Guide on How Much Is the Required Income Under PNB Auto Loan
PNB AUTO LOAN – Here is a guide on how much is the required income under the auto loan offer of the Philippine National Bank.
Do you have the car you want to purchase in mind but your pocket is saying no? You may need to consider some options that are around you. Nowadays, it is possible to get a car without paying for it in full.
A lot of banks now got auto loans that can assist you in purchasing your dream car. Most offers are open for both brand new and pre-owned vehicles.
The Philippine National Bank or more commonly called as PNB is one of the banks with the said offer. The said loan offer is open for individuals who are:
- Filipino citizens or foreigners based in the Philippines
- between 21 to 65 years old
- not more than 65 years on the maturity of the loan
- employed or self-employed
Most loan offers got an income requirement in applying. With regards to PNB Auto Loan, based on an article on eCompare Mo, to be eligible, the applicant must be earning at least Php 600,000.00 annually.
Do you want to know the loanable amounts under the said offer? It may vary depending on the type of vehicle and as well as the approval of the bank. Feel free to visit – PNB AUTO LOAN: Minimum & Maximum Loanable Amounts.
The loan can be repaid for up to sixty (60) months for brand new vehicles. With regards to the pre-owned cars, the following are the maximum loan terms:
- 1-3 year old cars – 48 months
- 4-year-old car – 36 months
- 5-6 year old cars – 24 months
- 7-year-old car – 12 months
Do you want to apply for the said PNB loan? For a guide on the process and the documents that you need to prepare, you may visit – PNB AUTO LOAN – How To Apply & Requirements To Prepare.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: PNB LOANS – List of PNB Loan Offers & the Requirements in Applying