Guide on Robinsons Bank Car Loan – How Much You May Borrow
ROBINSONS BANK CAR LOAN – Provided below are the minimum and maximum loanable amounts from the Robinsons Bank.
Are you looking for a bank where you may apply for a car loan? There are some entities that you may turn to in the Philippines.
One of the banks that offers this type of loan is Robinsons Bank. Its offer covers both brand new and pre-owned vehicles.
Under the Robinsons Bank Car Loan, there are high loanable amounts. The allowed borrowing amounts depend if the vehicle is brand new or pre-owned.
| Maximum Loanable Amount | |
| Brand New | up to 80% of the net cash price of the vehicle |
| Second-Hand | up to 70% of the appraised value of the vehicle |
Do you want to apply for the loan offer of Robinsons Bank? There are specific documents that you should provide the bank. These documents will be used in the assessment of your qualification for the loan offer.
The requirements set by the bank depends if the borrower is locally employed, self-employed, an overseas Filipino worker (OFW), or if the application is done by a partnership or corporation.
Requirements for Robinsons Bank Car Loan Application
For locally employed loan applicants:
- duly filled-out and signed Robinsons Bank Loan Application Form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government issued IDs
- Proof of billing
For self-employed loan applicants:
- duly filled-out and signed Robinsons Bank Loan Application Form
- Latest 3 months Bank Statements
- DTI Registration
- Photocopy of government issued IDs
- Proof of billing
For partnership or corporation:
- duly filled-out and signed Robinsons Bank Loan Application Form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government issued IDs
- Proof of billing
For sea-based overseas Filipino workers (OFWs):
- duly filled-out and signed Robinsons Bank Loan Application Form
- Latest 3 months Bank Statements
- DTI Registration
- Photocopy of government issued IDs
- Proof of billing
For land-based overseas Filipino workers (OFWs):
- duly filled-out and signed Robinsons Bank Loan Application Form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government issued IDs
- Proof of billing
The Robinsons Bank has several loan offers apart from the Robinsons Bank Car Loan. It also has a separate motorcycle loan. To check on the details of its motorcycle loan offer, you may visit – Robinsons Bank Motorcycle Loan: Here’s How Much You May Borrow.