Carloanpilipinas in the Philippines

Automobile lending service in the Philippines. Provides loans for the purchase of both new and second-hand cars. Also help in car insurance. It is considered the company has low interest rates on long-term loans.

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Car Loan Philippines https://upfinance.com/app/uploads/2019/06/carloanedited.png
Benavidez cor. Trasierra St. Legaspi Village,Makati
9215740583, lyndizon@carloanpilipinas.com
Interest rate 1.08% - 3.9%
Loan tenure from 12 to 60 months
Approval duration Up to 24 hours
Min. monthly income1

About company

The company offers to draw up a loan of different types. This can be a long-term loan. There are short-term loans for several days. Both options are beneficial to customers. Specialists of the company Carloanpilipinas will help to choose a convenient type for each client.

Car loan Year Model 2011 – 2015

Interest Rates (30% Downpayment):

Months 12 24 36 48
% per year 13.02% 27,8% 36.82% 46.91%

Loan amount: Up to 70% of appraised value
Payment terms: Up to 48 months
Approval time: 1 banking day
Down payment: 30% of purchase price

Calculate loan

Car loan Year Model 2007 – 2010

Interest Rates (40% Downpayment):

Months 12 24 36
% per year 14% 31% 42.76%%

Loan amount: Up to 60% of appraised value
Payment terms: Up to 36 months
Approval time: 1 banking day
Down payment: 40% of purchase price

Calculate loan

Car loan Year Model 2004 – 2006

Interest Rates (40% – 50% Downpayment):

Months 12 24
% per year 15,5% 35.25%

Loan amount: Up to 60% of appraised value
Payment terms: Up to 24 months
Approval time: 1 banking day
Down payment: 40% – 50% of purchase price

Calculate loan

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Features of the company’s offers

The company Carloanpilipinas will provide a profitable car loan. The contract is concluded by citizens of the Philippines and willing to provide documents on residing in the state legally by foreign nationals and is served according to the laws of the Philippines. Control of the preparation is performed by the company’s specialists. Carloanpilipinas is recognized as a leader among structures offering to get favorable conditions on car loans for used cars.

The assortment offers used vehicles owned by the seller. For example, those received through the sale of the company by the former owner and those that are transferred on bail. Assessment of the state of the vehicle is carried out in the company’s garages. The assessment takes into account:

  • car condition;
  • mileage;
  • year of issue;
  • number of owners and other factors.

Among the offers are options released from 1998. Many of them have been tuned. Property registration is offered to private and corporate clients.

Ways to get a loan

To obtain a loan for getting money, just go to the official website. The transition to the page is carried out from the main page of the resource. The client provides information about his name, the parameters of the documents providing the right to reside in the Philippines, data on permanent income, place of employment and other information. The application is sent to the consideration of the company. If approved, the client receives information about the decision and is sent to the company to obtain the necessary loan.

The advantages of choosing Carloanpilipinas

The company provides car loans. Money is transferred for the purchase of new and used cars. Benefits include:

  • service perspective in Manila and other cities in the Philippines;
  • carrying out most of the work online;
  • work with leading banks, allowing you to get a loan at an average of 0.5% per annum amazing for a citizen of our state;
  • car insurance;
  • clear explanations of how to repay a loan.

Carloanpilipinas fleet of vehicles allows a private client or company representative to select a truck or passenger car.

Reasons for contacting Carloanpilipinas

The fleet of vehicles is constantly replenished with new offers. An employee of the company conducts a test drive of the selected car. Branches operate in most localities of the state.

Pros of offers become clear at the earliest stages. The company is responsible for the quality of the car sold to the customer on the basis of the car loan processing. In blocks on the site, buyers discuss the rules of registration of purchase. There reviews of real buyers are posted.

Steps to get a loan

Simplify the procedure for obtaining a vehicle in the property helps fill out the application directly on the company’s website. To start filling, you will need to open on the Carloanpilipinas page a form specifiing the car with information, indicating the brand of the model, year of release, name. Provide your name, date of birth, marital status and level of education. Based on the application, the vehicle will be selected for customer. It also includes the name and data of the spouse for family private clients, registration, address of residence.

To draw up a car loan you will need to perform a simple sequence of steps to complete the application:

  • Indication of information about a potential recipient of a loan, both a private person and an organization.
  • Registration information in the Philippines.
  • The presence of a permanent job and the period of work.
  • Availability of property.

All data are entered into the application posted on the company’s website. After completion, the application is sent to Carloanpilipinas. The decision on the loan will be reported on the contacts specified in the application. This may be a mobile phone number, email address. Next, the client draws up a loan. Conditions are calculated for each client individually.

The representative of Carloanpilipinas explains in detail the terms of repayment, the possibility of early payment, the size of the annual interest rate, the level of overpayment and other nuances that allow immediately assess the upcoming financial burden.

Ways to repay the loan

During the loan processing, the client receives information about the amount of financial obligations. The refund is made every month in equal installments. The prospect of early repayment is provided.

Funds for the fulfillment of financial obligations are transferred using a bank card, an account at a bank, payments are accepted using electronic payment systems or personal payments to employees of the organization. After approval of the application, the amount is transferred to the specified bank account.

Detailed information is specified in personal account:

  • about the amount of debt;
  • the date of the next payment;
  • balance of the amount.

After repayment, the client is provided with a certificate of completion of payments for the entire amount. Refinancing is performed. Service is carried out in offline offices of Carloanpilipinas.

Makati car dealership Car loans, loan refinancing, insurance
 The first finance and leasing company  Car loans, vehicle insurance
 Car dealership Carloanpilipinas  Registration of trucks and passenger cars, buses
 Quick and easy loan  Approval of client applications with bad credit history, car loan, insurance
 Buendia Autohan  A quick consideration of the application. A large percentage of approvals.
 League One Finance and Leasing Corporation  Consideration of customer requests with bad credit history.

 

Product Features

Min. financing amount ₱100000
Max. financing amount Up to ₱1000000
Min. loan tenure 12 months
Max. loan tenure 60 months
Interest rate 1.08% - 3.9%
Approval duration Up to 24 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 12 months 13 months 14 months 15 months 60 months
LOAN AMOUNT ₱500000 ₱500000 ₱500000 ₱500000 ₱500000
FEE 1.08% 1.08% 1.08% 1.08% 1.08%
INTEREST AMOUNT ₱5400 ₱5850 ₱6300 ₱6750 ₱27000
TOTAL REPAYMENT ₱505400 ₱505850 ₱506300 ₱506750 ₱527000

Fees & Charges

One time setup
Processing fee no-fee
Stamp duty N/A
Disbursement & misc. fee N/A
Annual fee N/A
Other fees N/A
Penalties
Early settlement no information
Late payment charges no information
Other penalties no information

Other Requirements

Need to open linked banked account? Yes

FAQ

The minimum down payment is 30% of purchase price.

Payment terms for for cars year model 2011 – 2015 – up to 48 months.
Payment terms for for cars year model 2007 – 2010 – up to 36 months.
Payment terms for for cars year model 2004 – 2006 – up to 24 months.

No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

Documents confirming income and identification are the main requirements for obtaining a car loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, a copy of payslip for 2 months, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents: a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

Interest rates are lower for new cars, because used cars less secure investment than new ones because they can break down or undergo repairs that will be more common than a new car. For new cars, interest rates are 2-5% lower and are the most popular way to finance cars in the Philippines.

Contacts

Full company name Car Loan Philippines
Address Benavidez cor. Trasierra St. Legaspi Village,Makati
Phone number 9215740583
E-mail lyndizon@carloanpilipinas.com
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User rating

Reviews

1 year ago

Best Car Loan Rates

Car loan Philippines is an experienced lender that provides short-term loans for people finding themselves in unexpected financial difficulty. The loan values differ accordingly to the needs of each client, meaning that a loan from Sunny can cover everyday expenses or significant home improvement projects. i get many times loan for my car.

1 year ago

Get Loan For Car

I get loan every time i brought a car this is an great lender company who helps me every time policies are good and also the behavior of peoples are too good i always recommend this company . i love this company.

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