Guide on How Much You Can Borrow Under the UCPB Auto Loan
UCPB AUTO LOAN – Here is a guide on how much you can borrow under the auto loan offer of United Coconut Planters Bank.
Are you one of those people who wanted to purchase their own car very soon? A lot of individuals surely want to. However, truths be told that not everyone can pay for it in full yet. Meanwhile, there are several options out there.
You may actually consider the loans offered by several banks. One of the banks that offer cash assistance for auto purchase is the United Coconut Planters Bank or more commonly called as UCPB.
Based on the official website of the bank, the UCPB Auto Loan is open for the purchase of both a brand new and a pre-owned vehicle. You may also use your vehicle as a collateral for a multi-purpose loan under this offer.
You might like to know how much you can borrow under the UCPB Auto Loan offer. Based on an article on eCompare Mo, here are the minimum and maximum loanable amounts under this loan:
- Minimum Loanable Amount – Php 100,000.00
- Maximum Loanable Amount – Php 5,000,000.00
Based on the article, you may pay for the loan for up to five(5) years. You can stretch it to maximum payment terms so it won’t be really heavy for the monthly amortization.
The requirements needed in applying depend on the employment status of the borrower. The general required document is the loan application form. Apart from it, here are the lists of the other documents that must be prepared:
Employed Applicant:
- Income Tax Return / Certificate of Credible Tax Withheld at Source for at least three(3) years
- Certificate of Employment and Salary
- Latest payslips for the past three(3) months
Sole Proprietorship:
- Income Tax Return
- Latest Audited Financial Statements
- Latest In-House Financial Statements
- Bank Statement
- List of Customers and Suppliers
- Business Name
- Certificate of Registration of Business/Trade Name with DTI
- Application of Registration of Business Name
Partnership:
- Income Tax Return
- Latest Audited Financial Statements
- Latest In-House Financial Statements
- Bank Statement
- List of Customers and Suppliers
- SEC Certificate of Filing of Articles of Co-Partnership
- Articles of Partnership
Corporation:
- Income Tax Return
- Latest Audited Financial Statements
- Latest In-House Financial Statements
- Bank Statement
- List of Customers and Suppliers
- SEC Certificate of Filing of Articles of Incorporation
- Articles of Incorporation
- Corporate By-Laws
Submit the requirements to the bank and wait for the result following the evaluation of your application. It may take a few days before you will be notified. You might like to know the fees under this loan. Visit – UCPB AUTO LOAN FEES – Full List of Charges Under the Auto Loan Offer.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: UCPB LOANS – List of UCPB Loan Offers You May Apply For
