Guide on How Much You Must Pay For Monthly Under the UCPB Auto Loan
UCPB AUTO LOAN – Here is a guide on how much you must pay for monthly under the United Coconut Planters Bank’s auto loan offer.
Nowadays, getting your own car without paying for it in full is possible. One of the options is through a bank loan offer. There are several banks in the Philippines that are willing to assist a car purchase.
One of the banks that can assist you in buying a car is the UCPB. It is open for the purchase of a brand new car and as well as a pre-owned vehicle. Also, it can cater loan applications using a vehicle as the collateral for a multi-purpose loan.
Do you want to know who are eligible for the said loan offer? The applicant must be:
- between 21 to 65 years of age
- having a stable source of income
- employed in the government or private sectors for at least two (2) years
- self-employed for at least two (2) years
- professional practicing the profession for at least two (2) years
The loanable amount under the said UCPB loan depends on the approval of the bank. If you want to know how much you can borrow under it, you may visit – UCPB AUTO LOAN – How Much You Can Borrow Under This Loan.
The loan terms offered by UCPB depends on the type of car to be purchased – a brand new or a pre-owned one. Here are the minimum and maximim loan terms depending on the car to be purchased:
- Brand New Car
- Minimum Loanable Amount – 1 year
- Maximum Loanable Amount – 5 years
- Pre-Owned Car
- Minimum Loanable Amount – 1 year
- Maximum Loanable Amount – 3 years
The bank has provided an online calculator should you wish to know how much you will pay for monthly under the UCPB Auto Loan. You have to prepare the following information:
- Selling price of the car
- Preferred downpayment
- Target loan term
To check how much you must pay monthly under UCPB Auto Loan, you may visit – https://www.ucpb.com/driveasy/. Be reminded that the online calculation is applicable for the purchase of brand new cars only.
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
