Car and Truck Loan
| Car & Truck Loan Details | |
|---|---|
| Loanable Amount | Amount financed (Suggested retail price minus down payment) |
| Interest Rate |
Car Loan : 0.82% per month (Diminishing) Truck Loan : 1.5% per month (Diminishing) |
| Loan Term | Maximum of 60 months (5 years) |
| Collateral | OR/CR |
| In Case of Default | Unit, OR/CR, and key will be repossessed upon default in payment |
| Processing Time | Depends on the completion of requirements and approval |
| Eligibility Requirements | At least ₱5,000 in savings and share capital |
| Insurable Age | Up to 69 years old |
| Cash-Out | 20% Cash out - All in |