Requirements:Mitsubishi, Nissan, & other leading brands)
2. Photocopy of OR / CR
3. Statement Account (SOA) from Financing Company Bank
4. Stencil of Motor and Chassis No. from LTO (blue form)
5. Original Community Tax Certificate (Cedula) and TIN
6. Usual requirements if the client is employed, with business,
OFW/Beneficiary, Seaman/Allottee or Doctor
| VALUATION OF VEHICLES | : | 50-70% of vehicles market value |
| COLLATERAL | : | - Deed of
undertaking (Undertaking to submit OR/CR and original cancellation of mortgage) - SPA to authorize to get original OR/CR and cancellationof mortgage - Chattel Mortage - Post Dated Checks (PDC) - Original OR/CR (after maximum of 15 days) |
| INTEREST RATE (Add-On) | : | 3% per month |
| PROCESSING FEE | : | 5.5% of amount financed |
| TERMS | : | 3-9 months |
| PROCESSING TIME | : | 3-5 working days |
