Who Are Qualified To Apply for Robinsons Bank Motorsiklo Loan Offer
ROBINSONS BANK MOTORSIKLO LOAN – Here are the qualifications in applying for the motorcycle loan offer of the bank.
Are you planning to purchase your own motorcycle soon or add a new one and you want to do it under a loan offer? One of the entities that you may turn to is Robinsons Bank.
A lot of banks in the Philippines don’t have motorcycle loan offers. This is one of the services that sets the Robinsons Bank, a commercial bank, apart from many other entities of its kind in the Philippine banking industry.
The Robinsons Bank Motorsiklo Loan is open to finance the purchase of both regular or solo bikes and big bikes. Both brand new and pre-owned units’ purchase can be financed by the bank.
Who are qualified to apply for the motorcycle loan offer? The Robinsons Bank Motorsiklo Loan qualifications actually depend if you are locally-employed or self-employed.
Here are the Robinsons Bank Motorsiklo Loan qualifications for application if you are locally-employed:
- at least 21 years old at the time of the loan application
- not more than 65 years old at the time of the loan maturity
- a regular employee for at least one (1) year already at the current employer
- owning a residential property for at least a year already or renting for at least two (2) years already
If you are self-employed, here is the eligibility criteria in applying for the Robinsons Bank loan offer:
- at least 21 years old at the time of the loan application
- not more than 65 years old at the time of the loan maturity
- business must be operating for at least two (2) years already
- owning a residential property for at least a year already or renting for at least two (2) years already
With regards to the loanable amounts, it depends on the type of motorcycle you want to acquire as well as whether it is brand new or pre-owned. Here is a guide on the downpayment set by the bank:
- Regular/Solo Bike — at least 10% based on the Standard Retail Price (SRP)
- Big Bike — at least 30% based on the SRP
- Second-Hand Unit — at least 8% based on the SRP
The loan is payable from six months up to 36 months or within three (3) years. Aside from the eligibility requirements, there are documentary requirements that you must prepare and submit in applying for the loan offer.