#Down payment calculator for car drivers

Apply with another loan provider - While the requirements to avail an auto loan may be similar for every loan provider things like an existing banking relationship may help your chances at getting an approval.

Loan approval is subject If you are rejected by an auto loan provider, you can consider any of the following as possible next steps:. What can I do if I initially get rejected for an auto loan? Proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts etc.) Latest Audited Financial Statement / Statement of Assets and Liabilities/ Statement of Income and Expenses.Ĭertificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation).īank Statement or photocopy of Passbook for last 3 months. Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR) Requirements for Self-Employed / With Business

Proof of Remittance (allotment slips) for at least 3 months. Latest Crew Contract (for seafarer/seaman) Latest Employment Contract duly authenticated by Philippines Consulate (for OFW’s) Latest Certificate of Employment with Compensations. Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR) or pay slips for at least 3 months. Latest Proof of Billing (under borrowers name)įor locally employed applicants, proof of income documents that may be required are as follows:.

#Down payment calculator for car drivers

Proof of Identity: You may use any Government-Issued ID’s including passport, SSS ID, PRC ID and drivers license. Some questions to ask yourself before availing a car loan are:. While buying in cash will provide you with the cheapest overall price, a car loan will provide you with an easier means of paying for a vehicle over an extended period of time. What are the valid ID’s & required documents for an auto-loan?Ĭar loans provide an easier way to avail a vehicle without causing a significant initial dent in your bank balance.