PBCOM Auto Loan

  1. #18731
    Tina Member

    PBCOM Auto Loan

    PBCOM Auto Loan lets you purchase the following vehicles for personal or business use:
    – Brand New Vehicle
    – Second-hand/Used Vehicle (for PBCOM depositors only)
    – Reimbursement of Brand New Vehicle

    Eligibility Requirements:
    • 21 to 65 years old (Applicant must not be more than 65 years old upon loan maturity)
    • Filipino Citizen, Foreign-based Filipino, or Foreign Citizen residing in the Philippines
    • Individuals who are Salaried, Self-employed and Professionals
    • Minimum Gross Monthly Family Income of Php40,000 (for acquisition of Brand New Vehicle)
    • Minimum Gross Monthly Family Income of Php50,000 (for acquisition of Second-hand/Used Vehicle)

    PBCOM Auto Loan Requirements:
    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

    Interest Rates:
    • Up to 80% of the Suggested Retail Price of the Brand New Vehicle
    • Up to 70% of the Appraised Value of the Second-hand/Used Vehicle

    Processing Fee:
    • PHP 1,500.00 for Used Vehicle

    • 12 to 60 months for Brand New Vehicles*
    • 12 to 48 months for Second-hand/Used Vehicles**

    *5-year term applicable for Brand New Vehicles only.
    *Loan Term for Second-hand/Used vehicles vary depending on the year model of the vehicle.

    Mode of Payment:
    Post Dated Checks or Automatic Debit Arrangement

    Terms and Conditions:
    Loan Amount:
    Minimum of Php200,000
    Maximum of Php10 million

    Other Products:
    – PBCOM Deposits
    – PBCOM SME Loans
    PBCOM Home Loan
    PBCOM Personal Loan

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