Own-A-Car Loan is intended to finance purchase of brand new vehicles:
Loan Ceiling : 80% of the cost of brand new vehicle but not to exceed P2,000,000.00Maximum Term : 60 monthsMode of Payment : monthly, semi - monthlyReceipients : Members with stable source of income whose borrowers’ classification fall under A, B, or C+ status, maintaining the require share capital and willing to open Power Savings account.
1. Proof of Ownership of Residence or other property if renting an apartment or living with parents for not less than five (5) years within the area of operation2. The established residence of the applicant must have a provision for garage3. Quotation form the car/vehicle dealer4. Proof of income such as employment certification, business permit, invoices, bank statements, proof of billing, etc., whichever is applicable based on nature of work5. Valid ID and TIN
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