• Purchase of brand new or second hand cars

1. Borrower must be at least 21 years of age
   • Individuals aged 21 years but should not be more than 65 years old at the time of loan maturity
   • Partnership and Corporations

For Second-Hand Vehicles

• 1-3 year old vehicles – 48 months
• 4 year old vehicles – 36 months
• 5-6 year old vehicles – 24 months
• 7 year old vehicles – 12 months

• Chattel Mortgage

1. Maximum loanable amount shall be as follows:
   a. For Brand New/Refinanced Vehicles – up to 80% of the cash list or purchase price
   b. For Second-Hand Vehicles – up to 75% of the appraised value

• Equal monthly amortization

• Payments can be made via Automatic Debit Arrangement and Post Dated Checks

• Comprehensive Insurance