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SHORT TERM AUTO LOANS are car loans in the Philippines made for the purchase of a new or used car and have payment terms of 12 months (1 year) up to 36 months (3 years). These types of loans are designed to help a consumer quickly pay off a loan obligation for a new or used car purchase. However, the payment amounts of shorter term loans can be somewhat high or burdensome for some. This generally offer lower interest rates than do longer term loans, thus, people with bad credit may be required to use shorter term loans in order to approved by certain auto loan lenders. Interest rates can be somewhat higher than normal as people with bad credit can sometimes be expected to”buy back their auto credit”. Short term loans enable a person with bad or poor credit, to re-establish his or her credit history.
LONG TERM AUTO LOANS are usually car loans that have payment terms longer than 60 months (5 years). Longer duration auto loans in the Philippines are designed to allow customers to make smaller, more affordable monthly payments on a car or truck. While the individual monthly payment amounts are much lower with long term auto loans, the amount of interest paid over the life of the loan increases dramatically. The increased accrued and paid interest can substantially increase the overall cost of ownership with new or used car or truck.
YEAR MODELS 1998 UP TO PRESENT ACCEPTED BYCAR LOAN PHILIPPINES | AUTO LOAN PHILIPPINES
Fast Car Loan Processing and Cheque Release, Metro Manila and Near by Provinces can applyCarlateral Loans and Car Financing are available.50% PER MONTHLY INTEREST.
By: AMA Bank Car Loan | Car Loan Philippines | Auto Loan Philippines
Apply Now: http://carloanpilipinas.com/application
