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 |