ALEKBC-MPC | Homepage
Vehicle Financing Mechanics:
a. Open to all regular members with 3 years membership tenure
b. Member’s share capital requirement of Php100,000 at the time of application
c. Customized loan Application form to be filled-out by the member applicant and usual alekbc loan form.
d. Member-applicants will submit to ALEKBC quotation of the unit from his dealer’s choice.
e. Check payable to Car Company
f. Loan Application form for review of Tess Capati for verification- subject to the 10% take home pay.
g. Vehicle OR/CR in the name of the member/owner
h. Original OR/CR will be for ALEKBC’s safekeeping as loan agreement will be covered by a Chattel Mortgage
i. Spouse as a co-maker
j. Immediate family member/relatives up to 3rd degree of consanguinity can sign as co-applicant.
k. Both co-maker / co-applicant shall sign the contract together with the maker.
l. Payment Options:
m. Salary Deduction: if monthly salary can still accommodate the 10% Take home pay rule as per CreCom recommendation.
n. Issuance of post-dated checks
o. Co-applicant can issue PDC to cover the monthly payments.
p. Member and Co-applicant are subject
for Credit Investigation (CI) –CI fee c/o applicant
q. ALEKBC to hire services of 3rd party
credit investigator.
r. Maximum loan term is five (5) years
s. Three (3) consecutive months /
habitual payment default will be
subject for unit repossession.
t. 1month delay of payment for
immediate follow-up by Alekbc staff.
u. Re-possesed units for re-sale based on depreciated value as identified by the treasurer / accountant subject to BOD approval.
Loan Interest Rate / Loan Calculator
➢ Interest rate varies depending on type of vehicle and term of loan (at par with bank rates)
➢ Loan Calculator
Vehicle Financing Mechanics:
a. Open to all regular members with 3 years membership tenure
b. Member’s share capital requirement of Php100,000 at the time of application
c. Customized loan Application form to be filled-out by the member applicant and usual alekbc loan form.
d. Member-applicants will submit to ALEKBC quotation of the unit from his dealer’s choice.
e. Check payable to Car Company
f. Loan Application form for review of Tess Capati for verification- subject to the 10% take home pay.
g. Vehicle OR/CR in the name of the member/owner
h. Original OR/CR will be for ALEKBC’s safekeeping as loan agreement will be covered by a Chattel Mortgage
i. Spouse as a co-maker
j. Immediate family member/relatives up to 3rd degree of consanguinity can sign as co-applicant.
k. Both co-maker / co-applicant shall sign the contract together with the maker.
l. Payment Options:
m. Salary Deduction: if monthly salary can still accommodate the 10% Take home pay rule as per CreCom recommendation.
n. Issuance of post-dated checks
o. Co-applicant can issue PDC to cover the monthly payments.
p. Member and Co-applicant are subject
for Credit Investigation (CI) – CI fee c/o applicant
q. ALEKBC to hire services of 3rd party
credit investigator.
r. Maximum loan term is five (5) years
s. Three (3) consecutive months /
habitual payment default will be
subject for unit repossession.
t. 1month delay of payment for
immediate follow-up by Alekbc staff.
u. Re-possesed units for re-sale based on depreciated value as identified by the treasurer / accountant subject to BOD approval.
Loan Interest Rate / Loan Calculator
➢ Interest rate varies depending on type of vehicle and term of loan (at par with bank rates)
➢ Loan Calculator
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- xfinity homepage for windows 10
- make xfinity my homepage in windows 10
- change homepage to xfinity for windows 10
- set edge homepage to xfinity
- set xfinity as homepage windows 10
- change homepage to xfinity by comcast
- comcast homepage email sign in
- beaumont isd homepage teams
- xfinity homepage download
- ask homepage free download
- ask homepage download
- change homepage to ask