Check Here the Asialink Used Car Loan 2024 Offer
ASIALINK USED CAR LOAN 2024 – You can check here a guide on the features of this loan offer and the requirements for application.
In the Philippines, undeniably, there are a lot of people who have the capacity to handle big purchases under loans but they do not qualify to the strict eligibility criteria of banks. What most of these people do is turn to the loans offered by financing institutions or lending companies.
One of the most popular lenders in the country is Asialink Finance Corporation. It is in the service of the Filipino people for several decades already. It has several finance products and services including multiple collateral loans.
Undeniably, one of the most popular loan offers of the lending company is the Asialink Used Car Loan. It is in fact the offer that is most known for. It has helped countless individuals acquire pre-owned vehicles.
Countless people prefer getting used cars that are still in good condition as they are more affordable than brand new ones. A lot of individuals prefer paying for a 3-year loan than the 5-year loan in banks most especially if the monthly amortizations is for a car purchase which is usually big.
Asialink Finance Corporation boasts its loan offer with “low interest rates”. It also gives borrowers the option to have a monthly amortization that they can work with.
Under the Asialink Used Car Loan, the interest rate is as low as 1.5%. It also offers low downpayments which can be as low as 30% of the purchase price of the vehicle. The loan is payable in three (3) to four (4) years.
There are only a few documents that the Asialink Finance Corporation requires in applying for its loan offer. Here are the documents that you need to prepare and submit to the lending firm:
- valid IDs from you and the seller
- at least 2 clear photocopies of government-issued valid identification of the buyer and the seller
- Official Receipt & Certificate of Registration (OR/CR) of the vehicle
- a proof of the registration of the vehicle before the Land Transportation Office (LTO)
- Offer to Sell/Purchase Agreement
- a legal contract between the buyer and the seller listing all the terms agreed on, must bear the names of the parties involved
- Latest picture of the car
- include the front, rear, and side areas of the vehicle
- Proof of income and credit score e.g.
- latest 2-3 months payslips
- a copy of the COE (Certificate of Employment)
- registration form issued by DTI (Department of Trade and Industry) or SEC (Securities and Exchange Commission)
- Proof of TIN