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  1. Join Date
    Feb 2008
    Posts
    14,181
    #11
    BALIGTAD. The longer the term, the higher the risk, the higher the rate (or return in the banks point of view) should be. Kung mas mahaba ang panahon mas mahaba ang window for something to happen to you. Lose your job, get into illness etc.

  2. Join Date
    Jul 2007
    Posts
    226
    #12
    ARREARS
    12mos 5.05%
    18mos 7.60%
    24mos 11.02% 10.17
    36mos 16.90% 15.96
    48mos 22.96% 21.94
    60mos 29.61% 28.48

    OMA

    12mos 4.33%(more or less, d ko lng maalala)
    18mos
    24mos 10.17%
    36mos 15.96%
    48mos 21.94%
    60mos 28.48%

    Arrears-first payment nung monthly mo is after a month nung napurchase yung sasakyan..

    OMA- yung payment for the first month eh kasama na sa cashout mo..

  3. Join Date
    Sep 2009
    Posts
    7
    #13
    mabilis lang ba ang approval nila? anybody tried this?

    pano ba pagcompute ng monthly amort nito?

    BALANCE * RATE (36mos 16.90%) = TOTAL / 36 MONTHS?

  4. Join Date
    Nov 2002
    Posts
    581
    #14
    Quote Originally Posted by qquixx View Post
    mabilis lang ba ang approval nila? anybody tried this?

    pano ba pagcompute ng monthly amort nito?

    BALANCE * RATE (36mos 16.90%) = TOTAL / 36 MONTHS?
    hi sir, actually on going yung application ko. i submitted my application yesterday and according sa metrobank mga today or friday daw malalaman kung approved ako. i might say na medyo matagal approval kasi sa ibang bank within a day malalaman mo na. pero since under promo sila, madami sigurong applicants kaya me 2-3 days processing sila. as for the computation, me nag post somewhere dito ng formula

    Cost of Vehicle : A
    DP : B
    Interest Rate : C but for computation purposes, lets try 1.C, e.g., 1.47 if your IR is 47%
    months to pay : D

    [( A - B ) * 1.C] / D = Monthly Ammortization.


    HTH

  5. Join Date
    Nov 2005
    Posts
    7,970
    #15
    Quote Originally Posted by Wh1stl3r View Post
    Yup, mali pala ako. Over eager naman kasi itong branch manager ko, malabong magexplain haha. Eto yung rates per annum:

    12mos 5.05%
    18mos 7.60%
    24mos 11.02%
    36mos 16.90%
    48mos 22.96%
    60mos 29.61%

    So ang best deal talaga yung 1 year term.
    Quote Originally Posted by Wh1stl3r View Post
    Yup, yun din nga sabi ko kay Ms Metrobank Manager. Parang baligtad, it makes more sense to lower the interest rate for longer loan terms because you are effectively booking more income for the bank. Naisip ko din lang baka historically, masama ang paying habits ng majority ng mga kumukuha ng long term loans. Ayaw din kasi ng bank magremata, lalo na pag sasakyan. Mahirap kasi maliquidate, nagdedepreciate pa.

    Sa US may 0% for 3 yar car loan sila, meron pa nga yatang negative (in the form of rebates/discounts), hehe. Pero most of the time big 3 vehicles yung mga naka sale. Pero yung mga Toyota rin daw nagbababa na nga prices. Sana dito rin, di ko alam bakit nagtataas pa sila hehe

    Pero not much difference yung mga rates ha. Lumalabas
    12mos 5.05%
    18mos 5.07%
    24mos 5.51%
    36mos 5.63%
    48mos 5.74%
    60mos 5.92%
    per annum. I apologize, typo yung post ko sa taas na nilagay ko per annum. For the whole term period yun.
    grabe 48 months term - more than 5-6 ang dating

  6. Join Date
    Nov 2002
    Posts
    581
    #16
    Quote Originally Posted by XTO View Post
    grabe 48 months term - more than 5-6 ang dating
    sir, what do you mean by this po? mataas pa din ba yung promo ng metrobank? im getting the 48mos kasi with 21.94%

    please advise...

    TIA

  7. Join Date
    Dec 2005
    Posts
    39,162
    #17

    It means (only), that their interest rate on your ORIGINAL principal is 5% per annum.... Hindi ito based on the declining(or instantaneous- parang engineering) balance... Anyway, that's how it is in the market.... Same is true with BPI and BDO.

    We asked the 3 of them to quote for our fleet plan recently....

    8707:soccer:

  8. Join Date
    Nov 2002
    Posts
    581
    #18
    Quote Originally Posted by CVT View Post

    It means (only), that their interest rate on your ORIGINAL principal is 5% per annum.... Hindi ito based on the declining(or instantaneous- parang engineering) balance... Anyway, that's how it is in the market.... Same is true with BPI and BDO.

    We asked the 3 of them to quote for our fleet plan recently....

    8707:soccer:
    ah ok, thanks for clarifying

  9. Join Date
    Oct 2009
    Posts
    17
    #19
    Metrobank Metro Car Great Rates Sale is back.
    I just saw it on a news paper. Philippine Daily Inquirer >Section A-25.
    Lower interest rates from October 1 to November 30, 2009.

  10. Join Date
    Nov 2002
    Posts
    581
    #20
    yep, they have extended their promo. if any of you guys are interested just PM me your name and details. my friend works at metrobank.

    thanks!

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Metrobank car loan promo