Auto Loan PH

Frequently Asked Questions (FAQs)
1. What type of Auto Loans do you offer?
We can finance 60-75% of the fair market value of the 2nd hand vehicle (car, van or bus) you wish to purchase
We can finance up to 80% on your purchase of any mainstream model brand new car
We can refinance 60-70% the fair market value of your existing vehicle (vehicles OR CR only as collateral for cash loan)
2. What kind of vehicles are acceptable?
Locally distributed brand new vehicles
Locally distributed second hand vehicles (2005 up)
3. What is the minimum value of unit that is acceptable? What are the terms?
Minimum Vehicle fair market value of P300, 000 and 2010 model
4. Who is eligible to get an Auto Loan?
You should be between 21 to 65 years old, Filipino, with combined spouses income (if applicable) of at least PHP 25,000 for second hand vehicles and P40,000 for brand new vehicles. Foreign nationals married to Filipinos, or business entities like partnerships or corporations are likewise eligible.
5. What do I need to submit when I apply for an Auto Loan?
Local employment - certificate of employment, 1 month latest payslip, ITR
OFW Seaman, Land Based or Direct Hire - Latest contract, Proof of remittance or allotment documents
Commissioned Based - Proof of commissions Earned, 3 months latest bank statement, Agents Accreditation / Certification from Company
Business owner (sole prop. or partnership) - DTI / Business Name, 3 months latest bank statement, ITR with Financial Statement
Corporations - 3 months latest bank statement, SEC registration, Articles of Incorporation, ITR with Financial Statement
6. How long is the Approval Period?
24 to 48 hours once complete application form and requirements are submitted
7. What is the total turnaround time for my Auto Loan to be released?
For refinancing ( OR CR as collateral) is around 8 days.
For purchase of second hand around 10 days. (a bit longer due to inclusion of transfer to new ownership)
For brand new purchase, around 72 hours and depending on the unit availability at the Dealership.
But seek first his kingdom and his righteousness, and all these things will be given to you as well - Mat 6:33

Units For sale as of today:

2014 Montero Sport Gls V A/T Red 948k
2015 Montero Sport GLX A/T Black 938k
2014 Montero Sport GLX A/T Black 898k
2015 Montero Sport GLX M/T Silver 898k
2012 Montero Sport GLX M/T Gray 698k
2015 Toyota Fortuner V A/T Gray 1.098M
2014 Toyota Fortuner V A/T White 1.068M
2014 Toyota Fortuner G A/T Dark Steel 998k
2015 Toyota Innova G A/T Diesel 898k
2016 Hi ace Grandia GL M/T Pearl white 1.398M
2015 Hyundai Santa Fe A/T White 1.150M
2014 Hyundai Santa Fe A/T White 1.050M
2013 Ford Everest Limited A/T Blue 798k
2011 Kia Carnival Ex A/T White 738k
2015 Kia Sorento A/T Diesel 898k
2013 Kia Sorento A/T Diesel 838k
2015 Kia Sportage Ex Gas A/T 738k
2012 Kia Sportage Ex Gas A/T 658k

Some of our Happy Clients =)

(posted with previous permission)