Auto loan disapproved! help!

**ajkotse** · October 22nd, 2012 03:41 PM

Originally Posted by slapz

You do realized that applying online will be approved by a machine based on the set rules, right?

Wala atang subjective reasoning mga machines last time I checked.

I guess hindi po sila machine kasi nagreply ako sakanila why hindi ako na-approved, at nagreply back din sila na hindi daw po sila nagloloan ng Hyundai or Kia Brands..

**skybison** · October 22nd, 2012 04:36 PM

4yrs ago, pinagsabay ko 2 personal loans (thru GF, now my wife).

100k BDO 4k+/36mos to pay
120k PSBank 5k+/36mos to pay

binili ko ng oto worth 160k (me 60k kupit, nyahaha). 10k/mo naman budget ko for loan, sa awa ng dyos - natapos na din na walang sablay. Ngayon hinahabol si mrs para mag renew at maganda record namin. (nya pala) :D

earlier this yr, nagloan kme ng bnew - under my name. Ayun, lumabas yun bad record ko NINE(9) years ago with a creditcard company/bank. Nakita ko mismo sa application ko, me note: "settle from ** bank, clearance, etc", PERO dahil naghahabol sila ng sales quota - siguro pumikit mata na lang sila and ina-approved yun application ko. kaya if i may say, weather-weather pa rin yan application na yan. Hindi pa kme gumamit ng ka-braso nito. Sorry i won't be divulging the bank - coz i believe case-to-case pa rin yan. ;)

Nun sinabi ko sa casa na wala akong preferred bank (bahala na sila i-mean) a few hours when i left the casa - 5 banks tumawag sa akin at nag verify, etc.

Re: Bad cc (bata pa nuon e, walang control sa kaskas - and the cc was "pre-approved", which i didn't applied for, dala na din ng magandang company na pinapasukan ko nuon). Now that i'm eyeing for a house & lot loan, have to settle that bad record 9yrs ago.

**999** · October 22nd, 2012 09:32 PM

Originally Posted by ajkotse

Guys just an update... hindi pala dahil sa credit history,financial statement ako nadisapproved. hindi pala sila nagloloan ng KIA at Hyunda Brands

Kaka-email lang sakin ng BPI. Pero baka magpersonal loans nalang ako... less hassle pa at makakapag-negotiate pa ako sa price since cash ko siya bibilhin sa buyer...

Still having second thoughts narin if I will go for Hyundai Brand...

I will try to apply for a personal loan... will update this thread if magkano kaya nila ipautang sakin.

Salamat ng marami sa tulong guys! Much appreciated!!!

...you may try other banks like PSBAnk..,..i think they do approve KIA and HYUNDAI brands...since my colleagues got their units tru psbank from my account officer..

**Gumusut_Amige** · October 22nd, 2012 10:41 PM

Originally Posted by ajkotse

I agree kay vinj!

problem is 2nd hand repossesed cars lang ang niloloan ng PSbank.. lets say I'm getting vios 08. Sa bank 400k siya (with the risk of baka binaboy ng previous owner dahil alam nila mahahatak na) compare sa 350k pagbinili mo sa private owner. 50k ang difference. kahit mas maliit ang interest ng 2nd hand repossesed cars, mas malaki yung risk na baka nga binaboy atska hindi mo pa alam history ng car. kung magpepersonal loan ako... I can stretch out my budget ng +50k sa interest... so Okay lang din kahit mas mahal ang interest. at least sa private owner ka pa makakabili, makakahaggle ka ng price at alam mo history ng car :D

Most private owners ayaw ng financing since gusto nila cash nila makukuha.. kung papayag naman sila sa financing madalas tinataasan price or hindi ka na makatawad

dahil nga sa abala at madami pa kelangan gawin...

Siguro for now I'll pursue personal loans... :D

bro, try to visit as many banks as you can for better deal.
kahit maliit yang loan amount mo may kita pa rin sila diyan.
ganito ang ginawa ni wifey when she's looking a bank to finance a 10-wheeler truck lately.
she got the best deal and ended up with metrobank

**ajkotse** · October 22nd, 2012 11:07 PM

Originally Posted by Gumusut_Amige

bro, try to visit as many banks as you can for better deal.
kahit maliit yang loan amount mo may kita pa rin sila diyan.
ganito ang ginawa ni wifey when she's looking a bank to finance a 10-wheeler truck lately.
she got the best deal and ended up with metrobank

bro ask ko lang kung brand new kinuha ng wife mo sa metrobank? kasi ung agent na kausap ko dun hindi sila tumatanggap ng 2nd hand cars... mga brand new lang daw inaaccept nila... kung 2nd hand daw sa psbank (sister company) daw nila ako pumunta.

**robot.sonic** · October 22nd, 2012 11:14 PM

may mga babayaran pa ba na chattel mortgage pag 2nd hand kinuha mo thru financing? kailangan pa ba nila ng comprehensive insurance?

kung oo, baka naman mas mataas pa bayaran mo compared sa pag personal loan na lang.

**Gumusut_Amige** · October 22nd, 2012 11:18 PM

Originally Posted by ajkotse

bro ask ko lang kung brand new kinuha ng wife mo sa metrobank? kasi ung agent na kausap ko dun hindi sila tumatanggap ng 2nd hand cars... mga brand new lang daw inaaccept nila... kung 2nd hand daw sa psbank (sister company) daw nila ako pumunta.

bro, 10 wheeler truck ang sinasabi ko... definitely hindi namin kaya ang brand new nun.
yup 2nd hand sya pero almost ka price nya ang new good suv na

**ajkotse** · October 23rd, 2012 01:08 AM

Originally Posted by robot.sonic

may mga babayaran pa ba na chattel mortgage pag 2nd hand kinuha mo thru financing? kailangan pa ba nila ng comprehensive insurance?

kung oo, baka naman mas mataas pa bayaran mo compared sa pag personal loan na lang.

Yup may mortgage fee kahit sa 2nd hand. siguro un lang ang minus factor sa 2nd hand financing...

kasi yung comprehensive insurance, transfer fee kelangan mo talaga bayaran at mag-alot ng money para dun, same with parking,gas,toll,maintenance..

for me much better talaga ang personal loans lalo na kung maliit lang naman uutangin mo, like sakin 150k lang... less hassle pa sa seller, makakahaggle ka pa sa price

**ajkotse** · October 23rd, 2012 01:12 AM

Originally Posted by Gumusut_Amige

bro, 10 wheeler truck ang sinasabi ko... definitely hindi namin kaya ang brand new nun.
yup 2nd hand sya pero almost ka price nya ang new good suv na

I see.. Sabi kasi nung agent ko hindi daw sila nagfifinance ng 2nd hand... (so san napupunta yung repossesed cars nila) 100% nakakabayad? impossible naman ata yun...

2 options
1. tingin ko napupunta yun sa PSbank sister company nila
2. ayaw lang ako pakuhain ng agent ko ng 2nd hand cars para mas malaki kita nya

baka lumipat ako iba branch ng metrobank at titingin ako sa ibang banks..

for now guys inaayos ko muna lahat ng documents ko para pasa nalang ako ng pasa...

at wait for the approval :D

**999** · October 24th, 2012 09:56 PM

Originally Posted by ajkotse

I see.. Sabi kasi nung agent ko hindi daw sila nagfifinance ng 2nd hand... (so san napupunta yung repossesed cars nila) 100% nakakabayad? impossible naman ata yun...

2 options
1. tingin ko napupunta yun sa PSbank sister company nila
2. ayaw lang ako pakuhain ng agent ko ng 2nd hand cars para mas malaki kita nya

baka lumipat ako iba branch ng metrobank at titingin ako sa ibang banks..

for now guys inaayos ko muna lahat ng documents ko para pasa nalang ako ng pasa...

at wait for the approval :D

pm sent... pls check ur inbox

- - - Updated - - -

Originally Posted by ajkotse

I see.. Sabi kasi nung agent ko hindi daw sila nagfifinance ng 2nd hand... (so san napupunta yung repossesed cars nila) 100% nakakabayad? impossible naman ata yun...

2 options
1. tingin ko napupunta yun sa PSbank sister company nila
2. ayaw lang ako pakuhain ng agent ko ng 2nd hand cars para mas malaki kita nya

baka lumipat ako iba branch ng metrobank at titingin ako sa ibang banks..

for now guys inaayos ko muna lahat ng documents ko para pasa nalang ako ng pasa...

at wait for the approval :D

pm sent... pls check ur inbox