List of Requirements in Applying for China Bank Auto Loan
CHINA BANK AUTO LOAN – Here is a list of the requirements set by China Bank Savings in applying for the said loan offer.
Aside from a house, another property that most people wanted to have is a car. It offers both convenience and comfort to the owner.
If you have your own car, you can get to anywhere you want anytime. It is beneficial most especially during emergency situations. It is advisable that at least two (2) people in a household know how to drive.
Buying a car needs a huge amount of money. Meanwhile, you may apply for a loan so you don’t have to pay for it in a one-time basis. Light monthly amortizations are achievable.
You may consider the China Bank Auto Loan offered by China Bank Savings. Whether you are into buying a brand new car or a pre-owned one, the bank may assist you as it is open for both.
If you plan to buy a brand new car, the maximum loan term is sixty (60) months. For pre-owned vehicles, the maximum loan term is 48 months for cars that are two (2) years old and below and 36 months for cars three (3) to four (4) years old.
Do you want to know how much you can borrow under the said loan offer? Feel free to visit – China Bank Auto Loan – How Much You Can Borrow From China Bank Savings.
To apply for China Bank Auto Loan, there are documents that you must prepare and submit to China Bank Savings. Here is a list of the requirements in applying for it:
- Duly-accomplished CBS Auto Loan Application Form
- Latest Bank Statements/Passbook (3 months transactions)
- written consent of the spouse for married individuals
- For employed applicants:
- Certificate of Employment
- ITR or BIR Form 2316 or pay slips for at least three (3) months
- Deed of Undertaking for the car insurance coverage if applicable.
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.
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