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ELIGIBLE BORROWERS
Businessman (individual) or under Corporation (business Entity)
- Applicant should be either self-employed with at least 24 months of continuous profitable operation or employed as Senior Officer of Top Corporation or Bank with manager level or higher in a regular or permanent status.
- Age of borrower from 21 years to 60 years at the time of loan maturity.
- Above 60 years old, to submit co-maker preferably one of his/her children.
Amount Finance
Amount finance shall be maximum sixty percent (60%) of the Appraised Value for Direct Loan and maximum of seventy percent (70%) of the Appraised Value for Financing.
Minimum | : P 100,000.00 |
Maximum | : P 2,000,000.00 |
case-to-case basis for more than P2,000,000.00 |
Good Credit Record
Applicant must have a good credit record. Loans with other banks and other financing companies, existing or fully paid, must have at least Gen. Satisfactory and court checking shall be negative.
Acceptable collateral:
Toyota / Mitsubishi / Honda
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Other brand or type of vehicle are case-to-case basis
Rates and Terms:
SPECIAL RATE
2ND HAND CARS ( 3 YEARS OLD ) / Japan Reconditioned SUV
TERMS |
AOR |
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12 MONTHS | 13.0% | or | 1.083% per month |
18 MONTHS | 22.0% | or | 1.222% per month |
24 MONTHS | 29.0% | or | 1.208% per month |
36 MONTHS* | 43.5% | or | 1.208% per month |
SPECIAL RATE is applicable to A1 client/borrower based on track record with FFC or other banks / financing companies
REGULAR RATE
2ND HAND CARS ( 3 YEARS OLD ) / Japan Reconditioned SUV
TERMS |
AOR |
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12 MONTHS | 14.5% | or | 1.208% per month |
18 MONTHS | 24.0% | or | 1.333% per month |
24 MONTHS | 31.0% | or | 1.291% per month |
36 MONTHS* | 48.0% | or | 1.333% per month |
Requirements (all photocopy)
Individual(Single Proprietor): |
Corporation: |
Individual (employed)
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TERRITORIAL LIMITS:
Credit Department will process loan applications within the Metro Manila area as well as outside thereof, provided:
- These locations are easily accessible by means of a direct and regular transport.
- These locations are described by exact sketch and are located within a distance of three hours travel from Makati City.