Metrobank Car Loan Philippines

  1. #16591
    Maverick Keymaster

    Metrobank Car Loan Philippines

    Through Metrobank Auto Loan, you may avail of any brand new vehicle so long as it is not China-made. This includes:

    * Passenger Cars
    * Passenger Vans
    * Light Comm’l Vehicles
    * Sports Utility Vehicles
    * Asian Utility Vehicles

    Metrobank Car Loan Requirements:


    * You have a stable repayment source that can provide steady, regular and sufficient income to
    cover for the required monthly amortization of the loan
    * Has the legal capacity to contract obligations
    * At least 21 years old, not to exceed 65 years old upon loan maturity
    * If your residence is rented, you have occupied the residence for at least 5 years and you have a landline
    * If salaried, you have been employed for at least 2 yrs as a permanent employee

    * Signed car loan application form
    * Valid Government-issued ID
    * SIRV/I-Card/ACR (for Non-Filipino applicants)
    * Latest Income Tax Return (ITR)* or certificate of employment with details on salary, position, and length of service (with contact number of the company’s HR)

    * Signed car loan application form
    * Valid Government-issued ID
    * SIRV/I-Card/ACR (for non-Filipino applicants)
    * Other Bank’s Statements or Latest Income Tax Return (ITR)*
    * Audited Financial Statements
    * DTI Certificate of Registration of Business / Trade Name or Business Permit
    Note: ITR needed only if total loans with Metrobank exceeds P3MM


    Minimum of 12 months and a maximum of 60 months

    Mode Payment:

    Auto Debit Arrangement (ADA) or Post-Dated Checks (PDC’s)

    Terms & Conditions:

    You can borrow a minimum of Php250k and a maximum of 80% of the net selling price.
    Note: Downpayment should be at least 20% of the net selling price

    The loan is repaid in uniform monthly amortization payments, paid in arrears (1 month after loan is booked).

    Interested to apply for a car loan? Call eCompareMo today and let us assist you through the process.

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