CARIBBEAN FINANCE COMPANY LTD

AUTOMOTIVE  
FINANCING

We care about your needs and are realistic in providing advice on repayment options that are affordable to you.




 

 


LOAN
REQUIREMENTS

There are no hidden charges and advertising gimmicks, approval can be granted in a matter of hours, once all requested information is presented to us.

  Individual
Recent Job Letter or
Payslip
BIR Number
Three (3) Months Bank
Statements
Two (2) Forms of
Identification
Recent Utility Bill
  Self-Employed/Corporate
Certificate of Registration / Incorporation
BIR Number
Three (3) Months Bank
Statements
Annual Return / Return of Directors
Financial Statements
Evidence of Income (receipts, invoices, contracts etc.)

AUTOMOTIVE
LOAN FEES

The following fees are involved in getting a vehicle loan. Fees would vary depending on whether you are purchasing a new vehicle or used/foreign used vehicle but generally they comprise of:

Credit Report Fee
Standard Administrative fees
Search fees (used vehicles)
Mortgage Bill of Sale (used/foreign used vehicles) is a legal fee plus stamp duty calculated on the amount financed

For a detailed list of fees and charges click here 

LOAN
CALCULATOR

Our loan calculator can be used to give you an approximate figure for the down payment required and what your monthly instalment would be, depending on the cost of the vehicle you are interested in. Enter the approximate cost of the item, then select whether the vehicle you are interested in is “New, Local Used and Foreign used as it indicates the approximate down payment required.

Disclaimer: This calculator is designed as an informational tool as interest rates, down payments and loan terms may vary. Please contact us for precise figures to assist in your financial planning.

 

  • 10% of cost
Interest Rate: 6 %