Guide on How Much You Can Borrow Under the Metrobank Car Loan
METROBANK CAR LOAN – Here is a guide on how much you can borrow under the vehicle loan offer of Metrobank.
Do you want to buy your own car soon but you are not yet financially ready to pay for it in full? Are you thinking that it might take several years first before you can finally drive a car you can call your own?
There are actually a lot of entities that are willing to help you get your target vehicle. Among them are the banks like Metrobank.
Metrobank has a loan offer that can assist you in purchasing a brand new or a second-hand vehicle. The bank will the amount for you and you only have to repay the bank in monthly installments.
Based on the official website of the bank, the loan can be repaid in 12, 18, 24, 36, 48, or 60 months. You have two (2) options in starting your monthly payment:
- Pay 30 days after your approved loan is booked
- Pay upon the release of your vehicle at lower rates
Do you want to know how much you can borrow under the Metrobank Car Loan offer? Here are the minimum and the maximum loanable amounts under the said offer:
- Minimum Loanable Amount – Php 350,000.00
- Maximum Loanable Amount – Up to 80% of the selling price of the vehicle
For your convenience, the payment for the loan can be done through Automatic Debit Arrangement. You may also repay for it through post-dated checks.
Do you want to apply for the said Metrobank loan offer? For a guide on how to apply for it and the requirements that you must prepare, you may visit – METROBANK CAR LOAN – How To Apply & The Requirements Needed.
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