Guide on How Much You Must Prepare for Metrobank Car Loan Downpayment
METROBANK CAR LOAN DOWNPAYMENT – Here is a guide on how much you must prepare in applying for the car loan offer of Metrobank.
The importance of having your own car now is really undeniable. Considering the usual heavy traffic in major roads, having your own car will allow you ways to escape from traffic and get to your destination on time.
Also, you can somehow secure that you and your loved ones are riding a vehicle that promotes your safety by running at the right speed. The comfort of traveling with your own car is just a bonus factor.
However, it is also undeniable that buying a car, may it be brand new or pre-owned, would require a huge amount of cash. It will take a while for average earners to save money for its purchase but, if you want options, you may consider applying for a loan.
You may apply for a vehicle loan offer of Metrobank. There is only a short list of eligibility qualifications in applying for it. To be eligible, the applicant must be:
- a Filipino
- between 21 to 65 years old (but not more than 65 years old upon the loan maturity)
- earning a minimum of Php 40,000.00 monthly
- having no adverse credit history
The amount that you can borrow under the said offer is subject to the approval of the bank. Meanwhile, if you want a range of how much you may borrow, you may visit – Metrobank Car Loan – How Much You Can Borrow Under This Offer.
In applying for an auto loan, a downpayment must be prepared. With regards to the Metrobank Car Loan, according to the bank, at least 20% of the selling price of the target vehicle must be prepared by the applicant.
Do you want to apply for the said offer? For a guide, you may visit – METROBANK CAR LOAN – How To Apply & The Requirements Needed.
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.