Guide on Robinsons Bank Auto Loan 2023 Application Process
ROBINSONS BANK AUTO LOAN 2023 – Here is a guide on how to apply and the requirements in applying for the car loan offer.
The Robinsons Bank is one of the entities that you may turn to in the Philippines if you are in need of cash to finance a car purchase. Its loan purposes cover both brand new and pre-owned vehicles.
Robinsons Bank’s Auto Loan offer is open for both Filipino and foreign citizens provided that the borrower qualifies to the eligibility criteria set by the bank. The offer is actually open for a range of purposes.
You may apply for the loan offer of the Robinsons Bank, one of the prominent banks in the Philippines now, 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
The Robinsons Bank provided the range of loanable amounts under the Auto Loan offer but please be reminded that the approved amount depends on the assessment of the bank. All loan applications are subject to the approval of the bank.
For pre-owned vehicles, the maximum loan term is up to 48 months. For brand new cars, the maximum loan term allowed is up to 60 months or five (5) years. The Robinsons Bank Auto Loan Interest 2023 applies until the loan is fully paid.
There is an easy process in applying for the Robinsons Bank loan offer. Here are the steps for the application process:
Step 1 — Qualifications
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.
Step 2 — Requirements
Aside from the qualifications, there are documentary requirements for Robinsons Bank Auto Loan 2023 application process. The lists vary depending on the employment status of the loan applicant.
Step 3 — Loan Application
Go to a branch of the Robinsons Bank nearest to you. Submit the documents and wait for the bank’s call for an interview. The bank will update you about the result of your loan application as well.
