Help! ?Sa tingin nyo, what are the chances that I get approved for a car loan?

**StockEngine** · December 2nd, 2017 09:18 PM

with your 30k salary and

supposed monthly payments of 16k. thats just too high. even i will not approved your loan application.

ask the bank if they will approve 9-10k monthly payments.. youll have to cough up a higher downpayment though

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**iskramble** · December 2nd, 2017 09:23 PM

Originally Posted by StockEngine

with your 30k salary and

supposed monthly payments of 16k. thats just too high. even i will not approved your loan application.

ask the bank if they will approve 9-10k monthly payments.. youll have to cough up a higher downpayment though

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ok will try po. Thank you po!

**Yatta** · December 2nd, 2017 09:26 PM

Originally Posted by iskramble

Hello po. I have a similar problem sa bank approval. Newbie po ako sa thread and first time po mag aaply ng Bank loan. Nag apply na po ako sa mga malalaking bank like BDO,BPI at metrobank. after 2 weeks nagsend na ng message na denied ung application ko sa BPi at Metrobank. siguro mababa masyado ung salary ko for the Loan. 752K kasi ung loan amount for 5 years sana ung loan, then less than 30K lang po monthly salary ko. pero co- maker ko ung brother ko which is nasa 85K+ yung monthly salary. plano kasi sana naman isplit ung bill per month based sa computation around 15-16k ung monthly nung sasakyan for 5 years. medyo alanganin nga sa sahod ko ung monthly. so ang plano sana is 10k ang babayaran ko per month tapos 6k sa brother ko. kaso sa loan application di naman nila cinoconsider ung salaray ng co-maker. parang basis lang yata nila sa pag approve ung salary ng Primary loan. malabo naba ako makapag apply ng loan? or may mga bank na medyo lenient sa pag approve ng loan or mga agent na makakatulong para makalusot sa loan approval sa bank. TIA

Ang minimum salary to be even considered for a car loan is P40k (combined na yun with your partner). Nakalagay yan sa BPI loan calculator sa TGPh website.

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**iskramble** · December 2nd, 2017 09:53 PM

Originally Posted by Yatta

Ang minimum salary to be even considered for a car loan is P40k (combined na yun with your partner). Nakalagay yan sa BPI loan calculator sa TGPh website.

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So malabo na pala talaga na ma approve ako sa car loan

sayang naman..

**glenn_duke** · December 2nd, 2017 10:04 PM

Originally Posted by iskramble

So malabo na pala talaga na ma approve ako sa car loan

sayang naman..

May 20% na pang DP kana, i-banko mo muna, tapos ipon muna ulit, paabutin mo ng 1M.
After umabot na ng 1M yung savings mo pang DP, tanungin mo sarili mo kung kailangan moba talaga ng bagong kotse.

Kung naghahanap ka ng SA na gumagawa ng milagro, meron nyan, pero isipin monalang, marginal yung net mo, just enough to pay for the monthly amortization, inisip monaba kung saan ka kukuha ng pang gas mo? pang PMS mo? pambayad ng insurance on the second year? And the moment na magka gasgas na yang bago mong ride, yung excitement mo sa bago mong ride mawawala nayan. This is assuming na personal use yung sasakyan mo.

**StockEngine** · December 2nd, 2017 10:13 PM

Originally Posted by glenn_duke

May 20% na pang DP kana, i-banko mo muna, tapos ipon muna ulit, paabutin mo ng 1M.
After umabot na ng 1M yung savings mo pang DP, tanungin mo sarili mo kung kailangan moba talaga ng bagong kotse.

Kung naghahanap ka ng SA na gumagawa ng milagro, meron nyan, pero isipin monalang, marginal yung net mo, just enough to pay for the monthyly amortization, inisip monaba kung saan ka kukuha ng pag gas mo? pang PMS mo? pangbayad ng insurance on the second year? And the moment na magka gasgas na yang bago mong ride, yung excitement mo sa bago mong ride mawawala nayan.

bro minsan mahirap mag grocery kung naka public transport.. kahit uber. lalo na dalawang shopping cart na punong puno hehehe

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**MR_BIG18** · December 2nd, 2017 10:18 PM

Originally Posted by iskramble

Di na pwede ipangalan sa kanya yung loan kasi may existing pa siyang car loan. (1 year left to pay) and ayaw nya ipangalan sa kanya kasi may plano siyang bumili ng house/lot so baka di siya ma approve sa house loan if may mga additional loan pa siya. may mga extra income naman ako na pwede makasalo sa mga expenses ko. kaya tingin ko kaya naman ung 10k a month.

I heard sa iba na may mga cases na 25k lang salary pero na approve ung loan nila. depende ba un sa agent or may kakilala sila sa loob ng bank?

if you have a big enough amount thats deposited, the manager will make a way...

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**yebo** · December 2nd, 2017 10:49 PM

and also dapat may nakatabi sa bank for emergencies. you know, like for bail and lawyer's fee. di mo alam baka may biglang mag-counterflow na motorcycle at bangain ka e di kakasuhan ka ng homicide thru reckless imprudence. kahit na nakahinto ang sasakyan mo at natutulog ka lang sa loob kasi aircon

**dr. d** · December 3rd, 2017 12:30 AM

Originally Posted by yebo

and also dapat may nakatabi sa bank for emergencies. you know, like for bail and lawyer's fee. di mo alam baka may biglang mag-counterflow na motorcycle at bangain ka e di kakasuhan ka ng homicide thru reckless imprudence. kahit na nakahinto ang sasakyan mo at natutulog ka lang sa loob kasi aircon

mahirap naman kasi i-habla yung other party na sumakabilangbuhay...