Vehicle Loan

  • Maximum loanable amount of Php500,000.00 – depending on the share capital, years of service with MMC and capacity to pay
  • Maximum payment terms – five (5) years
  • Additional requirements:
      • Quotation and Contract to Sell – for brand new car
      • Contract to sell from the car dealer or car owner stating the contract price
      • Deed of Sale and photocopy of OR/CR – for second hand vehicle
      • Photocopy of ID of Seller