Electric Bike Loan

Electric Bike Loan Details
Loanable Amount Amount financed (Suggested retail price minus down payment)
Interest Rate 2.5% per month (Diminishing)
Loan Term Maximum of 24 months (2 years)
Collateral Electric Bike
In Case of Default Unit will be repossessed upon default in payment
Processing Time Depends on the completion of requirements and approval
Eligibility Requirements At least ₱1,000 in savings
At least ₱2,000 in share capital
Insurable Age Up to 69 years old
Cash-Out ₱ 10,000 All In