Guide on How Much Is the Required Income in Applying for Metrobank Car Loan
METROBANK CAR LOAN – Here is a guide on how much is the required income in applying for the vehicle loan offer of Metrobank.
Have you ever thought of your target age when you plan to have your dream car? Some want to drive their own car as young as 23 years old. However, only a few achieved it and they are already 25 years old upwards when they had their first wheels.
This sad reality depicts the fact that buying a car is one big move. It requires a huge amount and it is really a challenge to save for it most especially for average earners. Meanwhile, there is a good news – you can now have your own car even if you cannot pay for it in full yet.
Several banks including Metrobank got loan offers that can assist you in getting your target vehicle. Most offers are open for both brand new and pre-owned vehicles.
With regards to Metrobank Car Loan, like the other loan offers, there is a set of eligibility qualifications in applying for it and it includes the required income. To be eligible, the applicant must be:
- a Filipino
- between 21 to 65 years old but not more than 65 years old upon the loan maturity
- earning at least Php 40,000.00 monthly with good credit history
Under this Metrobank loan offer, you have flexible options when it comes to payment terms. You can repay the loan in 12, 18, 24, 36, 48, or 60 months. Payment can be done through automatic debit arrangement for your convenience or Metrobank post-dated checks.
Are you planning to apply for this loan offer? You might like to be guided on the process including the requirements in applying. Feel free to visit – METROBANK CAR LOAN – How To Apply & The Requirements Needed.
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