Own that dream motorcycle today with our budget-friendly and easy motorcycle loan
FEATURES
LOANABLE AMOUNT
P20,000 - P300,000
Equivalent to Selling Price (SP) of the motorcycle unit minus the Down Payment
Motorcycle’s engine capacity should not be more than 400cc
TWO-WHEELER MOTORCYCLE
Selling Price
Down Payment
Term (months)
Below 90,000
Minimum of 5% based on SP
6, 12, 18, 24, 30, 36
90,000 and above
Minimum of 8% based on SP
6, 12, 18, 24, 30, 36
THREE-WHEELER MOTORCYCLE
Selling Price
Down Payment
Term (months)
90,000 and above
Minimum of 10% based on SP
6, 12, 18, 24, 30, 36, 48
ELIGIBILITY
At least 21 years old but not more than 65 years old upon loan maturity
For fixed salary employees, self-employed, entrepreneurs, pensioners, clients regularly receiving local or international remittances, and partnerships or corporations
LOAN REQUIREMENTS
EMPLOYED
One (1) valid government-issued ID
Certificate of Employment (COE) or one month payslip
SELF -EMPLOYED
One (1) valid government-issued ID
CORPORATION
Security and Exchange Commission (SEC) Registration
Articles of Incorporation
Board Resolution
Business Permit
Audited Financial Statement (FS)
SOLE PROPRIETOR
One (1) valid government-issued ID
Business Permit (Barangay or Municipal), DTI Permit
PENSIONER
One (1) valid government-issued ID
Statement of Account (SOA) with at least One (1) month pension credit
REMITTANCE
One (1) valid government-issued ID
At least two (2) months proof of remittance within the past six (6) months (remittance slips or bank’s statement of account)
Here are the steps that we recommend you take before availing of CitySavings’ motorcycle loan
Step 1:
Get a quote from the CitySavings motorcycle Sales Team.
Choose your desired motorcycle - brand and model.
Canvas selling price of your desired motorcycle.
Choose your preferred down payment amount in accordance with our product feature.
Decide your term and get a computation of your monthly amortization.
Once you decide to go ahead with the application, you can now proceed to Step 2:
Step 2:
Provide us with necessary documents and get on-board with our Loan Ranger.
Step 3:
Sit, relax and wait for your loan to be approved!
Step 4:
Enjoy the best rates and your brand new motorcycle!