Guide on PSBank Auto Loan Fees & Charges You Must Be Prepared Of
PSBANK AUTO LOAN FEES – Here is a guide on the fees and charges in applying for this Philippine Savings Bank (PSBank) loan offer and as well as within the loan term.
Many people are undeniably unprepared for a one-time full payment on a car purchase. That is why although getting a car is almost everyone’s dream, not all people has achieved it before they reached 40.
The thing why others got it even though they are also quite unprepared to do it in cash is because they considered the options available. There are several loan offers that can help you get your dream car.
The Philippine Savings Bank or more commonly called as PSBank is one of those with an auto loan offer. It is open for both brand new and second-hand vehicles.
Do you want to know how much you can borrow under it? Feel free to visit – PSBank AUTO LOAN – Minimum & Maximum Loanable Amounts.
Before applying for a loan, one of the best things to do is to check on the fees under it. With regards to the PSBank Auto Loan fees and charges in the application and during the loan term, here is a list of them:
- Processing of loan certification – Php 100.00
- Transmittal of loan documents to another branch – Php 100.00
- Due date extension fee (accrued interest from old due date to new due date) – Computed as Outstanding Balance x Rate x number of days / 360.
- Service Fee for Certificate of Encumbrance for LTO registration – Php 50.00 for the certification fee and Php 300.00 for the notary fee.
- Processing fees for change of collateral and conversion of unit to PUV – PhP5,000.00 shall be charged for amendments or change of collateral and PhP10,000.00 shall be charged for conversion of unit to PUV
- Late / Non submission fee on insurance policy renewal – Php 2,500.00
- Collection fee in case of default – 3% of the monthly installment or amount due
- Late payment penalty fee – 5% per month or a fraction
Do you want to apply for the said PSBank loan offer? You may visit – Apply for PSBank Auto Loan – How To Apply & Requirements To Prepare.
Thank you for visiting our website. We hope we have helped you with regards to this PSBank offer. You may keep coming back for more informative guides.
