Have your additional reconditioned truck
or additional revolving capital for your business.
Have your additional reconditioned truck or additional revolving capital for your business.
ELIGIBLE BORROWERS
Businessman (individual) or under Corporation (business Entity)
- Applicant should be self-employed at least 24 months of continuous profitable operation.
- Age of borrower from 21 years to 60 years at the time of loan maturity. In excess of 60 years, 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 |
Acceptable collateral:
Isuzu / Fuso / International Harvester Brand
- Cargo / Dropside / Flat Bed
- Aluminum Van / Wing Van
- Dump Truck
|
- Tractor Head
- Boom Crane
- Stake Body
|
Rates and Terms:
SPECIAL RATE
FOR 4W & 6W TRUCK
TERMS
|
AOR
|
| 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 |
FOR 10W TRUCK
TERMS
|
AOR
|
| 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 |
SPECIAL RATE is applicable to A1 client/borrower based on track record with FFC or other banks / financing companies
REGULAR RATE
FOR 4W & 6W TRUCK
TERMS
|
AOR
|
| 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 |
FOR 10W TRUCK
TERMS
|
AOR
|
| 12 MONTHS |
16.0% |
or |
1.333% per month |
| 18 MONTHS |
25.0% |
or |
1.388% per month |
| 24 MONTHS |
33.0% to 37.0% |
or |
1.375% to 1.541% per month |
| 36 MONTHS* |
49.5% to 55.5% |
or |
1.375% to 1.541% per month |
MINIMUM RATE FOR RE-FINANCING/DIRECT LOAN FOR 24 MONTHS
TERMS
|
AOR
|
| 24 MONTHS |
33.0% |
Requirements (all photocopy)
Individual:
|
Corporation:
|
- Business Name
- Three (3) months Bank Statement
- One (1) month Invoice / Billing
|
- SEC Registration (Cert. True Copy from SEC)
- Article & By-Laws (Cert. True Copy from SEC)
- Annual GIS (Cert. True Copy from SEC))
- Secretary’s Certificate / Board Resolution
|
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.
