Auto loan question

**shadow** · December 2nd, 2014 05:29 PM

Originally Posted by airmanloloko

Yes sir but with other banks like BDO yung friend ko nadefault cya for five months then nasettle nya yung account nya na hindi nmn po cya na-"billed in full". nagtataka lang po ako bakit po billed in full agad without prior notice and hindi na po tinatanggap payment ko.

Why keep on comparing with other banks? Ano ba bangko mo and ano nakasulat Sa pinirmahan mo?

**Yuki13** · December 2nd, 2014 05:35 PM

TS ano ba nakalagay sa contract? ang alam ko dapat macharge lang ng late payment penalty fee yung unpaid amount mo for the past month.

**1D4LV** · December 2nd, 2014 05:47 PM

Originally Posted by Yuki13

TS ano ba nakalagay sa contract? ang alam ko dapat macharge lang ng late payment penalty fee yung unpaid amount mo for the past month.

depende sa bank yan eh... by signing the loan agreement, you agree to the terms and conditions of the contract.
maski i complain mo pa din yan, basta nag sign ka sa contract, wala kang laban.

**airmanloloko** · December 2nd, 2014 05:47 PM

Originally Posted by shadow

Why keep on comparing with other banks? Ano ba bangko mo and ano nakasulat Sa pinirmahan mo?

Sir I'm comparing it with other banks kasi po they are governed by BSP na may laws po for that. Wla rin po ako nabasa sa contract ko about dun. I'm still in contact with the agent of the car dealer kc sila po naghanap ng bank para po sa car loan ko.

**S&S4.1** · December 3rd, 2014 12:17 AM

Originally Posted by airmanloloko

Sir I'm comparing it with other banks kasi po they are governed by BSP na may laws po for that. Wla rin po ako nabasa sa contract ko about dun. I'm still in contact with the agent of the car dealer kc sila po naghanap ng bank para po sa car loan ko.

The thing is the BSP only has mandate on currency issues and general aspects that effect banking institutions. The Car Loan is a business transaction between you and the bank covered by a contract, ang may jurisdiction dyan mga korte na. Unless you signed under duress, you are legally bound by the conditions set when you signed it.

**_Qwerty_** · December 3rd, 2014 09:15 AM

dapat bago ka nag default binasa mo yung contract.. i agree medyo mabilis yang 1 month.. pero kung yun ang nakalagay sa contract and pinirmahan mo.. ibig sabihin pumayag ka sa terms nila..

masama nyan.. malalagay ka pa sa black list.. ganyan nangyari don sa kaibigan ko.. nahatak yung oto.. he tried to apply agad for another auto loan sa ibang bank, even sa ibang dealers after 3 days.. ayun declined na agad..

**shadow** · December 3rd, 2014 09:37 AM

tama si qwerty, mabilis ang one month, usually mga 3 months yan..ano ba kasing bank yan baka yun maliiit na bank kaya ganyan kabilis?

and kahit na 3 months ka pang defaulted pwede pa rin maayos yan and to continue your loan, baka sa risk management ka na makipagusap siguro.

are you telling the truth na 1 month ka lang defaulted? naka received ka ba ng mga demand letters? saka anong bank ba yan? bakit ayaw mo pang sabihin?

**Lew_Alcindor** · December 3rd, 2014 09:48 AM

mga kapatid, Plantersbank nga daw ang banko. Nasa third post pa niya sinabi na Plantersbank.

**shadow** · December 3rd, 2014 10:03 AM

well, wala ako kakilala na nag car loan sa planters bank. laging sa mga big 3 banks, baka kasi maliit silang bank ang mahigpit sila sa loan. since 3 years ka na nagbabayad, kumita na sila, kaya hatakin na nila agad collateral... unlike sa mga usual banks na sanay na sa mga car loans...

**Centrino Philip** · December 3rd, 2014 10:08 AM

Originally Posted by shadow

well, wala ako kakilala na nag car loan sa planters bank. laging sa mga big 3 banks, baka kasi maliit silang bank ang mahigpit sila sa loan. since 3 years ka na nagbabayad, kumita na sila, kaya hatakin na nila agad collateral... unlike sa mga usual banks na sanay na sa mga car loans...

anu pong bank nyo sir? anu po kaya mas ok na bank? PSBank,BPI,BDO