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  1. monterez
    monterez is offline Verified Tsikot Member
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    March 5th, 2012 10:52 PM #1
    mga sir pag brand new car ang kukunin ko at cash payment naman need ko pa bang bayaran ang chattel mortgage fee? ano ba ibig sabihin nyan?
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  2. weisshorn
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    March 5th, 2012 11:12 PM #2
    Quote Originally Posted by monterez View Post
    mga sir pag brand new car ang kukunin ko at cash payment naman need ko pa bang bayaran ang chattel mortgage fee? ano ba ibig sabihin nyan?
    Cash buyer ka syempre wala. Chattel fee para lang yan sa car loan.
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  3. monterez
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    March 5th, 2012 11:32 PM #3
    thank you sir..
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    spencersy
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    June 17th, 2012 10:44 AM #4
    Quote Originally Posted by monterez View Post
    mga sir pag brand new car ang kukunin ko at cash payment naman need ko pa bang bayaran ang chattel mortgage fee? ano ba ibig sabihin nyan?
    in case of loan does anyone know how to compute for chattel mortgage fee?
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    999
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    June 23rd, 2012 01:58 PM #5
    ..u may check with the bank ...depending on the srp
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  6. Thumbdrive
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    June 23rd, 2012 02:20 PM #6
    http://tsikot.com/forums/toyota-cars...dealers-88389/
    hth
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  7. jresperanza
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    July 1st, 2012 07:55 PM #7
    anyone knows how to compute for this chattel mortgage fee???
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  8. Fargin
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    July 21st, 2012 09:02 PM #8
    afaik the higher the dp, the lower the chattel mortgage..
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  9. dfopiso
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    August 7th, 2012 05:20 AM #9
    Quote Originally Posted by jresperanza View Post
    anyone knows how to compute for this chattel mortgage fee???
    sa BPI, about 3.6% ng loanable amount
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  10. stavros
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    August 7th, 2012 04:50 AM #10
    Quote Originally Posted by hwitwowans View Post
    sirs may nakapagsabi saken na pwedeng wala ng chattel mortgage fee kung hindi mo muna ipapangalan sa'yo yung car na ni-loan mo sa bangko hanggat di pa tapos ang pagbabayad mo.totoo kaya ito?at ok lang kaya ito?
    Alam mo ba kung ano talaga yung fee na ito? :D
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  11. hwitwowans
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    August 7th, 2012 04:59 AM #11
    Quote Originally Posted by stavros View Post
    Alam mo ba kung ano talaga yung fee na ito? :D
    paki-explain nga po sir
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  12. dfopiso
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    August 7th, 2012 05:46 AM #12
    Quote Originally Posted by hwitwowans View Post
    sirs may nakapagsabi saken na pwedeng wala ng chattel mortgage fee kung hindi mo muna ipapangalan sa'yo yung car na ni-loan mo sa bangko hanggat di pa tapos ang pagbabayad mo.totoo kaya ito?at ok lang kaya ito?
    Quote Originally Posted by stavros View Post
    Alam mo ba kung ano talaga yung fee na ito? :D
    From wikipedia Chattel mortgage - Wikipedia, the free encyclopedia

    Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel. Legal ownership of the chattel is transferred to the purchaser at the time of purchase, and the mortgage is removed once the loan has been repaid
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    calix0305
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    August 25th, 2012 10:45 PM #13
    afaik chattel mortgage fee is being use by banks to pay for the applications, registrations, tax, and other mandatory documents to the government.
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  14. NightRock
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    June 16th, 2013 11:26 AM #14
    its gonna be my last payment next month.. what are the steps for clearing mortgage?? and is there anything I need to process for registration renewal for relasing mortgage?? what are the step by step procedures?
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  15. Balikpinoy
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    June 16th, 2013 11:37 AM #15
    Quote Originally Posted by NightRock View Post
    its gonna be my last payment next month.. what are the steps for clearing mortgage?? and is there anything I need to process for registration renewal for relasing mortgage?? what are the step by step procedures?
    Contact your bank for the procedures.
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    boybi
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    June 17th, 2013 01:59 PM #16
    Pwede mi naman ipalakad nalang sa bank mo yung pag cancel ng mortgage sa RD and pag kuha ng new CR if wala kang time or hassle for you. Syempre may babayaran kang processing fee.
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chattel mortgage fee