Guide on PNB Auto Loan Features & Application Process
PNB AUTO LOAN – You can check here the details about the Auto Loan offer of the Philippine National Bank and the application.
Nowadays, more and more people realize the value of having a car of your own. Having your own wheels, you can get to your destination anytime and at the safest speed for you and your family or anyone who is riding with you in the vehicle.
A car is an emergency preparation. With it, you can go to somewhere anytime you need even in the wee hours of the day. It can be one of the preparations against emergency situations.
However, a car purchase requires thousands of money, too, and not everyone is ready to do it in cash. Meanwhile, nowadays, there are several options that you can turn to for a car purchase. There are loans that can finance your purpose.
One of the car loan providers in the country is the Philippine National Bank or more popularly called PNB. It is one of the longest-serving banks in the country and it has gained the trust of countless Filipinos.
The PNB Auto Loan offer is ready to finance the purchase of brand new cars. It takes pride in its loan features securing affordable monthly dues for the clients.
How much is loanable under the PNB Auto Loan offer? Here are the minimum and maximum amounts allowed for borrowing under the offer:
- Minimum Loanable Amount — Php 300,000
- Maximum Loanable Amount — up to 80% of the selling price of the brand new car
Under the loan offer, there are several car-making companies that are accepted by the bank for financing. The list includes Ford, Honda, Hyundai, Mitsubishi, Nissan, and Toyota which are among the most popular car dealers in the country.
The Philippine National Bank is ready to finance brand new passenger cars, AUV, SUV, pick-up, and van purchase among others. The downpayment is at least 20% of the selling price of the vehicle depending on the result of the loan application.
With regards to the loan term, the loan is payable in 12, 18, 24, 36, 48, and 60 monthly amortizations. The loan offer is open for both salaried and non-salaried individuals with varying qualifications and documentary requirements for application.
Aside from the Auto Loan offer of the Philippine National Bank, another reputable bank that offers a car loan is the UnionBank Philippines.
