Motorcycle Loan
Conquer the road with your dream motorcycle.
Get it with Cebuana Lhuillier Bank.
Minimum downpayment of 5%
Low monthly amortization
Easy payment and flexible terms
Product Details
Regular Motorcycles | Medium Bikes | Big Bikes | Vespa | |
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Loan Term | 12 to 36 months | 12 to 36 months | 12 to 60 months | 12 to 36 months |
Minimum Down Payment | 5% of SIP | 18% of SIP | 20% of SIP | 10% of SIP |
Min – Max Loan Amount | Php 40,000 minimum loan Maximum loan amount will depend on the SRP of the motor vehicle unit |
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Mode of Payment | Auto Debit Arrangement, Post Dated Checks, Salary Deduction |
ELIGIBILITY
- Not less than 21 years old and not more than 65 years old upon loan maturity;
- Single or married; if married, the spouse should sign as co-maker of the Promissory Note and other pertinent loan documents
- If employed,
- at least two (3) years of continuous employment with current employer;
- employer must have been operating for at least three (3) years
- If employed,
- must be engaged in the business or profession for at least three (3) years;
- business or profession must be profitable at least in the immediately preceding year
LOAN REQUIREMENTS
- Completely filled out Application Form
- One (1) Valid Government ID(See list of valid IDs)
- Latest Proof of Billing
Employed
- Three (3) months latest Payslips
- Certificate of Employment indicating salary, position, and length of employment
Self-Employed
- Business Permit (Barangay Permit, Mayor’s Permit, SEC Registration, or Certificate of Registration)
Income Documents
- Latest Financial Statement
- Income Tax Return with BIR Stamp
- Three (3) Months Bank Statement
- Three (3) Months Income Graph (Tech and App-Based TVNS)