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Motorcycle Requirements

AUV / SUV

Motorcycle Loan Requirements

Who are qualified for a high-end motorcycle loan?

  • For now, only valued depositors and good repeat borrowers of the bank is eligible for a high-end motorcycle loan. Additionally, here are client eligibility requirements:
  • Filipino citizens who are residents in the Philippines; or foreign citizens residing in the Philippines, provided, accompanied with a positive endorsement from the company he is affiliated with and with a qualified Filipino citizen guarantor or co- maker or
  • Filipino citizens who are residing outside the boarders of the Philippines, provided with qualified Filipino citizen guarantor or co- maker.
  • Age must be 21 years old but not more than 65 years upon final maturity of the loan.

Currently employed or a permanent/regular employee of a reputable institution.

How do I pay for the loan?

Pay your monthly amortization to the account number issued or enroll in auto-debit arrangement for this type of loan

What documents do i need to apply?

Individual

  • Completely filled out and signed application form (Download application form)
  • Clear copy of government-issued ID
  • Latest BIR Form 2316 or 3 months pay slip or Certificate of Employment (COE) / Employment contract for OFW

Corporate

  • Completely filled out and signed application form (Download application form)
  • Valid IDs of signatories
  • Latest BIR Form 1701
  • Latest copy of Audited Financial Statement, Certificate of Registration, SEC, GIS, Articles of Partnership/Incorporation, By-laws Company Profile
  • Certificate of Business Registration with DTI or Business Permit or SEC

 

Send all your requirements to [email protected]

What brands are are acceptable for this loan?

You can use our motorcycle loan for the purchase of the following brands. Keep in mind that the brands below are subject to a minimum of 30% downpayment and maximum 36 months term.

Brands Acceptable models and price range Minimum Downpayment Maximum Term
BMW 400cc and up model only
Minimum SRP: PHP 300,000
30% 36 months
Harley Davidson
Honda
Kawasaki
Suzuki
Yamaha
KTM
MV Agusta

What are the rates?

Term Add-on rates (Net) In Arrears Term
12 8.00% 6.80%
18 12.01% 10.72%
24 16.96% 15.57%
36 26.05% 24.29%