Kotse Loan
-It is a loan that offers options for clients interested on purchasing new/second-hand units with affordable monthly interest payments giving our clients the luxury of getting their desired units.
TARGET CLIENTS:
Individuals who has a REGULAR MONTHLY INCOME can be private or government employee.
Business Owners
Loan Amount: Maximum of 70% of the selling price or unit price
Term: 6 mos.- 2 years
Mode of Payment: Monthly
Requirements:
1x1 or 2x2 picture
1 valid photo bearing ID
Picture of the Vehicle
Chattel Mortgage duly signed by the client
Life Insurance
Vehicle Comprehensive Insurance
Proof of 30% downpayment
Signed Deed of Sale and Encumber Certification of Registration (after it has been processed)
Vehicle appraisal report
Any Proof of Income
Statement of Account showing repayment or payments it can either (Post Paid plan billing payments, credit card billing payments, loan amortization payments, insurance payment)