car loan

[EQAddict]

Most banks nowadays require you to have a savings account with them for a minimum of 3 months before you can open a checking account.

Check their policy.




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[jaggerx3]

Hi! Newbie here...

Anyways, Here’s my situation. I have a delinquent CC, say year 2010.and i haven’t settled that until today. So, I tried my luck to apply for a carloan. and i received a text that i got approved at PSbank. i dont have any existing accounts with this bank. Then, after a few days
i paid and settled my dp in full.

as per agent, i am required to produce a PDC for my car to be released. would it be possible for me to apply for Checking account at PS Bank? i tried BPI in where i have my savings account, and i got denied.

thank you in advance!

Get a credit memo from casa. Para ma.open ka ng checking sa partner banks nila

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[I_Construct]

Get a credit memo from casa. Para ma.open ka ng checking sa partner banks nila

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Hi Jagger,

Appreciate the reply! if i already have a credit memo, is it more than enough for me to open a checking account? the unpaid cc will no longer be an issue to the bank?

thank you!

[jaggerx3]

Hi Jagger,

Appreciate the reply! if i already have a credit memo, is it more than enough for me to open a checking account? the unpaid cc will no longer be an issue to the bank?

thank you!

It should, since na approved ka naman na. Laat month i assisted a friend ganyan din issue. Nag fax lang yung casa ng credit memo

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[I_Construct]

It should, since na approved ka naman na. Laat month i assisted a friend ganyan din issue. Nag fax lang yung casa ng credit memo

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Thanks Jagger, mejo clear na ngayon.
really appreciate the reply! hope everything goes well...

[Jheh]

Hi mga lodi,

Newbie here, magtatanong lang sana kung kailangan ba talaga ng co maker kapag magapply ng car loan? May nabasa kasi ako dati (Di ko lang matandaan saan un) na kapag 50k gross income monthly, di na kakailanganin ung co maker. Please advise. And ayos lang ba magapply muna online sa mga banking institutions bago pmunta ng dealer or dealer muna bago sa banks? Thank you

[MamBad]

Hi mga lodi,

Newbie here, magtatanong lang sana kung kailangan ba talaga ng co maker kapag magapply ng car loan? May nabasa kasi ako dati (Di ko lang matandaan saan un) na kapag 50k gross income monthly, di na kakailanganin ung co maker. Please advise. And ayos lang ba magapply muna online sa mga banking institutions bago pmunta ng dealer or dealer muna bago sa banks? Thank you

Getting pre-approval from bank is a good first step so you know up to what amount they will approve makes shopping much easier since you know what you can and cannot buy.

BPI has a pre-approval screening online you can start with that.



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[Jheh]

Getting pre-approval from bank is a good first step so you know up to what amount they will approve makes shopping much easier since you know what you can and cannot buy.

BPI has a pre-approval screening online you can start with that.



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Thank you for the feedback Lodi

[TheUninvited]

Guys, mga P1M+ lang annual gross ko. Pero I'm interested kase sa Vitara GLX which costs 1.048M.

May chance ba na ma-approve yung loan ko? First time ko kase mag-apply ng loan and balak ko online lang haha.

If ever approved, usually gaano katagal validity nun kase I have to sell my current car first (BPI ko balak mag apply ng loan)?

[dreamur]

Guys, mga P1M+ lang annual gross ko. Pero I'm interested kase sa Vitara GLX which costs 1.048M.

May chance ba na ma-approve yung loan ko? First time ko kase mag-apply ng loan and balak ko online lang haha.

If ever approved, usually gaano katagal validity nun kase I have to sell my current car first (BPI ko balak mag apply ng loan)?

Should be enough to get you a loan from any bank.

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[KcireReaver]

paano po magcar loan thru banks na wala ka naman accounts. madali lang po ba or it takes time?

[dreamur]

paano po magcar loan thru banks na wala ka naman accounts. madali lang po ba or it takes time?

It would be faster and convenient if you open an account with the bank first.

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[KcireReaver]

It would be faster and convenient if you open an account with the bank first.

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what bank would you recommend sir? ung hindi masyadong strict at madaling kausap sana

[shadow]

paano po magcar loan thru banks na wala ka naman accounts. madali lang po ba or it takes time?

Kung approved ka kahit saan bank. They'll ask you to open account from them naman.


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[shadow]

what bank would you recommend sir? ung hindi masyadong strict at madaling kausap sana

Kahit anong bank it doesn't matter. Yun rate na lang magkakatalo.

But I'm surprised na wala kang bank account. May work ka na ba?


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[KcireReaver]

Kung approved ka kahit saan bank. They'll ask you to open account from them naman.


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pero sabi naman nila sir mas mababa interest rate kung direct bank at hindi na magthru SA

[dos2]

what bank would you recommend sir? ung hindi masyadong strict at madaling kausap sana

All banks are strict... pero in general eto ang naobserve ko (although not hard rule etong mga to) :
- rural banks are less strict sa requirements vs very big banks (BDO, Metrobank, BPI)
- the lower the bank's interest rate, the stricter
- medium sized banks (Eastwest, RCBC) have slightly higher interest rate vs very big banks (BDO, Metro, BPI)

Better if you try applying for a loan in a bank where you already have an existing account kasi mas madali ka nila iaaprove kahit pa "strict" sila. You may also try applying with those very big banks to compare.

Also, boom ang car industry ngayon... sobrang dali magloan compared to a decade ago at ang baba pa ng mga interest rates. Kahit pa wala kang account, kung yung ITR or income mo naman is more than enough for your loan, kahit di ka kliyente eh papayagan ka nilang magloan sa kanila.

[KcireReaver]

Kahit anong bank it doesn't matter. Yun rate na lang magkakatalo.

But I'm surprised na wala kang bank account. May work ka na ba?


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yes po. actually meron akong account sa landbank(rural bank at landbank lang ang banko samin) pero wala sila autoloan

[KcireReaver]

All banks are strict... pero in general eto ang naobserve ko (although not hard rule etong mga to) :
- rural banks are less strict sa requirements vs very big banks (BDO, Metrobank, BPI)
- the lower the bank's interest rate, the stricter
- medium sized banks (Eastwest, RCBC) have slightly higher interest rate vs very big banks (BDO, Metro, BPI)

Better if you try applying for a loan in a bank where you already have an existing account kasi mas madali ka nila iaaprove kahit pa "strict" sila. You may also try applying with those very big banks to compare.

Also, boom ang car industry ngayon... sobrang dali magloan compared to a decade ago at ang baba pa ng mga interest rates. Kahit pa wala kang account, kung yung ITR or income mo naman is more than enough for your loan, kahit di ka kliyente eh papayagan ka nilang magloan sa kanila.

oh I see. salamat sa info sir

[dos2]

yes po. actually meron akong account sa landbank(rural bank at landbank lang ang banko samin) pero wala sila autoloan

that's unfortunate. if you don't mind, saang town or province ka po?

uu nga nu, walang auto loan si landbank.
yung rural bank samin dito sa laguna may autoloan, pero yun nga napansin ko mas mataas interest nila.