TRICYCLE LOAN WITHOUT TAKING YOUR UNIT– GET UP to 1M LOAN APPLY NOW!

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In aid of helping tricycle owners get a collateral loan at lowest interest, we introduce the tricycle loan. This offer is good for fully owned units of motorcycle with sidecar and with yellow plate or for rent vehicle, then you can qualify to apply and avail of the tricycle loan even if you don’t have a source of income. The list of documentary requirements are enumerated below.

LOANABLE AMOUNT

The loanable amount for a tricycle loan is from 15K – 25K depending upon the condition of the whole unit, the year model of the motor vehicle and if the owner had a source of income aside from the boundary earnings on a daily basis for the tricycle itself.

TRICYCLE LOAN REQUIREMENTS (original and photocopy)

1. Latest OR CR
2. Copy of permit to operate / MTOP (franchise)
3. TIN ID or Number of the borrower
4. 4 stroke and 2 stroke engine accepted

PROCESSING TIME

1-5 working days

PROCESSING FEE

• 4% + 150 pesos for Metro Manila
• 4% + 200 pesos for provinces

INTEREST RATE

• 2% – 2.75% add on per month

LOAN PAYMENT TERM

• maximum of 12 months