Guide on the Minimum & Maximum Loanable Amounts Under the UCPB Car Loan
UCPB CAR LOAN – Here is a guide on the minimum and maximum loanable amounts under the car loan offer of the United Coconut Planters Bank.
Nowadays, there are several ways on how to obtain your own car although you still do not have the cash to pay for it in full or at least for a down payment. One of it is through banks that offer loans like UCPB.
Under the UCPB Car Loan, you may not only obtain your own dream car but you may also use your existing car as a collateral for a loan. You may utilize it to raise an amount to fund a business, a travel, an investment, etc.
With regards to the payment terms, the car loan offers a minimum of one(1) year and a maximum of five(5) years for brand new vehicles and three(3) years for second-hand cars.
Based on the official website of the United Coconut Planters Bank, to be eligible for this loan offer, the applicant must:
- be employed or in a business for at least two(2) years
- have a minimum gross income of Php 30,000.00 monthly
With regards to the loanable amounts under the UCPB Car Loan, the bank has only provided on its site the minimum loanable amount. Most likely, the maximum loanable amount will probably depend on the borrower’s capacity and the product to be purchased.
The minimum loanable amount under the UCPB Car Loan is Php 100,000.00
For the requirements in applying for the said loan offer and to download the application form, you may visit the official website of the United Coconut Planters Bank – https://www.ucpb.com.
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