Guide on Robinsons Bank Motorsiklo Loan Features & Application
ROBINSONS BANK MOTORSIKLO LOAN – Here are the features and the requirements in applying for this loan offer of Robinsons Bank.
Are you excited to drive your own vehicle? You may purchase it the soonest time possible if you qualified and passed the assessment of the Robinsons Bank. One of the reputable banks, financing a motorcycle purchase is one of its offers.
The Robinsons Bank Motorsiklo Loan offer is open to finance the acquisition of a brand new motorcycle and a second-hand unit. Under the offer, the downpayment depends on the type of motorcycle:
- Regular / Solo Bike — at least 10% based on the Standard Retail Price (SRP)
- Big Bike — at least 30% based on SRP
- Second-Hand Unit — at least 8% based on SRP
With regards to the loan term, the borrowed amount for the motorcycle purchase is payable for at least six (6) months up to 36 months or within three (3) years. The loan offer is open for both salaried and non-salaried individuals.
The qualifications under the Robinsons Bank Motorsiklo Loan depends if you are locally-employed or self-employed. Here are the eligibility criteria set under the loan offer:
For Employed Individuals:
- at least 21 years old but not more than 65 years old upon loan maturity
- regular employee for at least one (1) year
- owned a residential property for at least 1 year / Rented for at least 2
For Self-Employed Individuals:
- at least 21 years old but not more than 65 years old upon loan maturity
- owned a residential property for at least 1 year / Rented for at least 2
- in operation for at least 2 years
Under the Robinsons Bank Motorsiklo Loan, the documentary requirements depend if you are locally-employed, self-employed, an overseas Filipino worker (OFW), or a partnership or corporation. Here are the documents required by the bank:
Locally-Employed Individuals:
- duly-accomplished and signed Robinsons Bank Loan Application Form
- Latest one month payslip / Certificate of Employment
- photocopy of government issued IDs
- proof of billing
Self-Employed Individuals:
- duly-accomplished and signed Robinsons Bank Loan Application Form
- Latest 3 months Bank Statements
- DTI Registration
- photocopy of government issued IDs
- proof of billing
Overseas Filipino Worker (OFW)
- duly-accomplished and signed Robinsons Bank Loan Application Form
- Employment Contract
- 3 months Proof of remittance
- photocopy of government issued IDs
- proof of billing
Partnership or Corporation
- duly-accomplished and signed Robinsons Bank Loan Application Form
- Latest 3 months Bank Statements
- Latest GIS
- Income Tax Return (ITR) & Audited Financial Statement (AFS) for the last 3 years
