For many people, having a car is the most essential investment they can make. Vehicles help avoid packed public transportation. Moreover, it can be used to drive their friends and family to a local destination. You can now get one with a Robinsons Bank Auto Loan.
With the convenience and utility offered by automobiles, you might be thinking of getting one for yourself. There is no need to worry about the funds you will need to purchase the car of your dreams. You can get an auto loan from reputable banks.
If you are looking for a great car loan to fund your purchase, you might want to check out the Robinsons Bank Auto Loan. Here’s what you need to know.
Robinsons Bank Auto Loan Features & Benefits
This loan is designed to help you acquire a brand-new vehicle or to purchase a used one. In addition, you can also use this loan to refinance your auto-related debts.
Borrowers can get as much as 80% of the net cash price of a brand-new car or up to 70% of the appraised value of a used one.
You can repay the amount depending on the term you choose. Brand-new car loans are payable over 12 to 60 months, while used ones can be payable over 12 to 48 months.
This loan is available for all kinds of individuals. You can apply whether you are locally employed or self-employed. This also applies to you if you are the owner of a partnership or a corporation.
Land and sea-based overseas Filipino workers are also welcome to apply.
This loan covers a huge chunk of the cost of the vehicle you are looking to purchase. However, you need to remember that you will not be able to borrow an amount equal to the entire price of the car.
Therefore, you will need to have the rest of the funds necessary to purchase the car you want.
Whether you are a Filipino or a foreign citizen, you can apply for this offer as long as you are at least 25 years old at the time of the application. If you are employed, you should have been working for at least 3 years and with your current employer for at least 6 months.
For businesses and owners, the company should be operational for at least 3 years. If you do not meet these criteria, you will need to wait until you are eligible.
How To Apply
Applying for this loan is easy. Head on to their website and fill out the application form. Get in touch with Robinsonsbank and submit the requirements. Then, you just need to wait for your approval.
You will need to present the necessary documents. The requirements vary depending on your source of income. If you are a locally employed individual, you need a certificate of employment, ITR, a copy of government IDs and proof of billing.
Rates & Charges
- Registration to Registry of Deeds (RD) – Depends on the applicable fees set by the RD
- Processing fee – ₱5,000
- Late Payment – 5% per month on unpaid amortization
Bank Address & Contact Details
You can get in touch with the bank’s customer care at 8637-CARE (2273). Alternatively, you can send a message through their customer care page, which can be found on their website.
You can set an appointment just by providing your name, contact number, email address, and your comments.
Having access to funds to purchase the car of your dreams is one of the best things that could happen. To get the Robinsons Bank Auto Loan, just reach out to the bank and you will be driving your own car in no time.
Note: There are risks involved when applying for and using a loan. Consult the bank’s terms and conditions page for more information.