New Vehicle Loan is much like a mortgage in which you use the property you are getting the loan for as collateral for the loan. In this case the new car you are buying will be your collateral for the loan, so if you do not pay it back the lender has the right to repossess your car.
It is much more efficient to get your new vehicle loan online, because it has the lower rates compared to most dealerships that sometimes add to your interest rate in order to increase their profit. They will match your interest rate and add more months to the length of the loan that will cost you more. But with LoanDirect.com.ph we will make sure that you will get the lowest rates and can get approved almost instantly. Apply now and get a response by next business day!
Document Requirements:
If Employed:
- Latest certificate of employment
- Company ID and other Valid ID (Passport, SSS ID, Driver’s License, TIN ID or Voter’s ID)
If Self Employed:
- Business Papers
- DTI Certificate
- 2 Valid ID’s
- 3 Months Latest Bank Statements
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