Car Loan Impounding

VALUATION OF VEHICLES

- model 1994-up maximum
of 70%
- maximum of 700Kor 50%
of selling price for high
end cars.

INTEREST RATE (Add-On)

:

5.5% per month

PROCESSING FEE

:

3%
- P 1,000 storage fee per month
(1 month advance for the 1st month
less to poceeds) (Storage fee to be
paid by client for the succeeding
month)
- P 2K for LTO Verification /
Goodwill Chattel Fee of 2.5%
based on the approved amount

TERMS

:

90 days renewable

PROCESSING TIME

:

2-3 hours depending on the
distance of LTO office