Motorcycle Loan
| Motorcycle Loan Details | |
|---|---|
| Loanable Amount | Amount financed (Suggested retail price minus down payment) |
| Interest Rate | 2.5% per month (Diminishing) |
| Loan Term | Maximum of 36 months (3 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 ₱1,000 in savings At least ₱2,000 in share capital |
| Insurable Age | Up to 69 years old |
| Cash-Out | 5% downpayment + others |