TRICYCLE LOAN GUIDELINES

TRICYCLE LOAN
For assistance, email me at: barcenanorma@gmail.com

QUALIFICATION REQUIREMENTS:

·         4 stroke and 2 stroke Unit Motorcycle acceptable

ADDITIONAL DOCUMENTARY REQUIREMENTS:

·         Original copy of OR/CR upon release, photocopy upon application

·         Latest picture of tricycle attached upon submission of application

·         Photocopy of LTFRB Franchise or Permit to Operate

·         Clear Stencil of Motor No. and Chassis No. Embedded on LTO MVIR (blue form)

·         Original copy of Cedula and TIN (upon release)

·         Basic Documentary Requirements

INTEREST RATE                                                     With agent                                                   : 3.75% per month (add-on)       Without agent                                        : 3.25% per month (add-on) COLLATERAL                                                     : OR/CR & PDC issuance, chattel mortgage LOANABLE AMOUNT                                      : 1 – 3 years =15K/unit maximum approval                                                                             : 4 yrs. & up = 10K/unit maximum approval *Basis of approval will be based on capacity to pay TERMS                                                               : 3 – 12 months CHARGES      Processing fee                                              : 4%