Car Mortgage Loan

Eligibility

  • 24 – 64 years old

  • Filipino citizen

  • With existing owned car unit

  • The car year model is not more than 10 years

  • Fully paid and not encumbered to any other financing

  • With existing checking account

  • Regular employee for at least 1 year

  • If self-employed, business should be operating for 2 years

  • Must be residing in present address within Metro Manila for 2 years or more

Requirements

  • 2 Government issued IDs

  • For employed, Certificate of employment and latest 1 month payslip; or Company ID and latest 1 month payslip

  • For employed, Latest ITR or BIR Form 2316

  • For self-employed, Business permit, SEC or DTI

  • For self-employed, Latest Income Tax Return or BIR form 1701 or Latest Annual Financial Statement

  • Barangay clearance (For loan purposes)

  • Proof of billing/residency

  • Clean OR/CR named under the borrower’s name

  • Inspection report from the LTO

  • Latest picture of the vehicle

  • Post-Dated Checks

  • Bank statement, latest 3 months

Loan Details

  • Maximum loan amount is 1M.

  • 3% add on interest rate

  • 5% service fee

  • Maximum of 48 months in terms of payment

  • Post-dated check for mode of payment

Conditions

  • Late penalty 3% per month

  • Need to change the name of car insurance (from the borrower to Philippine Top Platinum Lending Corporation)

Service Fee Breakdown

  • Notarial Fee 1 (Loan Agreement) = approximately PHP 3,000.00

  • Notarial Fee 2 (Promissory Note) = approximately PHP 3,000.00

  • Notarial Fee 3 (Disclosure Statement) = approximately PHP 3,000.00

  • Notarial Fee 4 (Real Estate Mortgage) = approximately PHP 3,000.00

  • Annotation Fee/LTO = based on amount & LTO

  • Documentary Stamp Tax = 0.75% of loan principal

  • Business Tax = 0.70% of loan principal

  • Credit Investigation Fee = based on CI

  • Other Expenses = 5% of loan principal, net of the above fees

Qualified? Send in your application now.

Fill-out the application form completely and follow the instructions stated in the online form.

Prime Loan Plus is the brand of Philippine Top Platinum Lending Corporation is a Lending Company duly registered and licensed with the Securities and Exchange Commission.

02 8805 7830

0917 700 1794
0998 598 4756

info@primeloan.ph

[Head Office] Unit 1505 The Pearlbank Centre, 146 Valero St., Salcedo Village, Makati City

SEC Company Registration No. CS201421830

Certificate of Authority No. 1899

ALL RIGHTS RESERVED 2018 © www.primeloan.ph