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Overview

 

Park your dream car right at your door steps with Penbank’s fast disposal on Auto Loan. We finance brand new or second-hand vehicles for personal use. Amount Finance is up to 80% of the cost of unit with repayment terms of up to 5 years.

 

Amount
Financed

  • Up to 80% of Net Cash price of the unit

Term

Up to 5 years

Documentary
Requirements

For Applicants Engaged in Business

  1. Duly filled up Application Form
  2. 2 valid ID’s
  3. Latest Business Permit
  4. DTI Certificate of Registration
  5. Latest Two Years Financial Statements
  6.  Latest 3 Months Bank Statements
  7. Other Proof of Income

For Employed Applicants

  1. Certificate of Employment
  2. Pay Slips for the last 3 months
  3. Latest 3 Months Bank Statements
  4. Other Proof of Income

FAQ's

1How much down payment should I make if I like to acquire a brand new car?
We require clients to put up 20% of the total price of the unit as equity or downpayment; the remaining 80% of the cost of unit shall be the amount to be financed by the bank. Apart from the equity to the unit, client has to prepare payment for insurance of the unit, registration fees at the Registry of Deeds and some processing fees.

CLIENT STORIES

RD GROUP OF COMPANIES

Our excellence in performance has earned recognition in the different industries we operate.
We have 48 widely diversified business units and operations that span in the Philippines, Indonesia, Papua New Guinea, Netherlands and United States.