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Expanded Motor Loan (Consumer Loans)

A collateralized loan offered to both salaried individuals and entrepreneurs with available car (Sedan, SUV, AUV, Pick-up and Van) or motorcycle to offer as collateral. The unit must be owned by the borrower and shall serve as collateral for the loan.

Features:

 

Motorcycle (Class A)

Car

Loan purpose

Multi - purpose

Multi - purpose

Loan Amount

P10,000 to P50,000

P50,000 – P500,000

Interest rate

 

 

2.00% add on per month, for first time borrower

 

1.75% add on rate, for regrant

 

 

 

 

2.00% add on per month, for first time borrower

 

1.52% add on rate, for regrant

 

Term of Loan

Will depend on the age of the unit

 

Will depend on the age of the unit