |
Private/Personal Use | Tourist/Commercial Use | |
1 Year | 9.00% | 11.00% |
2 Years | 9.50% | 11.50% |
3 Years | 10.00% | 12.00% |
4 Years | 10.50% | 12.50% |
5 Years | 11.00% | 13.00% |
Requirements for OL-SF Vehicle: | ||||
1. Price Quotation from car company | ||||
2. Cedulla | * 1 LONG BROWN ENVELOPE | |||
3. Proof of Income | ||||
4. Latest ITR/FS | ||||
5. Payslip/Payroll | ||||
6. Business Permits/Employment Contract | ||||
7. Bank statement/Remittance Slips | ||||
8. Photocopy of 2 Valid IDs | ||||
9. Photocopy of Valid ID of Spouse (if applicable) | ||||
10. 2×2 ID Picture of Borrower | ||||
11. 2×2 ID Picture of Spouse (if applicable) | ||||
12. Proof of Billing | ||||
13. Marriage Contract (if applicable) |