Vehicle Loan
Drive Your Dream Car with Ease
Have you been dreaming of owning your ideal vehicle but are held back by financial concerns? We understand that buying a car is not just a purchase; it’s an investment in convenience, comfort, and freedom. Whether you’re looking for a sleek sedan to turn heads, a spacious SUV for family adventures, or a dependable vehicle for your daily commute, our vehicle loan solutions are designed to help make your dream a reality.
Owning a vehicle can open up new opportunities—whether it’s cutting down on travel time, enhancing your lifestyle, or simply enjoying the independence of having your own vehicle. That’s why we’re here to provide you with the financial support you need, so you can stop dreaming and start driving.
Comprehensive Loan Solutions Tailored to You
Our vehicle loan services are not a one-size-fits-all solution. We pride ourselves on offering personalized options that fit your financial needs and preferences. No matter your circumstances, we strive to provide a hassle-free experience to get you behind the wheel as soon as possible.
So, why wait any longer to own the car you’ve always wanted? Let us help you take the driver’s seat and make your journey effortless.
Loan Requirements
- 5% equity of the loanable amount (deductible from loan or add-on to loan)
- Quotation of the Vehicle
- Payee of the check is the vehicle dealer.
- Comprehensive Insurance
- 10.85% per annum diminishing monthly.
- Maximum of 80 months to pay
- Maximum loanable amount is ₱2,000,000
- 1% Service Fee
- FOR BRAND-NEW CARS ONLY
- To accomplish a PROMISSORY NOTE WITH CHATTEL MORTGAGE
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Who can apply for a vehicle loan?
Active cooperative members in good standing with stable income and the ability to meet repayment terms can apply for a vehicle loan.
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Can members with existing loans still apply for a vehicle loan?
Yes, but the total loan amount will depend on your repayment capacity and financial standing with the cooperative.
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How long does it take to process the loan?
The processing time is typically 3-5 business days after submission of complete requirements.
