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BIG BIKE LOAN
Motorcycle/Big Bike Loan
A loan for purchasing brand new and second-hand Big Bike/Motorcycle with the minimum required of 150cc secured by chattel mortgage.
Eligible Borrowers
Loan Purpose
Amount of Loan
Brand new unit – Market Value/Selling Price, net of 20% downpayment/equity
Second-hand unit – 50% of appraised value
Loan Limit – within the debt-capacity ratio of the borrower
Mode of Payment
Interest Rate
Security
Term
Basic Requirements:
- 2 Valid ID’s of Applicant/s
- Latest Residence Certificate of Applicant/s
- Latest ID Picture of Applicant/s (2×2) 2 pcs.
- Latest Income Tax Return (if any) / T.I. Nos. of Borrowers
- Proof of Billing
- Bank’s Statement (if applicable)
• In lieu of COE, duly signed employment validation
• Latest 3 months Payslip
• Employment Contract (if applicable)
If Applicant is a Proprietor:
• Business Permit (Barangay Business Permit, SEC Registration, DTI Permit, Mayor’s Permit)
• Latest General Information Sheet
• Articles of Incorporation or Partnership
• Board Resolution Authorizing the Loan
• 3 years Latest Audited Financial Statement (AFS)
• Proof of Business Transaction (if applicable)
• 2 Valid ID’s of Authorized Signatories/Representative (Applicant)
Additional Requirements if secured with REM:
• Title/Tax Declaration
• Special Power of Attorney (if applicable)
• Pictures of Collateral
• Certified True Copy of OCT / TCT
• Tax Declaration (land/bldg)
• Tax Receipt (RETR – land/bldg)
• Location / Sketch Plan
Additional Requirements if secured with CHM:
• Official Receipt (OR) / Certificate of Registration (CR)
• Special Power of Attorney (if applicable)
• Stencil of the Vehicle
• Pictures of Vehicle (offered collateral)
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Head Office Address:
J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217
Email:
kapartner@mcrbi.com.ph
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