Guide on How Much You Must Pay For Monthly Under China Bank Auto Loan
CHINA BANK AUTO LOAN – Here is a guide on how much you must pay for monthly under the car loan offer of China Bank Savings.
Aside from buying a house, another big and practical purchase that you can make is buying a car. Undeniably, it brings a lot of benefits more than just the convenience of riding in a vehicle you can call your own.
By having your own car, you can leave and arrive from or to a certain destination on time. Also, you can secure that you are riding a car with a speed that is within the safe limit. You do not only protect yourself but as well as your family and loved ones.
A car is undeniably costly – whether it is brand new or pre-owned. However, there are actually several offers that can help you achieve it even without a huge amount of money on your savings account.
You may consider the bank offers like the offer of the China Bank Savings. It is open to assist the purchase of a brand new or a pre-owned vehicle. The following are the requirements in applying for it:
- Duly-Accomplished CBS Auto Loan Application Form
- Latest Bank Statements/Passbook (3 Months Transactions)
- Certificate of Employment
- ITR / BIR Form 2316 / Pay Slips for at least three (3) months
- Fully completed Deed of Undertaking for the car insurance coverage
- Written consent of the spouse for married applicants
The China Bank Savings has not stated the loanable amounts under the China Bank Auto Loan offer on its official website. Instead, it has posted a loan calculator that can help you identify how much you must pay for monthly under the said offer. You must be ready with the following information to check on it:
- Loan Amount
- Payment Terms
- Down Payment
According to the bank, the maximum loan term for the purchase of a brand new vehicle is 60 months. For the pre-owned cars, it is between 36 to 48 months. To check on your possible monthly payment, you may visit – https://cbs.com.ph/loan-products/consumer-loans/easi-drivin-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: China Bank Savings Loan – How Much You May Borrow Under Personal Loan
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May I ask for a computation for a 7 Million & 10 million loan payable in 5 years for my planned CBCT Dental Imaging, Diagnostic & Laboratory Equipment. Thanks !