Guide on How Much Will Be Your Monthly Amortization Under the PNB Auto Loan
PNB AUTO LOAN – Here is a guide on how much will your monthly amortization under the Philippine National Bank’s Auto Loan offer.
More and more banks are offering auto loans nowadays. Many have joined the pursuit of providing options for those who wanted to achieve their dream car but cannot afford to pay for it in cash.
The Philippine National Bank, a government bank in the country, is one of those with auto loan offers. Are you planning to buy a brand new car or a second-hand one? No problem. This bank can assist you provided that you pass the evaluation.
There are eligibility qualifications and documentary requirements that you must prepare in applying. To be eligible, the applicant must be:
- a Filipino citizen or a foreigner based in the Philippines
- between 21 to 65 years old
- employed or self-employed with a stable source of income
- applying as partnership and corporation
The loanable amounts under this PNB loan depends on whether you will buy a brand new vehicle or a pre-owned car. You may visit – PNB AUTO LOAN: Minimum & Maximum Loanable Amounts + Interest Rates.
With regards to the loan terms, you may pay for the brand new cars for up to sixty (60) months or five (5) years. For a pre-owned vehicle, it will depend on the age of the car.
- 1-3 year old vehicle – Up to 48 months
- 4-year-old vehicle – Up to 36 months
- 5-6 year old vehicle – Up to 24 months
- 7-year-old vehicle – Up to 12 months
Do you want to apply for the said PNB loan offer? You may visit – PNB AUTO LOAN – How To Apply & Requirements To Prepare.
You might like to know how much will be your monthly amortization under the PNB Auto Loan. Prepare the following information:
- vehicle amount
- downpayment
- loan term
- loan amount
- monthly payment
Are you ready with the aforementioned information? You may visit – http://bit.do/fc7bm.
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: PNB Personal Loans & Business Loans – Full & Updated List of Loan Offers