Wednesday February 23rd, 2022

GrabAssistance: Car Buy and Sell!

Hi mga Ka-Grab! Ikaw ba ay may LTFRB/TNVS-approved vehicle at nais mo itong ibenta?

O Ikaw ba ay isang driver na nais bumili ng 2nd hand o reposessed na kotse mula sa mga bangko para i-apply as TNVS unit? Narito ang Grab upang magbigay alalay sa inyo!

Simple lang ang inyong gagawin:

Sagutan ang survey na naka-link sa ibaba ng ayon sa iyong sitwasyon at maghintay ng SMS mula kay Grab para sa directory ng mga buy and sell na kotse.

Maaari mo ring tignan ang mga listahan ng Repossessed Vehicle na available for sale  mula sa mga participating banks! 

Repossessed Vehicles

BDO Repossessed Vehicle List – Access here

 

PSBank Repossessed Vehicle List – Access here

Auto Loan Application Process

Maaari ka ring kumuha ng Auto Loan upang makabili ng unit na pwede i-apply for TNVS. Alamin ang proseso ng iba’t-ibang bangko at financing institutions.

Disclaimer: Details and process from banks are subject to change without prior notice. 

Terms: Brand New Cars: 30% DP; 3 years max

Repossessed Vehicles: interested Drivers can visit the nearest bank to inquire.

Interest: 21.51%  based on published rates. For more information, go here.

Documentary Requirements:

  • Duly accomplished and signed Auto Loan Application Form
  • Valid Gov’t issued ID (w/ signature and photo) of borrower/spouse/co-borrower/co-maker/signatories of the loan
  • Latest proof of billing under the borrower’s name
  • Proof of Income
  • Bank Statements

 

Process:

  • Prepare the required documents
  • Print and fill out the application form with signature
  • Take a picture or scan the application form, proof of identification and proof of income 
  • Email the scan documents to jcabaca@securitybank.com.ph. Advise in the email if it is for the repossessed cars.
  • OR send and apply in person to the nearest branch of your residence.
  • Processing period: 1 banking day

Contact Persons:

Madeleine Sophie Cruz <MCruz@securitybank.com.ph>

Ritchie Alabastro <calabastro@securitybank.com.ph>

Terms: 30% DP; 3 years max

Interest: 17.32%  based on published rates. For more information, go here.

Documentary Requirements:

  • Valid Gov’t issued ID (w/ signature and photo) of borrower/spouse/co-borrower/ co-maker/signatories of the loan
  • Latest proof of billing under the borrower’s name
  • Proof of income
  • Bank statements

Process:

Contact Persons: 

Pam Bite – Sales Support Head

Guy Puruganan – Auto Loan Sales Division

PHBite@eastwestbanker.com

Terms: 30% DP; 3 years

Interest: 16.90% Based on published rates.  For more information access and read: https://www.rcbc.com/auto-loans

Documentary Requirements:

  • Accomplished RCBC Auto Loan application form
  • 2 valid gov’t – issued IDs
  • TIN
  • Utility Bill

Process:

Online application at:

https://www.rcbc.com/auto-loans

 

 

Terms: Downpayment possible at rates: [15%,20%.30%,40%,50%,60%,70%]

Terms: [12, 18, 24, 36, 48, 60 months]

Interest: Refer to

Auto Loan Calculator

 

Qualifications:

  • At least 21 yrs old not more than 70 yrs old
  • Min. household income of P30,000
  • Min. Loan Amount: P200,000
  • Max. Loan Amount: Up to 85% of the purchase price
  • Min. loan term: 1 yr, max loan term: 5 years

 

Documentary Requirements:

  • Duly accomplished application form
  • 2 Valid Gov’t issued ID (w/ signature and photo)
  • If married, both spouses to sign on the application form
  • If with co-borrower or co-mortgagor, separate application form is needed
  • Checklist of Requirements

Process:

  • Go to BPI online application
  • Processing time: 1 – 3 days upon the submission of the complete documentary requirements

 

Terms: 25% DP

Qualifications: 

  • At least 21 yrs old not more than 70 yrs old
  • Min. household income of P30,000
  • Min. Loan Amount: P200,000
  • Max. Loan Amount: Up to 85% of the purchase price

Process:

Contact Person:

KAYE AMORES

Marketing Operations Head

Sales and Marketing Group