The banking industry is rapidly changing. The advent of the Internet, mobile technology, and social media has reshaped the way LDB interacts with its core customers and team members. As such, it will take all these tools and use them to become a more customer-centric regional development bank. 2017 marks the 56 years of Luzon […]Visit site
|Min. financing amount||₱ 10000|
|Max.financing amount||₱ 1000000|
|Min. loan tenure||6 months|
|Max. loan tenure||120 months|
Interest Rates: From 20% APR
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Brand New: 12 to 60 months
Second hand: 12 to 48 months
Approval time: 1 banking day
Down payment: As low as 20% of purchase price
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
– Must be a Filipino Citizen
– Must have an office or residence landline
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP
– For outside Metro Manila – 25 000 PHP
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan
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.Send an application
Typically, 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.Send an application
Documents confirming income and identification are the main requirements for obtaining an Auto 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.Send an application
On average, initial approval of a Consumption credit application can be done from 10 minutes to 1 day, depending on the bank. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.Send an application
Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.Send an application
No, you don’t need to report money spent. You can use the money for a variety of personal needs, such as training, hospitalization, car upgrades, and paying bills.Send an application
The longest loan period is 10 years.Send an application
Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.Send an application
|Full company name||Luzon Development Bank|
|Address||LDB Corporate Center, National Highway, Paciano Rizal, Calamba City|
|Phone number||(049) 531-3700 (02) 8779-6080|
The banking industry is rapidly changing. The advent of the Internet, mobile technology, and social media has reshaped the way LDB interacts with its core customers and team members. As such, it will take all these tools and use them to become a more customer-centric regional development bank. 2017 marks the 56 years of Luzon Development Bank’s existence and looking ahead, its management paves the way for a new LDB with focused optimism to do whatever is needed to ensure the success of its development plans. LDB targets the future by reaffirming its commitment in providing clients with quality and personalized service, knowing fully well that another half-decade of the bank strongly depends on customer satisfaction.
An excellent bank to deal with. All staff are very professional and knowledgable. They quickly resolve any issue and provide individual service. This is not a mega national bank with little or no care for customers, but a strong regional bank with strong dedication to the areas they service. Their online banking experience is easy and friendly. They need to increase their ACH transfer limits for customers.
it is easy to contact with them because there response time is good and this company have good and easy plans and it customer who does not understand how banking stuff works he can get to know through it