List of China Bank Auto Loan Requirements
CHINA BANK AUTO LOAN REQUIREMENTS – Here is a list of the documents that are needed in applying for a car loan to China Bank.
China Bank is one of the banks in the Philippines that offer several types of loans to the public. Aside from its HomePlus loan, the bank offers a car loan for those who want to have a vehicle but have no money pay for it in full.
The car loan is available for individual applicants and as well as for corporate or partnership applications. This loan got the following impressive features:
- Very low interest ratesÂ
- Very low monthly amortizationÂ
- Very low down paymentÂ
- Longer payment terms
The China Bank auto loan is not only for the purpose of purchasing a brand new or second-hand car. An individual may also apply for it for the purpose of the reimbursement of the money he or she used in purchasing a vehicle.
To apply for the loan, there are China Bank auto loan requirements that the applicants need to prepare. Here is the list of the documents needed:
- Certificate of Employment stating length of service and monthly compensation package (for employed individuals)
- Latest Income Tax Return (ITR) with Statement of Assets and Liabilities (if self-employed)
- Photocopy of Business Registration Papers (if applicable)
- Community Tax Certificate of the principal borrower and all co-borrowers
One of the main requirements as well is an AutoPlus Loan Application Form. The form for individual applicants and partnership or corporate applicants may vary.
To get a copy of the form, you may download it from the official website of China Bank – https://www.chinabank.ph.
Submit the duly-accomplished loan application form together with the requirements at China Bank branch where you want to make your application.
We’re pleased to have helped you on your inquiry regarding the process in applying for an auto loan to China Bank. Thank you for visiting us. Rest assured we’ll continue to post informative updates.