VEHICLE LOAN

Apply for a vehicle loan with Bansalan Coop and start revving up that business. The VELO of the Cooperative is offered exclusively for the purpose of financing that re-purchased or brand new vehicle for your business.

It can also be granted to qualified individuals who have already purchased brand new land vehicle provided that the loan application is filed within 6 months from date of acquisition. Intended only for FOUR (4) wheels and up.

Product Features:
Brand New: 90% of the purchase price of the unit. (From Company Dealer) Second Hand: 70% of the selling price or appraised value of the unit, whichever is lower. (surplus vehicle considered as second hand)

Interest Rate is 1.5% per month.
Loan Term is 36 months maximum.

Can be paid in daily, weekly or monthly basis.

Acceptable collaterals are original copies of OR/CR encumbered in favor to Bansalan Coop.
Comprehensive Insurance with Bansalan Coop as beneficiary

Share Capital retention is 10 % of purchase price to be deposited upon loan application and loan renewal
Loan insurance is shouldered by the member.

Get that vehicle now.
Visit the nearest branch near you…