Plantersbank Auto Loan

  1. #18751
    Tina
    Tina Keymaster
    Reply

    Plantersbank Auto Loan

    Plantersbank Auto Loan is a credit facility intended for aspiring and existing car owners to support various car financing needs.

    Available nationwide, Plantersbank Auto Loan can be used to:

    • Purchase a brand new or pre-owned car
    • Get a cash loan with an existing car as collateral

    Eligibility Requirements:

    Employed:
    • At least 23 years old but not more than 65 years old upon loan maturity
    • Permanent employee for at least 1 year with the current employer or total continuous work experience of at least 2 years (if less than 1 year with current employer)
    • With at least a gross monthly salary of PHP 20,000.00 (single or combined)
    • Preferably employed in the Top 12,000 corporations in the Philippines, in known companies or in Plantersbank’s SME clients

    Self-Employed:
    • At least 23 years old but not more than 65 years old upon loan maturity
    • Has a business in existence for at least three (3) years
    • Gross monthly sales of at least PHP 20,000.00
    • Business must be in the list of top 12,000 corporations, known companies or Plantersbank’s SME clients

    Document Requirements:

    Employed:
    • Fully-accomplished and signed Plantersbank Auto Loan application form
    • Certificate of Employment
    • Commission Record or Payslip for the last 3 months (if with regular commission)
    • Latest Income Tax Return – W2 form (Mandatory-BSP Requirement)

    Self-Employed:
    • Fully accomplished and signed loan application form
    • Latest Income Tax Return – W2 form (Mandatory-BSP Requirement)
    • DTI Registration
    • Audited and In-House Financial Statements for the last 3 years
    • Photocopy of Passbook or Statement of Account (for the last 3 months)

    Corporate:
    • Fully accomplished and signed loan application form
    • Photocopy of business registration papers
    • Articles of Incorporation & By-Laws
    • Board Resolution
    • Bank Statements for the last 6 months
    • Latest Income Tax Return – W2 form (Mandatory-BSP Requirement)

    OFWs:
    • Fully accomplished and signed loan application form
    • Certificate of Employment with Consul authentication (for Land-based OFWs who are direct hirees)
    • Contract of Employment with POEA Certification (for Land-based and Sea-based OFWs who are agency-hired)
    • Proof of Remittance or Bank Statement (for the last 3 months)
    • Special Power of Attorney (duly signed and notarized)

    Interest Rate:
    Down payment as low as 20% of the vehicle’s selling price or market value

    Loan Tenure:
    Either 12, 18, 24, 36, 48, or 60 months

    Mode of Payment:
    Via PDCs or automatic debit against Plantersbank deposit account

    Terms and Conditions:
    Minimum Loan Amount: PHP 100,000.00, depending on your car financing requirements.

    Advantages:
    • Wider acceptability of vehicles (as old as 5 years)
    • Flexible installment payment terms up to maximum of 5 years
    • Affordable amortization with Plantersbank’s friendly interest rates

    Other Products:
    – Plantersbank HandyCredit Personal Loan
    – Plantersbank HandyCredit Entrepreneur’s Personal Loan
    – Plantersbank HandySalary
    – Plantersbank Auto Loan
    – Plantersbank Home Loan
    – Plantersbank Deposits

Viewing topic 1 of 1 total

Reply To: Plantersbank Auto Loan

+ 61 = 67