Guide on Other Fees Aside From Monthly Due Under Metrobank Car Loan
METROBANK LOAN – Here is a list of the other fees aside from the monthly due under the car loan offer of Metrobank.
A lot of banks now offer car loans for those who wanted to achieve their own car soon. Most offers are open for both brand new and pre-owned vehicles with a wide range of acceptability. One of those banks that have the said offer is Metrobank.
Metrobank has opened its offer for passenger cars, Sports Utility Vehicles (SUVs), vans, and Asian Utility Vehicles (AUVs) among others. The brands covered include Toyota, Honda, Mitsubishi, Isuzu, Ford, and Hyundai.
There is a list of eligibility qualifications under the said Metrobank offer. To be eligible, the applicant must be:
- a Filipino
- at least 21 years old during the loan application but not more than 65 years old upon the loan maturity
- having no adverse credit history
Like in other loans, the bank has set an income requirement in applying. For a guide on the required income under the said offer, you may visit – Metrobank Car Loan – How Much Is the Required Income in Applying. With regards to the loanable amounts, here is a list of the range of how much you may borrrow:
- Minimum Loanable Amount – Php 350,000.00
- Maximum Loanable Amount – Up to 80% of the selling price of the car
You can pay for the car loan for up to sixty (60) months. Aside from the monthly due or monthly amortization, the following is the list of fees that you must be prepared for under this Metrobank loan:
- Chattel Mortgage Fee
- Handling Fee
- Comprehensive Motorcar Insurance Policy with Acts of Nature Coverage
You might want a guide in applying for the said Metrobank offer. You may visit – METROBANK CAR LOAN – How To Apply & The Requirements Needed.
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