This document outlines the qualifications and requirements for an auto loan to finance the purchase of a used car in the Philippines. It states that the loan is available for car models 2004 or newer, the applicant must be employed for at least 6 months or self-employed with a registered business for 3+ years, be a Filipino citizen between 21-59 years old, and provide proof of income and identity documents. The listed documentary requirements include identification documents, proof of address and income, vehicle registration documents, and photographs.
1. AUTO LOAN (OR/CR only) and 2nd Hand Car Financing
AUTO YEAR MODELS ACCEPTED
2004 and above year models
QUALIFICATIONS
Must be Employed for more than 6 months
If self-employed – business should be registered and operating for at least
3 years
A Filipino Citizen
21-59 years of age at loan maturity
For 60 years old and above, a co-borrower (59 and below years of age) is
needed.
Must have valid contact numbers.
DOCUMENTARY REQUIREMENTS
Completely-filled up application form
Latest 2×2 picture (3pcs)
Photocopy of 2 valid IDs (Company ID, Passport, Driver’s License, SSS,
etc.)
Proof of Billing (electricity, telephone, water bills)
* Take Note: All Products have additional documentary requirements.
Original copy of OR/CR upon release (photocopy upon application)
Latest picture of vehicle
Stencil of motor number and chassis number (in blue form, 3copies)
Latest original Community Tax Certificate (cedula)
TIN ID or any proof of TIN
Documented Proof of Income
Basic Documentary Requirements