Details about the Robinsons Bank Car Loan Loanable Amounts
ROBINSONS BANK CAR LOAN – Here is a guide on the loanable amounts for the financing of the purchase of brand new and pre-owned vehicle units.
Are you looking for a bank where you may apply for a loan to finance the purchase of your dream vehicle? One of the entities that you may turn to in the Philippines is the Robinsons Bank. It is one of the popular and trusted banks in the country.
The Robinsons Bank Corporation is also called RBank and it provides banking services for retails and business clients. One of its offers is the Robinsons Bank Car Loan that is ready to finance car purchases and for refinancing.
The Robinsons Bank’s loan offer can finance the purchase of both brand new and pre-owneed vehicle units. The bank requires a downpayment of at least 20% of the Standard Retail Price of the vehicle.
With regards to the Robinsons Bank Car Loan loanable amounts, it depends whether you are purchasing a brand new car or a pre-owned vehicle. Here is a guide:
- For Brand New Vehicles — up to 80% of the net cash price
- For Used Cars — up to 70% of the appraised value of the vehicle
The loan terms also depend if the vehicle purchased or refinanced under the loan offer is brand new or pre-owned. You can really choose for an installment option that will not hurt your pockets.
For brand new cars, 12 months to 60 months of repayment is allowed by the bank. For second hand cars, at least 12 months up to 48 monthly installments is allowed.
The Robinsons Bank loan application process is fast and easy. If you want to ensure saving money, time, and energy for the application process, it is best to follow the flow on how to apply for the loan offer.