Guide on the Requirements in Applying for Chinabank Auto Loan
CHINABANK AUTO LOAN – Here is a guide on the requirements that you must prepare in applying for the said Chinabank loan offer.
Most people dream of buying a car since they are still kids. That dream continues until they reach the point of realizing that it is actually a big purchase that they may not be ready for.
Are you one of these people who dropped or, at least, try to forget your dream car because of its price? There are actually several ways to get it. You don’t have to be intimidated by its price if you cannot pay for it in full yet.
You may apply for bank loans. One of the offers is the Chinabank Auto Loan by Chinabank.
The said auto loan offer features low interest rates, low monthly amortizations, low downpayment, and longer payment terms. All these factors are subject to the approval of the bank.
According to the bank, the said loan offer is open for both the purchase of a brand new or a pre-owned vehicle. You may also apply for it for the reimbursement of a recent vehicle purchase.
Furthermore, you may also apply for this offer as a multi-purpose loan. Use your own vehicle as the collateral to obtain some cash.
With regards to the requirements in applying for the Chinabank Auto Loan, here is a list of the documents that you need to prepare if applicable:
- Certificate of Employment stating length of service and monthly compensation package
- Latest Income Tax Return (ITR) with Statement of Assets and Liabilities
- Photocopy of Business Registration Papers
- Community Tax Certificate of the principal borrower and all co-borrowers
- ACR
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: CHINABANK LOANS – Full List of China Bank Loan Offers You May Apply For
