Experience our user-friendly calculator to pinpoint the perfect Motorbike Loan tailored to your unique needs. Applying is fast and free-seizes your financial opportunity now!
Applicants must be from 21 to 64 years old
Meeting the specific income criteria is essential, as the minimum gross annual income varies based on the lender's policies
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Applicants should have a job with a monthly stable income in order to repay the loan
Eligible applicants should either be Filipino residents or local resident foreigners with a valid Philippine billing address
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Hold a valid TIN, SSS, GSIS, or UMID number in order to verify your identity and financial condition
Simplify your motorbike loan search by using Finmerkado to compare various loan options from different providers and products.
Review the eligibility criteria for a motorbike loan. Select the loan that aligns with your preferences and needs.
Complete the motorbike loan application form provided by your chosen lender. Make sure to provide accurate and up-to-date information.
Provide essential information such as your age, income, employment, and desired loan amount.
If your application is approved, expect notification, and wait for your disbursement. Remember to repay on time.
A motorbike loan is a loan that helps borrowers buy their dream motorbike. This loan may come in the form of a secured or unsecured option, depending on the loan provider. Borrowers can use the motorbike itself as collateral for the motorbike loan, which leads to a typically more favorable interest rate compared to an unsecured loan. The interest rate often remains relatively stable, alleviating concerns about fluctuations caused by market impacts.
Benefits of motorbike loans
Compared to an upfront car purchase, a motorbike loan is much more beneficial. Motorcycle loans have a streamlined application process, not requiring many procedures when registering. Borrowers can even use the bike itself as collateral for the loan, a savvy move that not only optimizes your expenses but eliminates the need for a hefty upfront payment. You can break down the loan into smaller parts and pay it off in installments.
Currently in the Philippines, several banks offer competitive motorbike loan options with appealing terms and attractive interest rates. Among them is SB Finance MotorsikLOAN of SB Finance bank. SB Finance is a cooperative bank between Security Bank and Thai Bank Krungsri, allowing borrowers to apply for motorbike loans with a loan limit of up to PHP 2 million. The loan has a flexible repayment term of 12 to 48 months, and interest rates from 1.2% to 2.47% per month. SB Bank is also a partner with many famous vehicle brands in terms of Star Honda, MotoXPress PH or KServico, ensuring that borrowers will be driving away in a precise and dependable vehicle.
finmerkado.ph is not a loan provider and does not issue loans from its own account. finmerkado..ph 's service helps to evaluate verified/trusted lenders in real time with diversified financial products, flexible repayment from 91 to 180 days with minimum APR interest rate of 0% and up to 427%. For example, you apply for PHP 20,000 and choose repayment over 6 months, your monthly payment will be only PHP 5,000 per month, your total cost of the loan will be PHP 2,383 per month (APR = 143%). finmerkado will not charge for using our service. The exact cost of each loan depends on the individual application. You will always receive complete accurate information about the APR and all fees before signing a loan agreement.
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