Guide on Robinsons Bank Motorcycle Loan Loanable Amounts for Aspiring Clients
ROBINSONS BANK MOTORCYCLE LOAN LOANABLE AMOUNTS – Here is a guide on the allowed borrowing amounts based on the type of bike to be financed.
Are you one of the people who are planning to purchase a motorcycle? Undeniably, going to school or work using a motorcycle may be more economical compared to driving a four-wheeled vehicle considering the high fuel prices now.
If you are looking for entities that can provide you with a motorcycle loan, one of those that you may turn to is the Robinsons Bank. It is one of the popular and trusted banks in the Philippines and actually has several loan offers for the public.
The Motorsiklo Loan is open to finance the purchase of both brand new and pre-owned motorcycle units. It is also open for financing any types of motorcycles — regular or solo bike and big bike.
With regards to the qualifications under the Motorcycle Loan offer, the lists differ depending if you are locally employed or self-employed. If you are locally-employed, you must meet the following eligibility criteria to qualify for the loan offer:
- 21 years old and above upon the loan application
- not more than 65 years of age upon the loan maturity
- owned a residence for at least 1 year or renting for at least 2 years
- must be a regular employee for at least one (1) year
Even self-employed individuals may apply for the loan offer. If you are one of these individuals, here is the eligibility criteria set by the bank:
- 21 years old and above upon the loan application
- not more than 65 years of age upon the loan maturity
- owned a residence for at least 1 year or renting for at least 2 years
- must operating a business that is in operation for at least 2 years
With regards to the loanable amounts under the Robinsons Bank Motorcycle Loan 2023, it depends on the type of bike you want to be financed by the bank. Here are the minimum and maximum borrowing amounts allowed by the bank:
- Smaller Biks & Scooters — from Php 35,000 to Php 500,000
- Big Bikes — from Php 100,000 to Php 1 million
The Robinsons Bank Motorcycle Loan loanable amounts 2023 is payable from six (6) months up to 36 months. To apply for the loan offer, prepare the Robinsons Bank Motorcycle Loan requirements 2023.
It may take the Robinsons Bank between three (3) to five (5) working days to evaluate the loan application. The bank will notify you with regards to the result of your loan application.