Help: Declined By Banks

[mahalay]

Hello All,

Pag na decline ka ba ng mga banko does it mean di ka na pwede mag apply ulit?

Ang main reason kung bakit ako na decline ay wala akong ITR (dahil computer programmer ako - online jobs) and nag rerent lang ako ng bahay.

Recently nagkatrabaho ako locally (3 months pa lang) yun nga lang medyo malayo sa bahay. Roughly 100km balikan, at the moment minomotor ko lang yan araw araw. Masyadong nakakapagod at nakakatakot kada byahe kaya need ko ng car.

Nung nag research, I've figured that Hyundai Accent is the best car for me, primarily dahil sa Fuel economy - don't care kung pangit itong car na to, practical lang ako.

Initial DP medyo hirap ako, kasi wala sa plano ko bumili ng car kaya naghahanap ako ng nasa 50-130k DP. I need to get the Hyundai Accent ASAP dahil 1) mauubos na ang CRDI na unit; 2) Safety sa byahe. I actually won't mind kung medyo mataas ang monthly amortization as long as it's reasonable.

I've done my homework, I'm confident I can pay the monthly amortization of 3-5 years.

Here comes my question:

1) Pag na decline ka ba ng mga banko does it mean di ka na pwede mag apply ulit?

2) Anong option pa kaya ang pwede ko i-try to get a car (Hyundai Accent)?

3) Naghahanap ako ng "assume balance" na Hyundai Accent, pero wala talaga - mukhang kuntentong kuntento mga owners. Ano ang risk sa ganito?

** Eto ang natatandaan kong banks na tumawag sa akin kaso never heard from them ever since: (BPI, BDO, PSBank, UnionBank, EastWest, RobinsonsBank, AMABank, di ko na matandaan iba) - so I assume na declined na ako.

Best regards

[actor21]

bro wala kaba credit card na hindi binayaran? kase kung in house ka maski wala kang ITR basta may pang down ka okay kana..

yung BPI loan ko sa mazda Driver's license lang ang hiningi sakin, pinoto copy tapos approve na..

i remember ang AMABAnk maluwag yan sila unlike BPI, baka nasa CMAP list ka.

[jansky]

Hello All,

Pag na decline ka ba ng mga banko does it mean di ka na pwede mag apply ulit?

Ang main reason kung bakit ako na decline ay wala akong ITR (dahil computer programmer ako - online jobs) and nag rerent lang ako ng bahay.

Recently nagkatrabaho ako locally (3 months pa lang) yun nga lang medyo malayo sa bahay. Roughly 100km balikan, at the moment minomotor ko lang yan araw araw. Masyadong nakakapagod at nakakatakot kada byahe kaya need ko ng car.

Nung nag research, I've figured that Hyundai Accent is the best car for me, primarily dahil sa Fuel economy - don't care kung pangit itong car na to, practical lang ako.

Initial DP medyo hirap ako, kasi wala sa plano ko bumili ng car kaya naghahanap ako ng nasa 50-130k DP. I need to get the Hyundai Accent ASAP dahil 1) mauubos na ang CRDI na unit; 2) Safety sa byahe. I actually won't mind kung medyo mataas ang monthly amortization as long as it's reasonable.

I've done my homework, I'm confident I can pay the monthly amortization of 3-5 years.

Here comes my question:

1) Pag na decline ka ba ng mga banko does it mean di ka na pwede mag apply ulit?

2) Anong option pa kaya ang pwede ko i-try to get a car (Hyundai Accent)?

3) Naghahanap ako ng "assume balance" na Hyundai Accent, pero wala talaga - mukhang kuntentong kuntento mga owners. Ano ang risk sa ganito?

** Eto ang natatandaan kong banks na tumawag sa akin kaso never heard from them ever since: (BPI, BDO, PSBank, UnionBank, EastWest, RobinsonsBank, AMABank, di ko na matandaan iba) - so I assume na declined na ako.

Best regards

- you can still re-apply...

- sorry to say but Bank will decline your car loans, they need your ITR i , since this is a proof that you are capable of paying


- and seems you are limited to a max of 150k for initial DP.. why not look a 2nd car that fits to that budget,

- im not sure about 'assuming balance' if they need ITR , but what i know is you need post dated check


- or you can ask your mom or or dad to do the transaction to the bank in behalf of their name and pay them monthly(only applied if there is papers to support the transaction like ITR)


-- or worst is baka nasa bad record ka

[actor21]

*jansky yup more or less meron sya bad record kase sakin walang ITR e, BPI ko kinuha ang mazda ko. they just call me then viola..got my gas guzzling mazda wahehehehe...love it though..

Or try mo sa Sulit ang daming nag papa assume balance don, wala nga lang accent..

[mahalay]

How do I know kung nasa CMAP list ako? Never had a credit, never had a loan before. First timer mga sir.

[ben_david19]

sa budget mo na 150k, adjust mo lang hanggang 200k then get a 2nd hand Alto (year 2007-2008 model).

kung patipiran, kahit diesel pa ang Accent mas matipid pa rin ang Alto. maintenance cost of course mura lang.

pero kung Accent talaga ang gusto mo, then hanap ka nga lang ng assume balance, PDC (post dated checks) lang kailangan ng seller and of course yung deed of sale niya kailangan mo na babayaran mo pa yung natitirang balance else ibabalik mo sa kanya.

[nervenllarena]

madami talaga ang requirements kung sa bank ka mag loloan kung sa in house financing ng dealer ka mag aaply mas madali at sila na ang gagawa ng paraan sa mga documents mo ang dis advantage lang eh mas mataas ang interest pag in house ka versus sa bank

[ben_david19]

just checked sulit.com.ph, ang pasok sa iyo ay yung 2010 Hyundai Getz, 1.1. 85k ibibigay mo sa seller, tapos mga 4 1/2 years ang babayaran mo pa sa banko amounting 11k only.

Things why I got a car na assume balance nalang, just get a fresh car less than 8 months used max; of course, sana may mekaniko rin na kasama baka mamaya lemon car pala ito hehe.

1. gusto mo kaagad magamit. no more hassle sa registration fees, may plaka na kaagad. makakapili ka rin ng ending number na gusto mo lalo na kung may isa ka pang kotse.

2. no more approval of bank, kayo na ng seller ang maguusap, mostly PDC naman iyan at background checking sa iyo ng seller.

3. plus nalang kung ang mabilhan mo ay mga accessories na gusto mo rin. although recommended ko get a stock unit.

4. obviously, mas mura ang assume balance na sasakyan that you can get almost brand new din naman.

of course, bulungan mo lang yung sasakyan na aalagan mo siya bilang new owner, baka mamaya magtampo or mamiss yung totoong amo niya hehe. sounds ridiculous yeah I know pero may mga experience ako na nagtatampo nga ang sasakyan ng walang dahilan.

[mahalay]

- and seems you are limited to a max of 150k for initial DP.. why not look a 2nd car that fits to that budget,

- im not sure about 'assuming balance' if they need ITR , but what i know is you need post dated check

wala akong alam sa sasakyan, so I though it's best kung brand new na lang para walang sakit ng ulo. with a second hand car, i'll be spending like 7-8k a month for Fuel. with Accent, like 4-5K a month for fuel. each month that passes, mapapataas ko DP ko pero yun nga lang it might be too late for me to have a Hyundai Accent. Wala pa naman balita kung magkakaroon ng CRDi ang 2011 Accent. Kung meron sana, makakapaghintay pa ako for a few months.

I already have a Checking Account,I can issue PDCs.

[batastoh]

I am a freelance VA. May I know san ka nag apply ng car loan? Anu2 requirements ang hiningibsayo? Thanks.

[dr. d]

I am a freelance VA. May I know san ka nag apply ng car loan? Anu2 requirements ang hiningibsayo? Thanks.

they will want to know how you can possibly repay them...
a steady, large enough income... good credit history... a home address.. a co-maker with acceptable characteristics of the former requirements; in case you fail to pay, they will want to know who they can run after instead.
it's all in the application form you will fill up, po...
banks usually offer such car loans. the car sellers can direct you to their prefered partners.
good luck.

but for cash buyers, the only question asked is, "what color, sir?".

[Aero13]

I am a freelance VA. May I know san ka nag apply ng car loan? Anu2 requirements ang hiningibsayo? Thanks.

Pareho tayo. Freelance / Work from home.

Get a sales agent na masipag mag follow-up sa banks or may kakilala na sa bank. However the usual na hinihingi ay ID, Bank Statements (check nila income flow), COE-C if you work with UpWork then print mo yung COE-C din don.

Got approved before for our Innova. Then recently Chevrolet.