Guide on Monthly Amortization Under the Bank Of Commerce Auto Loan
BANK OF COMMERCE AUTO LOAN – Here is a guide on how much you must pay monthly under this loan offer of the Bank Of Commerce.
Having your own car, you can get to your target destination at your pace and at the time you wanted. You can come up with ways to evade traffic while enjoying the comfort of being at your own vehicle.
These are just few of the reasons why many people really save up to buy a car. The truth is you don’t actually need to wait to be able to save a large amount of money for the car purchase. You may apply for a bank loan to get your dream car.
One of the banks that has the said offer is the Bank of Commerce. It is open for the purchase of brand new vehicles. You can apply, get approved, and start enjoying the benefits of having your own car while paying for it in light installments.
Under the said auto loan offer, you can pay for the borrowed amount from one(1) year to five(5) years. The offer is open for employed and self-employed individuals and as well as corporations or partnerships.
Do you want to know how much you can borrow under this offer and the requirements needed in applying? You may visit – BANK OF COMMERCE AUTO LOAN – How Much You Can Borrow Under this Loan.
The Bank of Commerce has provided an online calculator so aspiring clients will know how much they must pay monthly under the Bank of Commerce Auto Loan. It will depend on the selling price of the car, the loan term, and the downpayment. If you want to check on your possible monthly amortization, you must prepare the following information:
- Vehicle Price
- Loan Term (12, 18, 24, 36, or 60 months)
- Downpayment
- Gross Monthly Income
The online calculator will provide you with the possible downpayment, financed amount, monthly amortization, and maximum loanable amount. You may visit – https://www.bankcom.com.ph/personal/loan-products/auto-loan/.
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: BANK OF COMMERCE LOANS – List of Bank of Commerce Loan Offers