PBCOM Auto Loan
PBCOM Car Loan reiterates that this is a good time to buy a car with low interest rates, flexible payment terms, and seamless application process. PBCOM is your trusted partner when it comes to car loan. You may apply for a PBCOM auto loan through eCompareMo for a faster loan application process.
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PBCOM Auto Loan
Get The Cheapest Car Loan Rates With PBCOM Auto Loan. Flixible Payment Term, Fast And Easy Application Online! Apply Now!
Overview
- Product Name:
- PBCOM Auto Loan
- Remarks:
- PBCOM Auto Loan
- Minimum Amount of Loan:
- PHP200,000.00
- Maximum Amount of Loan:
- PHP10,000,000.00
- Minimum Loan Tenure:
- 1 years
- Maximum Loan Tenure:
- 5 years
- Early Repayment:
- Vehicle Insurance Included
- No
- Accepts Third Party Vehicle Insurance:
- No
- Accepts Third Party Credit Insurance:
- No
- Does Not Require Credit Insurance:
- No
- Payment Options:
- Application Approval Time:
- Process your Auto Loan in just 3 days
Eligibility and Requirements
- Age Range of Borrower:
- 21-65 years
- Minimum Annual Income:
- PHP480,000.00
- Employment Work Status
- Employed - Private Sector for 1 year
Employed - Government for 1 year
Self - Employed for 2 years
Professional for 2 years
Employed - BPO for 1 year
Employed - OFW/Seafarer for 1 year
- Applicant Must Have A Landline Phone at Home or Office:
- No
- Need to Open Linked Bank Account:
- No
- Guarantor Requirements:
- Collateral Requirements:
Vehicle Types and Loan Purpose
- Eligible Vehicle Types:
- Sedan
Sports Utility vehicle
- Vehicle Loan Proceeds Can Be Used For:
- Purchase of Brand New Car
Reimbursement of Purchased Car
Interest Rates Offered
| Interest for | Fixed Period Interest Rate Per Year: | Effective Interest Rate Fixed Period: |
|---|---|---|
| Interest rate for 1 Year | 10.90% | |
| Interest rate for 2 Years | 11.13% | |
| Interest rate for 3 Years | 9.90% | |
| Interest rate for 4 Years | 10.11% | |
| Interest rate for 5 Years | 10.85% | |
| Interest rate for 1 1/2 Years | 9.88% |
FAQs
What are the general eligibility requirements for PBCom Car Loan?
- Applicant must be 21 to 65 years old (must not be more than 65 years old upon loan maturity), Filipino Citizen, Foreign-based Filipino, or Foreign Citizen residing in the Philippines. For individuals who are salaried, self-employed and professionals, must have a minimum gross monthly family income of PHP 40,000.00 (for acquisition of Brand New Vehicle), and minimum gross monthly family income of PHP 50,000.00 (for acquisition of Second-hand/Used Vehicle).
What are the required documents for PBCom auto loan application?
For Salaried Individuals:
- Filled out and signed application form
- Certificate of Employment with Compensation
- Latest ITR or Form 2316 (photocopy)
- Any two (2) valid government-issued IDs with photo and signature
For OFWs:
- Employment Contract and/or Certificate of Employment
- Proof of remittance for the last three (3) months
For Self-Employed:
- Filled out and signed application form
- Certificate of Business Registration (photocopy)
- List of at least 3 clients and/or suppliers with contact details
- Latest ITR and Audited Financial Statements
- Bank statements for the last three (3) months
- Any two (2) valid government- issued IDs with photo and signature
Additional Documents Needed for Second-Hand/Used Vehicle:
- Certificate of Registration and Official Receipt of the unit being purchased (photocopy)
- LTO Blue Form Stencil
How much can I borrow at PBCom?
- PBCom auto loan offers a minimum amount of PHP 200,000.00 and a maximum loan amount of PHP 10,000,000.00.
What is the minimum salary required for PBCom car loan?
- For acquisition of Brand New Vehicle, the applicant must have a minimum gross monthly family income of PHP 40,000.00, and for acquisition of Second-hand/Used Vehicle, a minimum gross monthly family income of PHP 50,000.00 is required.