car loan

[dishcom]

Bro. If hindi ka ma approve. Wag mo muna e pilit. Hindi pa siguro ito ang tamang panahon para magka auto ka..
.
Hindi ko rin sure bro kung gusto mag pa utang ng bank sa mga call center agent. Try mo muna magka credit card para kahit panu may reference sila na good payer ka. Then pakasalan mo na lang GF mo then si GF mo mag apply kasi sabi mo live in naman kayo. Hehe. Wala naman issue kung sa misis mo naka name kasi pag aari at utang na ninyo yan pareho.

[Mr.Banker]

If I may add, Krisace, no offense meant in my opinion below:

1. All Banks conduct credit cheking (cards,loans,mortgages) thru a system where ALL financial institutions upload their clients with delinquency history. If a person has a bad record with one bank, all banks finds it out thru this system, Trust me!

2. You mentioned that you were already approved by Unionbank and was disapproved by TFS? It doesn't make any sense since banks are stricter than in house financing.

3. The agent wants you to falsify information which is a No-No as this tarnishes your integrity and credibility in the eyes of financial institutions (ikaw ang malalagot dito pag nahuli at hindi yung SA na nagsabi sayo).

4. Making your live-in partner a co-maker in the doesn't mean sure approval. Maybe you can be approved if she can also show a proof of income.

All in all, it shows that you are not yet financially capable to obtain a loan like this. Again, this is not to belittle you but to help you understand your loan situation.

I agree with the earlier advises that this is not the right time for you to get a loan.

[homhomnova]

Simply lang maipapayo ko sayo sir..

just live within your means.. kung hindi kaya wag mo muna ipilit..

konting kayod pa at matutupad din pangarap mo magka kotse..

remember.. marami gastos pag may kotse ka.. pms, insurance, rehistro, etc, etc..

[Mentis]

Oo nga sir, hindi lng basta monthly payment ang kinukonsidera sa pagkakaroon ng car dapat mo rin isaalang alang ang pagma-maintain insurance and registration roughly 30k na yearly pm's pa at fuel consumption....baka masayang lng perang ipangdo down mo sooner or later marerepo lng ng banko. Go for the 2nd hand lng muna.

[venerzky]

Simply lang maipapayo ko sayo sir..

just live within your means.. kung hindi kaya wag mo muna ipilit..

konting kayod pa at matutupad din pangarap mo magka kotse..

remember.. marami gastos pag may kotse ka.. pms, insurance, rehistro, etc, etc..

Korek. Magastos ang magka-kotse. Hehe.

[Krisace]

Salamat sa mya payo sir/mam. Co make ko fiance ko pag di pa rin approve il go for 2nd hand car.

[minicarph]

Why not mag-Uber na lang say P500 per day x 26 days x 12 months x 5 years = 780000.

Di mo pa kelangan garahe, insurance, repairs, libre chauffeur ka pa. Dami pa promo ng Uber

[Krisace]

Thanks sir. Kaya ako kukuha kasi ipapasok ko ng grab.

[EQAddict]

Thanks sir. Kaya ako kukuha kasi ipapasok ko ng grab.

Its nice to know that you are getting this car to try to earn more income. Good luck to you and hope that it turns out okay with the banks and with the business.

[shadow]

I just read the whole thread. I don't get it, na approve ka na unionbank and decline sa iba? Somethings not right


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[_Cathy_]

30k disapprove? Many years ago na curious lang ako nilagay ko maliit na salary lang. Approved naman pero 50% down and 3 yrs to pay. Vios ata yun tinanong ko.

[Mr.Banker]

30k disapprove? Many years ago na curious lang ako nilagay ko maliit na salary lang. Approved naman pero 50% down and 3 yrs to pay. Vios ata yun tinanong ko.

Mam cathy, in your case, even if maliit lang nilagay mo na salary, your downpayment was 50% and loan tenor was 3 yrs. In the banks' view, you are less riskier to grant a loan hence the approval. The large downpayment and short loan tenor shows your capacity to pay.

Aside from that, probably you didn't any negative record with any financial institution which is also a big factor in bank loan approvals.

[timrev]

kakaaprove ko lang BDO
24% interest rate
30%dp
10500 monthly 5yrs
ok po yan?

Maybank
19%interest rate 30%dp
10100 monthly
anu pong mas ok? bakit ganun maliit yun diff?

[Yatta]

Di lang naman kasi yan sa nilagay mo sa application form. Gaya nga ng sinabi nung sa taas di naman tanga mga banko. Magtatanong, magtatawag at bibisita ang mga yan.

[akosidab]

kakaaprove ko lang BDO

24% interest rate

30%dp

10500 monthly 5yrs

ok po yan?



Maybank

19%interest rate 30%dp

10100 monthly

anu pong mas ok? bakit ganun maliit yun diff?

Sang branch sir ng maybank ka nag apply? Ang baba ng interest nila.

[manilamako]

Tama naman yun 19% = 10100. And oo sobrang baba nyan ah. Recently got a quote from BDO and 24.86 OMA nakuha ko. Pero maganda price quuote ng insurance and hindi tali. Will go bank hopping soon. Kindly PM me yun maybank branch as well sir ng makapag inquire din. Thanks!

[zerobox]

Pag ba may nagpunta na sa bahay para mag CI sure na po ba approval? Tumawag kasi sakin tapos kinabukasan may nagCI na dito sa bahay.. hehe

[dishcom]

Pag ba may nagpunta na sa bahay para mag CI sure na po ba approval? Tumawag kasi sakin tapos kinabukasan may nagCI na dito sa bahay.. hehe

Hindi pa sir. Pero atlest they are interested on your application.

[jesqatar]

Zerobox, in my case after they visited my home they approved my application the following day. Which bank kaba?

[Yatta]

Pag ba may nagpunta na sa bahay para mag CI sure na po ba approval? Tumawag kasi sakin tapos kinabukasan may nagCI na dito sa bahay.. hehe

Thats like saying a nurse took your BP and telling yourself you are not sick. Kumukuha pa lang sila ng data. Tatawag pa yan sa office mo to confirm your employment status, salary and documents at minsan kakausapin pa mga kapitbahay and in my case pati barangay captain. Then dedesiyunan ng banko. Give it a month.