Details about the PSBank Auto Loan Amount for Financing Vehicle Acquisition
PSBANK AUTO LOAN AMOUNT – Here is a guide on how much you may borrow for a vehicle purchase under the Auto Loan of the Philippine Savings Bank.
A lot of banks have multiple loan offers. If you are looking for a trusted entity in the Philippines, one those that you may turn to is the PSBank or the Philippine Savings Bank. It is a subsidiary of Metrobank which is also one of the biggest banks in the country.
The PSBank Auto Loan offer is open to finance the purchase of both brand new and pre-owned vehicles. The bank boasts its loan offer with flexible payment options, competetive interest rates, fast loan application processing, and the chance to earn discounts that can lower your total loan amount.
Under the PSBank Auto Loan offer, it has Prime Rebate feature wherein you can earn discounts from making excess payments or advanced payments. The rebate is automatically applied to all new and existing term loans you have.
The Auto Loan offer is open for individuals who are at least 21 years of age and not more than 65 years at the time of loan maturity and with a stable source of income. If you are employed, you must have a tenure of at least two (2) years. If you are running a business, the business must be operational for the last two (2) years.
The loan offer is open not only for Filipinos but as well as foreigners who are permanently residing in the country. For qualification, you must be earning a gross monthly family income of at least Php 30,000.
With regards to the PSBank Auto Loan amount, the bank has not posted the maximum loanable amount but it can lend you at least Php 100,000. The loan is payable from 12 monthly amortization up to 60 monthly amortizations.
The PSBank Auto Loan amount is subject to the interest rate set under the PSBank Auto Loan until it is fully-paid. Here are the modes of payment:
- Online Payment
- Automatic Debit Arrangement (ADA)
- Post-Dated Checks
- cash or check payments via PSBank, Metrobank, BancNet ATMs nationwide
- over-the-counter cash and check payment
- via InstaPay
- at any 7-Eleven store nationwide
- GCash
Are you interested to apply for the loan offer? Prepare the PSBank Auto Loan requirements for application and submit them to the bank.