Regular Financing Options


Downpayment
20%, 25%, 30%, 35%, 40% 45%, 50% of Unit Price
Balance
monthly installment -36 months,48 months or 60 months
Other Fees
3 yrs LTO Registration, 3 yrs TPL, Chattel Mortgage Fee and 1 yr Comprehensive Insurance with Acts of Nature. These Other Fees are FREE for All-In Low Downpayment Plans.

Overseas Filipino Worker


1) Ask your authorized representative (a spouse, parent, relative or friend) to contact us for personalized and hands-on servicing.
2)   Make a reservation of Php10,000.00 for the vehicle unit of your choice.  This is advised esp. if your choice vehicle is in demand. Orders are served on a "first - to reserve - first - to- be served" policy. You may pay in cash or check, a corresponding Official Receipt will be issued to confirm your reservation. This will be deducted from your total amount due upon purchase of your vehicle.

3)  FINANCING PROCEDURE

a) Duly fill up Auto Loan Application Form provided herewith and submit it to us for processing.

b) Provide us with a copy of the following:

    1.  Your latest Job Contract or COE with Gross Compensation

    2.  At least 3 months Proof of Remittances to the Philippines

In case of releasing/ delivery of unit in your absence, pls provide us

c) A copy of your Philippine valid ID with 3 specimen signatures (eg. passport, driver's license, PRC, UMID etc)

d) Special Power of Attorney (SPA) for your authorized representative duly consularized  by the Philippine Embassy located in 

    the country where you are working.  (Request for a Sample Form here)

     -   Initially email the SPA to your Authorized Representative to present to us so we will know who to coordinate with here in

          the Phils.

      -   Prior to the release of your vehicle, your Authorized Representative must  submit  the original    

           In lieu of SPA - Your Spouse can now sign the Affidavit of Marital Consent here in the Philippines or some banks allow

           qualified single signatories for auto loan now.

c) Financing applications takes a minimum of 5 days or more to process, depending on individual cases.

d) Inform us when you plan to purchase the unit of your choice.  

Because of the worldwide Covid-19 Pandemic, the country is presently under various Quarantine Levels. Therefore, all banks are operating at half their original workforce (skeletal force).  Processing of auto loan applications take longer now.  Stricter approval requirements are being implemented by the banks.  Please prepare your original documents when you arrive. A copy is to be submitted together with auto loan application for processing of the application. The Latest original COE with Income and Latest Original Utility bills should be submitted prior to release of vehicle.

Submission of complete requirements are needed prior to processing of auto loan applications.

FOR LOCAL BUYERS
1) Make a reservation of Php10,000.00 for the vehicle unit of your choice. Orders are served on a  "first - to reserve - first - to be served" policy. You may pay in cash or check, a corresponding Receipt will be issued to confirm your reservation.  This will be deducted from your total amount due upon purchase of  your vehicle.

2) FINANCING PROCEDURE

a) Duly fill up Application Form provided herewith and submit it to us for loan application processing.  

AUTO LOAN APPLICATION FORM HERE

b) Provide us with a copy of the following:

1. Your latest Contract of Employment with Gross Compensation or Copy of DTI [Business Reg] or SEC if your income is derived from business. Latest 3 months Bank Transactions and/or ITR with Financial Statement. If business is from trade, major supplier/s and regular client/s, business contracts etc.

2. A copy of your Philippine valid IDs with picture and signature (eg. passport, driver's license, PRC ID, UMID, etc)

3. Your Tax Identification Number (TIN) or that of your spouse or if single, your co-maker's TIN  (usually a parent, a brother, a sister)

4. Proof of Billing Address - latest utility bills (original)

Because of the Worldwide Covid-19 Pandemic, the country is presently under various Quarantine Levels. Therefore, all banks are operating at half their original workforce (skeletal force).  Processing of auto loan applications take longer now.  Stricter approval requirements are being implemented by the banks.  Please prepare your original documents.  Submit the copy together with your auto loan application. But the required latest original utility bills should be submitted prior to release of the vehicle.

Submission of complete requirements are needed prior to processing of auto loan applications.


Copyright © 2020 · All Rights Reserved · Auto Search Philippines