MOTORCYCLE LOAN
Loan Features
Interest Rate – 2%-4% per month
Loan Amount – 20,000.00-70,000.00
Term – 6months to 3 years
Mode of Payment -Weekly/Semi-monthly/Monthly
Eligibility Requirement
Must be MIGS (member in good standing)
Must be a Filipino
Must be at least 18 years of age but not more than 69 years old upon loan maturity
With at least 1 co-maker
Basic Requirements
Completed and signed application form
2 valid government issued photo ID
Barangay Clearance
Proof of Billing (if applicable)
Other Requirements
Price Quotation of motorcycle
Payment of Equity/Downpayment- minimum of 10% of the purchase price
