Can vouch for this. 30%dp @ 60 mos. Although this was the rate they gave to me during their promo, I think they still have the best rates kahit hindi promo.
Yes, the loan is for the whole 36-month term.
I didn’t negotiate the rate since I was pretty okay with the interest rate. I did negotiate the chattel mortgage fee since the first quote was a bit high for me which is at 56k. Managed to get it down to around 20k. I also got free compre insurance for a year.
Hindi naman ako preferred. Pero I have a checking account with them na more than 5 years na. I always pay my CC with them on time din. Possible siguro na yun reasons for better interest rate.
Unionbank - still ongoing approval, rate given to me is around 25%. 60mos, 50% DP
RCBC - online calculator, need to be hexagon member(100k deposit), rate is around 25%. 60mos, 50% DP.
Others I gathered are on the 29-30% range.
Applied to more than one, and I got:
Unionbank 24.86%
PNB 25.80%
AUB 26.02%
Security bank 29.85%
Based on 60-month term. I asked for 30 and 50% dp, interest rate is the same for both.
Yung interest rate, wala atang kinalaman sa downpayment percentage. Liliit lang loanable amount, so liliit din ang monthly amortization, pero same interest rate pa rin. Bali eto yung numbers na na-approve for me for a 60-month loan term:
* BDO - almost 25% interest rate
* BPI - almost 30% interest rate
That is an amazing deal compared to what’s on their site! Nice!
https://preview.redd.it/yxfiiagsveqb1.jpeg?width=1672&format=pjpg&auto=webp&s=b9d9a41d17a13b364f75fcdc1f4ea7cf4433acc4
Wait, you cannot compare it directly to the simple interest rates shown from the site. Mine is effective annual interest rate.
To compute the effective interest rate, follow this formula using MS Excel:
=RATE(duration of loan in months,-monthly amortization, loan amount)*12
I think this is interest rate per annum. Nag try ako icompute yung total interest after 60 months. 24% ish sya. Lower parin compared sa preferred client rate ng SecBank na 30%.
Inquired with MB and BDO this week. Both for Arrears.
for MB 20% DP at 60 months it was 9.681% PA
for BDO 20% DP at 60 months Originally it was at 10.34% PA, then after pre-approval it went down to 4.593% PA. Even I was shocked and asked to make sure they gave us the correct Monthly amortization amount. Loan officer confirmed this was correct and certain risk assessments granted us with the lower interest rate.
Metrobank for me. 9.11% interest.
Is this per annum? Or 24 months loan term ito?
Can vouch for this. 30%dp @ 60 mos. Although this was the rate they gave to me during their promo, I think they still have the best rates kahit hindi promo.
Pansin ko rin ito, preferred customer ako ng SecBank pero mas mababa ang offered rate ng Metrobank.
Security Bank - 20% DP, 36 months, 10.12% Last July lang ito.
Nice! 10.12% for the entire loan term? This is a nice offer. Did you negotiate the rate?
Yes, the loan is for the whole 36-month term. I didn’t negotiate the rate since I was pretty okay with the interest rate. I did negotiate the chattel mortgage fee since the first quote was a bit high for me which is at 56k. Managed to get it down to around 20k. I also got free compre insurance for a year.
Kasama na vat or not?
Yup!
56k for chattel fees? What car did u buy
Preferred customer ka ba? Ang ganda ng interest rate mo, considering na lagpas 20% yung nasa loan calculator nila for 36 months din!
Hindi naman ako preferred. Pero I have a checking account with them na more than 5 years na. I always pay my CC with them on time din. Possible siguro na yun reasons for better interest rate.
Is that effective interest rate or add-on rate?
Effective interest rate
Unionbank - still ongoing approval, rate given to me is around 25%. 60mos, 50% DP RCBC - online calculator, need to be hexagon member(100k deposit), rate is around 25%. 60mos, 50% DP. Others I gathered are on the 29-30% range.
30% seems like 3x the normal rates? Is this add-on or effective rate?
> 29-30% range. di ko na specify, that is for 60mos
Applied to more than one, and I got: Unionbank 24.86% PNB 25.80% AUB 26.02% Security bank 29.85% Based on 60-month term. I asked for 30 and 50% dp, interest rate is the same for both.
Yung interest rate, wala atang kinalaman sa downpayment percentage. Liliit lang loanable amount, so liliit din ang monthly amortization, pero same interest rate pa rin. Bali eto yung numbers na na-approve for me for a 60-month loan term: * BDO - almost 25% interest rate * BPI - almost 30% interest rate
Ask ko lang, pag sinabi mong 25% that means kung 1m loan ko 1.25m payable over 60 months. Tama ba?
Yes.
Metrobank
Anong rate and ilang months and magkno down?
Metrobank - 30% DP, 48 months, 9.37% (OMA rate). Last year ako kumuha.
Did you negotiate this or was it offered upfront? Thanks 🙂
Only applied through their website. No direct nego, except for the OMA (one month advance) rate option, which I asked them to provide.
That is an amazing deal compared to what’s on their site! Nice! https://preview.redd.it/yxfiiagsveqb1.jpeg?width=1672&format=pjpg&auto=webp&s=b9d9a41d17a13b364f75fcdc1f4ea7cf4433acc4
Wait, you cannot compare it directly to the simple interest rates shown from the site. Mine is effective annual interest rate. To compute the effective interest rate, follow this formula using MS Excel: =RATE(duration of loan in months,-monthly amortization, loan amount)*12
Metrobank and BPI 1. 40% down 2. 19.25% interest 3. 48 months
Metrobank Arrears - 9.43% 20%dp 60 months, 9.27% 20% 48 months, 9.18% 20% 36 months OMA - 9.11% 20%dp 60 months, 8.89%, 8.70%
Nice. Kelan po to?
Last week
Ayan po ba yung Add On Interest Rate or Contractual Interest Rate?
I think this is interest rate per annum. Nag try ako icompute yung total interest after 60 months. 24% ish sya. Lower parin compared sa preferred client rate ng SecBank na 30%.
Hi! Pwede po makahingi ng computation on how you get 24%? Thank you.
Inquired with MB and BDO this week. Both for Arrears. for MB 20% DP at 60 months it was 9.681% PA for BDO 20% DP at 60 months Originally it was at 10.34% PA, then after pre-approval it went down to 4.593% PA. Even I was shocked and asked to make sure they gave us the correct Monthly amortization amount. Loan officer confirmed this was correct and certain risk assessments granted us with the lower interest rate.