Finance for Truck Van

[MichelPila]

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Kinsay naay nahibaw-an na mo finance?. Please help. Im planning to get a truck Van kay gusto ko pun-an ang van sa ako papa kay cebu tracker man siya pero la man koy Capital. I've heard na there are some companies na mo finance ug mga sakyanan.. If you have any ideas just pm me or post it here para magka idea pud ang uban. Thanks!

[MichelPila]

Please share your ideas. Badly need help coz I really want to have a business and nothing is impossible.

[firestarter]

Dako-dako man ni, how much capital you need diay bro/sis?

[MichelPila]

makaigo ra na makapalit ug second hand na truck van.

[buloi123]

i-up nato kay nangita sad ko.

[jojo_mouth]

Naa man daghan magfinance..

First priority adto sa imong bank and inquire unsay requirement or if qualified ba. Submit ka (if businessman) DTI, Mayors Permit, ITR/Audited Financial Statement of previous yr, bank statement last 6 months (depende sa banko). Mas gamay interest rate ang commercial banks (up to 6%/ annum). Most banks only finance brand new trucks or fresh surplus from importer.

2nd priority are banks that aggressive aning mga car loan such as PS Bank, Equicom Bank, Maybank, they process with in 48 hrs, same requirement as above, they have higher interest rate (up to 12% per annum). Usually barand new or fresh surplus, may accomodate 2 yr old surplus depend sa bank..

3rd option are financing institutions such as Radiowealth Financing (23%/ annum), Visayan Credit (18%/ annum) and daghan pa but mao ni nasuwayan nako. same requirements gihapon but naay mga dugang na pirmahanan. Dako kaayo interest maayo ra ni if mga 12 to 18 months ra ang period. Gamay pa gyud sila appraisal and 40-50% (Radiowealth gives 70% depende sa unit) ra loanable amount..

Good luck boss and welcome to Logistics Industry!

[porbidaman]

this is a good business