Question regarding a loan for a retired employee officer

[Icecream2009]

Hi I just retired from work, since I love cars, I think it's time for me to relax and buy an auto that I like and can use for the rest of my life. Since I like big cars I decided that I want to buy a new mitsubishi pajero. Well I want to apply for a loan, do you guys think that there will be a bank that is willing to approve my loan.

[hominid]

Ang Dad ko nagpapa-inquire din sakin. Un sa mga natanungan ko max age daw eh 60, eh 70 na Dad ko.

[mazzipino]

For the age I think the loan maturity shouldn't exceed 65 (60 for some banks).

The banks will also assess source of income.

[1D4LV]

try approaching AMA Bank, they are a bit lenient compared to the bigger banks.

[olm093]

sir, ang usual conditions po ay you should not exceed age 60 by the time of loan maturity and also, you'll need a co-maker then.

you will also need to provide proof of income / source of funds na pambabayad dun sa loan.