Car Loan in the Philippines
- Car Model 1991 and above
- Luxury Car 1988 model
- Loanable Amount: 80% of FMV
- Interest: 2-3%
- Term: 3-36 months
Documents to prepare:
- Original Copy of OR/CR upon release; photocopy upon application
- Actual appearance of vehicles upon loan released
- Original CTC (Cedula), TIN w/ proof
- Stencil of motor no. and chassis no. upon application
- Latest picture of the vehicle upon application
- Usual requirements apply if the borrower is w/business, seaman, OFW, doctor or employed
3 Things You Need to Remember to Avoid Paying High Rates for a Car Loan
When you have finally decided to get your dream car, it is high time to get auto loans online. This is a much better option since everything can be processed easily. You don't have to step inside a bank or a firm just to get the loans. Once your auto loans application has been approved, you have nothing to worry anymore. This is true for SimplexLoan. With us, you can get the best results in no time. However, just before you decide to get one, here are 3 things to remember so you won't have to pay high rates for an auto loan:
1. Make sure that you compare and contrast car loan rates. Each online company offers different rates. Thus, you have to ensure that you get one that fits your ability to pay. You must not be burdened by the interest rates or else you won't be able to pay off the auto loan at all.
2. Opt for a used car loan if you wish to spend less. There are used cars that are still working on their optimum. Thus, you can grab the opportunity to apply for this type of loan and not spend much in the end. You can even use a car loan calculator to compare the amount that you will probably save.
3. Look for promotions and discounts. Check if they offer promotions and discounts if you have another account with their partner banks or firms. You can also check if they offer reduced rate if you get online coupons. This will help in reducing your overall payment somehow.
You don't have to spend much for auto loans if you know exactly what needs to be done. In fact, you can even get a better car model if you maximize the car loans that you have taken. Again, just remember to pay everything on time to avoid messing things up. Rest assured, with SimplexLoan, you will be given the best customer service possible.
Also, check our another offer Car Loan Take Out