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Call us for more information:
(035)225-3891
422-9223 to 9224

  VEHICLE LOAN

BORROWER ELIGIBILITY 

The qualified loan applicant must be between twenty-one (21) and sixty (60) years of age with a combined monthly net income of at least P30,000.00. If the borrower is over 60 years of age the loan applicant needs EXECOM/BOD approval.


ELIGIBLE MOTOR VEHICLES/EQUIPMENT

This type of loan may be for the purchase of either a new or second-hand/used vehicle/equipment.


INTEREST RATE/COMPUTATION

Principal and interest amortized monthly/quarterly at the prevailing interest rate. In cases of variations of interest rates, the Bank shall issue an information memorandum with details of such variations.


FEES

◙ Appraisal Fee
◙ Notarial Fee
◙ Documentary stamp fees for promissory note
◙ Registration fee
◙ Comprehensive insurance
◙ Service charge


COLLATERAL

Machines and other properties of value as security against for feiture (e.g. brand new vehicles or second-hand vehicles, real estate, bank deposits).


SUPERVISION AND INSPECTION/APPRAISAL

The Bank shall conduct its own inspection and appraisal of the property to be used as loan collateral. A stringent credit investigation will also be performed by Bank personnel.


For more information, please call us:

Dumaguete Branch:
        Mobile: 09269345863
        Telephone: (035) 225-3891 local 123 and 125

Sibulan Branch:
         Mobile: 09173037334
         Telephone: (035)226-6127; 419-8730

Lapu-Lapu Branch:
         Mobile: 09175440562; 09559960320
         Telephone: (032) 495-3402

Valencia, Bukidnon Branch:
         Mobile: 0917-632-6642
         Telephone: (088) 828-2097

Quezon, Bukidnon Branch:
         Mobile: 0917-632-6642

SECURITY REMINDERS

Security Features
Important Reminders
Security Tips
Phishing Advisory
Heartbleed Advisory

Call us for more information:

(035)225-3891
422-9223 to 9224

Dumaguete City Development Bank is supervised by the Bangko Sentral ng Pilipinas with telephone number (02) 708 7087 and email address: consumeraffairs@bsp.gov.ph  

Member: PDIC 
Maximum Deposit Insurance for Each Depositor P500,000.

    

Copyright 2019 Dumaguete City Development Bank. All rights reserved.

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