whats the Basis for installment approval?

[didot]

Hi guys im totally new here, i'd like to know sana if ano ba ang basis para maapprove ng installment? first of sabihin ko muna background ko, i have a decent job for 2 years mahigit sa isang maliit na company my prob is wala kasing iniissue na ITR samin kasi di naman malaking company to payslip lang also bago lang account ko sa BDO pano kasi for almost 6 years sa BPI ni kahit credit card or checking account di ako inapprovan maganda naman standing ko wala rin akong loan or whatsoever pero ewan ko ba sa branch ko na yon kaya nadismaya ako anyway ano po ba dpat ko gawin para magkaron ng chansa na magkakotse? may idea ako e ewan ko kung uubra

ask my sister to apply for me haha pero ako ang magbabayad ng dp at monthly gang matapos saka ilipat sa pangalan ko ito na ata pinaka madali? or ewan ko lang kung pwede yang ganyan,

ano ba ang basehan ng banko? kasi ang advise sakin ni BDO para malaki chance ko in the future just incase gusto ko mag apply ng loan nila personal/business dapat maganda standing ng account ko like di bumababa ng 50k a month for 6 months, which is ok lang naman sakin kaya ko naman mag tiis haha kaso paano pag kotse na pinag uusapan?

pls. advice naman po plano ko kasi sana kia picanto or kia soul

salamat ng marami

[Egan101]

If your company does not issue you an ITR, what is the assurance that they are paying your taxes?

[jut703]

Meron ka bang extra 25k per month on top of your usual expenses? Kung wala, wag ka na muna bumili ng kotse - mahahatak lang yan.

Monthly amortization is roughly 12-15k/month depending on the car. Fuel is roughly 3-5k. Parking and toll is about 2-3k. Then you have annual insurance and quarterly maintenance costs which amounts to about 3k per month.

Sa sobrang dali mag-approve ng banko these days, pag hindi ka na-approve, most likely ibig sabihin hindi mo pa talaga kaya.

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[_Qwerty_]

kahit maliit na company.. kailangan may ITR.. pag wala.. kabahan ka na..

[sean-archer]

kahit maliit na company.. kailangan may ITR.. pag wala.. kabahan ka na..

Im no HR guy, pero minimum wage earner lang yata ang exempted sa income tax?

TS, ilang personnel po ba kayo sa company?

[arvs18]

kahit maliit na company.. kailangan may ITR.. pag wala.. kabahan ka na..

Haha baka kinakaltasan sya ng tax pero nabubulsa pala

He better check online or from one of the branches kung nahuhulugan ba talaga yung binabawas sa kanya.

[Lew_Alcindor]

To directly answer your question:
1) gross income
2) credit standing (if any)

Since ikaw na din nagsabi na maliit ng kumpanya yang pinagtatrabahuhan mo tapos wala pang ITR, mejo may concern na sa capablity to pay. Wag mo itong masamain dahil sa ikabubuti mo din. Ayaw namin sa masama ka sa mga taong bumili tapos mababatak din sa kahulihan.

Ang tanong ko, magkano ba target mong kotse at magkano kaya mong downpayment. Kung 10% lang kaya mong downpayment, wag mo na ituloy plano mo.

[_Cathy_]

Sinubukan ko dati (out of curiosity) kung ma approve ako. Wala pa ko 1 yr sa work so wala pang ITR. 50% down and 3 yrs to pay yung terms. Approved naman (ni refer ako kuya ko sa kilala niya sa BDO) Alam ko BPI mas mahigpit.

Mas malaki chance mo ma approve pag at least 50% down siguro at shorter term.

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[dr. d]

Hi guys im totally new here, i'd like to know sana if ano ba ang basis para maapprove ng installment? first of sabihin ko muna background ko, i have a decent job for 2 years mahigit sa isang maliit na company my prob is wala kasing iniissue na ITR samin kasi di naman malaking company to payslip lang also bago lang account ko sa BDO pano kasi for almost 6 years sa BPI ni kahit credit card or checking account di ako inapprovan maganda naman standing ko wala rin akong loan or whatsoever pero ewan ko ba sa branch ko na yon kaya nadismaya ako anyway ano po ba dpat ko gawin para magkaron ng chansa na magkakotse? may idea ako e ewan ko kung uubra

ask my sister to apply for me haha pero ako ang magbabayad ng dp at monthly gang matapos saka ilipat sa pangalan ko ito na ata pinaka madali? or ewan ko lang kung pwede yang ganyan,

ano ba ang basehan ng banko? kasi ang advise sakin ni BDO para malaki chance ko in the future just incase gusto ko mag apply ng loan nila personal/business dapat maganda standing ng account ko like di bumababa ng 50k a month for 6 months, which is ok lang naman sakin kaya ko naman mag tiis haha kaso paano pag kotse na pinag uusapan?

pls. advice naman po plano ko kasi sana kia picanto or kia soul

salamat ng marami

simplistically, it is based on the bank's gauge of the customer's ability to pay the debt. bases include:
1. steady source of sizeable income. the easiest way is thru the income tax return. if you don't have one, you will have to come up with a way to convince them that you have enough income.
2. credit diligence. is the customer able to discipline himself enough, as to pay debts on time? this is usually thru credit history. these include credit card history, utility bills like meralco and nawasa, and others. also, the latter will give the creditor an idea that customer has a reliable address. in case he gets sick for a long time and skips the monthlies, they know how to find him. heh heh.

now, if you are well connected, of course the above can easily be waived.
if you have a huge amount of money invested in that bank (for them to hold hostage, while you are paying for the car. heh heh.), waiving is also very possible.

happy convincing!

[Rhayan04]

dpede din sa diskarte ng agent

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[_Cathy_]

dpede din sa diskarte ng agent

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MODERATOR'S WARNING: Text speak is not allowed.

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[_Qwerty_]

minsan may bearing din yung home address mo.. may mga areas na kahit anong apply nila hindi sila na approved.. either bahain yung area or madami squatters..

[Yatta]

Hi guys im totally new here, i'd like to know sana if ano ba ang basis para maapprove ng installment? first of sabihin ko muna background ko, i have a decent job for 2 years mahigit sa isang maliit na company my prob is wala kasing iniissue na ITR samin kasi di naman malaking company to payslip lang also bago lang account ko sa BDO pano kasi for almost 6 years sa BPI ni kahit credit card or checking account di ako inapprovan maganda naman standing ko wala rin akong loan or whatsoever pero ewan ko ba sa branch ko na yon kaya nadismaya ako anyway ano po ba dpat ko gawin para magkaron ng chansa na magkakotse? may idea ako e ewan ko kung uubra

ask my sister to apply for me haha pero ako ang magbabayad ng dp at monthly gang matapos saka ilipat sa pangalan ko ito na ata pinaka madali? or ewan ko lang kung pwede yang ganyan,

ano ba ang basehan ng banko? kasi ang advise sakin ni BDO para malaki chance ko in the future just incase gusto ko mag apply ng loan nila personal/business dapat maganda standing ng account ko like di bumababa ng 50k a month for 6 months, which is ok lang naman sakin kaya ko naman mag tiis haha kaso paano pag kotse na pinag uusapan?

pls. advice naman po plano ko kasi sana kia picanto or kia soul

salamat ng marami

Red flag yan na you are working for 2 years na sa isang company at wala kang ITR. I wonder what kind of accounting is happening in that company. Check your payslip kung may nababawas na income tax. Baka binubulsa nila yan.

[papi smith]

Q. whats the Basis for installment approval?

A. capacity to pay measured by:

1. steady income - need ITR as proof
2. net worth - bank deposit
3. rich parents - deposit on same bank

If i were the loan officer and I recommend you for approval despite having none of the above, siguradong tsugi ako sa boss ko

Kung qualified ang sis mo, that's ok, mag deed of sale na lang kayo.

[shadow]

Face value? [emoji41]

Capacity to pay and walang bad record. Sabi ko nga eh ang Car loan ngayon parang Credit card na lang sa sobrang bilis nila mag approve.

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[_Cathy_]

minsan may bearing din yung home address mo.. may mga areas na kahit anong apply nila hindi sila na approved.. either bahain yung area or madami squatters..

Wow this is something new for me. Pero madami naman area na makitid na kalye at walang garage mga bahay pero may nakaparada pa na auto sa kalye. Sa Makati district 2 marami ganyan.

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[papi smith]

yeah, palagay ko kahit wala kang work, kung ang address mo ay ayala alabang, approved ka eh

[glenn manikis]

Monthly income and 6 months bank deposit lang pinakita ko.... approved naman ako agad...

[dr. d]

Monthly income and 6 months bank deposit lang pinakita ko.... approved naman ako agad...

they probably checked and re-checked the zeroes and the decimal point locations, many times.
heh heh.

[ssaloon]

I just provided the information the bank requested (monthly income, designation, company, etc). Within a week approved naman.

I guess it helped we've been banking at that branch for over 2 decades na and ex-OFW ako