Guide on Requirements for Right Choice Car Loan Application – What You Need to Prepare
REQUIREMENTS FOR RIGHT CHOICE CAR LOAN – Here is a guide on the documents needed in applying for a vehicle loan to Right Choice Finance.
Two (2) of the biggest dreams that are common among many people are owning a house and a car. Both have their own benefits for their respective owners. If you have your own car, you can travel conveniently and anywhere you want anytime.
Also, a car is one of the best preparations against unforeseen circumstances like medical emergencies. It is not simply for convenience but as well as an edge in working out several situations. Amid the COVID-19 pandemic, a lot of people got a car that can lessen their exposure to the public.
Are you also planning to get your own car but do you want to have it under an installment payment? You may apply for a loan from a bank or a lending company.
One of the lending companies that offer vehicle loans is Right Choice Finance. There are documentary requirements for the Right Choice Car Loan application.
List of Requirements for Right Choice Car Loan Application
Basic Requirements:
1. Completely fill-out the online application form
2. 2 valid IDs
3. Payslip (3 months) & COE (latest) – for employed
4. Proof of Billing
5. Bank statements via BRANKAS for faster processing within 24 hrs. (accredited banks BDO, RCBC, PNB, Metrobank & BPI) or manually upload the bank statements (latest 6 mos.) for banks not accredited by BRANKAS.
6. Post Dated Checks (PDCs)
Additional Requirements For Self-Employed Applicants:
1. Business Permit / Mayor’s Permit
2. DTI Registration
3. Latest ITR & Financial Statement
4. Collateral documents (latest official receipt; certificate of registration, comprehensive insurance, stencil of engine & chassis number).
To apply, you may visit a branch of Right Choice Finance nearest to you. You may also visit their official website – https://www.rightchoicefinance.ph/vehicle-loan.
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