Guide on Robinsons Bank Auto Loan Amount 2023 You May Borrow
ROBINSONS BANK AUTO LOAN AMOUNT 2023 – Here are the loanable amounts under the offer based on the type of car you want to purchase.
In the Philippines, one of the banks that is trusted by a lot of people is the Robinsons Bank. It has several branches across the nation thus its offers is really accessible to the public. It has savings and checking accounts, loans, credit cards, and a lot more.
One of the loans offered by the bank is the Robinsons Bank Auto Loan. The said loan offer is open for application to finance several purposes that involves brand new and pre-owned vehicles.
You may apply for the Auto Loan offer to finance any of the following purposes:
- purchase of a branch new vehicle
- acquisition of a pre-owned vehicle
- refinancing of an existing car loan
With regards to the Robinsons Bank Auto Loan amount 2023, the maximum amount that you can borrow depends whether the vehicle to be purchased is brand new or a pre-owned vehicle.
If you want to purchase a brand new car, the maximum amount loanable under the Robinsons Bank Auto Loan 2023 offer is up to 80% of the net cash price of the vehicle. In the case of pre-owned vehicles, the bank can lend you up to 70% of the car’s appraised value.
With regards to the qualifications set under the loan offer, the eligibility criteria differ among employed and self-employed loan applicants. If you are employed, you must meet the following qualifications:
- a Filipino or foreign citizen
- at least 25 years old at the time of loan application
- must be working for at least three (3) years already and with the current employer for at least six (6) months.
For self-employed individuals, there is a different set of qualifications. Here are the eligibility requirements to qualify for the offer:
- a Filipino or foreign citizen
- at least 25 years old at the time of loan application
- the business must be in operation for at least three (3) years already.
To apply for the offer, there are documentary requirements for Robinsons Bank Auto Loan 2023 application that you must prepare and submit to the bank. Make sure to prepare original copies of your documents.
Robinsons Bank has set different documentary requirements depending on the applicant’s source of income. The bank has not stated the duration of the loan processing.
