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Consumer Finance: Truck Financing
A loan facility extended to individual or companies for the purpose of financing acquisition of new or reconditioned trucks. Facility is open to qualified applicants whose registered business (proprietorship, partnership, or corporation) have been in continuous profitable operation for at least three (3) years.
 
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Features Benefits Requirements Contact Us  
 
Minimum amount of loan is P100,000
Eligible truck units are limited to four (4) and six (6) wheelers only
Minimum downpayment at 30% of net cash price for new and 40% for reconditioned units
Repayment term of maximum of three (3) years for new and two (2) for reconditioned units
Loan repayments in equal monthly amortizations via post-dated checks (PDC) or automatic debit arrangement
Financing acquisition of 5 or more units shall fall under fleet financing
Acceptable collateral - chattel mortgage on financed unit
   


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