Motorcycle Loan
Ride the big bike of your dreams with low-rates, fast approval, and flexible payment terms.
Overview
We’re now offering a Motorcycle Loan to our valued customers and borrowers with good records! Apply for a high-end Motorcycle Loan that suits your lifestyle with flexible payment terms and fast approval. You can use this loan for big bike brands such as:
- BMW
- Ducati
- Harley Davidson
- Honda
- Kawasaki
- Suzuki
- Yamaha
- KTM
- MV Agusta
400cc and up models only. Minimum SRP: PHP300,000.
Is Motorcycle Loan not quite what you’re looking for? Take a look at our Car Loan if you opt to buy a car instead.
At a Glance
| Loan Amount | Brand new: up to 70% of purchase price |
| Payment Terms | Maxiumum of 36 months term |
| Down Payment | As low as 30% of purchase price |
| Approval Time | 1 banking day* |
| Payment Method | Auto-Debit Arrangement |
*from receipt of complete application form and requirements
Brand New Motorcycle Loan Rates
| Term | Add-On Rates (Net) In Arrears | With One Month Advance |
| 12 | 8.00% | 6.80% |
| 18 | 12.01% | 10.72% |
| 24 | 16.96% | 15.57% |
| 36 | 26.05% | 24.49% |
Requirements
Documentary Requirements
Application Forms: Auto Loan Application Individual and Sole Proprietor
A. Individual
- Complete filled out and signed Auto Loan Application Form
- Clear copy of valid government-issued ID
- Latest BIR Form 2316 or 3 months pay slip or Certificate of Employment (COE) / Employment contract for OFW
B. Corporate
- Latest BIR Form 1701
- Latest copy of Audited Financial Statement, Certificate of Registration, SEC, GIS, Articles of Partnership/Incorporation, By-laws Company Profile
- Certificate of Business Registration with DTI or Business Permit or SEC
- List of Suppliers & Trade References with contact information
Eligibility Requirements
A. FOR INDIVIDUALS
- Filipino citizens who are residents of the Philippines; or Foreign citizens residing in the Philippines, provided, accompanied with a positive endorsement from the company he is affiliated with & a qualified Filipino citizen guarantor or co-maker in place, or
- Filipino citizens who are residing outside the borders of Philippines, provided with qualified Filipino citizen guarantor or co-maker in place.
- Age must be 21 years old but not more than 65 years upon final maturity of the loan.
- Currently employed or a permanent/regular employee of a reputable institution