Guide on PNB Auto Loan Requirements You Must Prepare Based on Your Source of Income
PNB AUTO LOAN REQUIREMENTS – Here is a list of the documents that you must prepare in applying for the Philippine National Bank’s Auto Loan offer.
Most banks in the Philippines now got car or auto loan offers. One of these banks is the Philippine National Bank. It is more commonly called as PNB. Undeniably, these firms recognize the convenience and benefit of a private car for an individual.
Truths be told that buying a vehicle in cash requires a huge amount of money. Meanwhile, through loan offers, you may obtain your dream car and just pay for it in installment basis.
With regard to the PNB Auto Loan offer, it is open for both brand new and pre-owned vehicle. You may also apply for it to refinance a recent car purchase.
Every loan comes with qualifications or eligibility requirements in applying. To be eligible for the PNB Auto Loan, the applicant must be:
- a Filipino citizen / foreigner based in the Philippines with ACR
- at least 21 years old but not older than 65 years old upon the loan maturity
- having a stable source of income
- If employed, the applicant must be on a permanent status for at least a year already.
- If self-employed, the business must be operating for at least three years already.
Do you want to know how much you can borrow under this loan offer? You may visit – PNB AUTO LOAN: Minimum & Maximum Loanable Amounts + Interest Rates.
With regard to the PNB Auto Loan requirements, it depend on the applicant’s source of income. Here are the documents you must prepare depending on whether you are employed or self-employed:
If employed:
- Certificate of Employment with Compensation or Payslip
- Latest Income Tax Return
If self-employed:
- Business papers with DTI Registration
- Latest Income Tax Return
- Latest Audited Financial Statements
- Latest (6) six-months Bank Statements
In applying for this PNB loan offer, you may begin online. You can download the application form needed. Feel free to visit – PNB Auto Loan Application Form – Guide On How To Download Online.
Thank you for visiting our website. We hope we have helped you with regard 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
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