TC CAR LOAN
Getting a car just got easier with TC car loan
PRODUCT DESCRIPTION
Tagum Cooperative recognizes this need and has launched its most awaited and most requested Car Loan Product with affordable loan rates and easy application process. Official launching was held on August 14, 2021 through Zoom and Facebook Live Platform.
WHO CAN AVAIL?
Regular Members aged 21-55 years old may avail of the Car Loan with a Share capital of at least P25,000 to P50,000. Applicant Members are also required to be at least two (2) years employed as a permanent/regular employee or if an entrepreneur, at least two (2) profitable years of operation. Car amortization must also not be more than 40% of the net disposable income, and no delinquent loans in TC. For pre-owned vehicles, it must not be more than 5 years from the date of purchase.
LOAN TERM
- Brand new Car – Up to 60 months
- Pre-owned or Surplus – Up to 36 months
LOANABLE AMOUNT
- Brand new Car – Up to 80% of the unit price
- Pre-owned or Surplus – Up to 60% of the appraised value
LOAN INTEREST
- Brand new Car – 7.5% per annum or 0.625% per month
- Pre-owned or Surplus – 12% per annum or 1% per month
HOW TO APPLY
Present quotation to Tagum Coop Loans Department for computation
Submit application form
Loan verification and approval
Purchase of vehicle to car dealer
HEAR FROM OUR HAPPY MEMBER-CLIENT-CUSTOMERS
“Dali ra kaayo ang process sa car loan”
“Fast Approval”
“Barato ra ang Interest”
ENJOY YOUR NEW CAR!
* All product, logos and company names are trademarks™ or registered® trademarks of their respective holders.
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