Tag Archives: Auto Loan

Our First Major Purchase: Hyundai Tuczon

Just purchased our first major item as a couple! We decided that it was time to get a new car since the current car is 6 years old already and we needed one that’s a little bigger to accommodate the growing family. I canvassed around for an auto loan and got 3 banks to respond – Metrobank, BPI and Chinabank. Chinabank came out the cheapest in terms of monthly amortization and chattel mortgage. The difference though wasn’t huge – a few hundreds of pesos per month only. It helped that my friend, who’s working for Chinabank, was so accommodating. He delivered and picked up the documents at our house and photocopied all the stuff that’s needed! If you’re looking for a good bank to deposit or loan from, I would recommend the Chinabank Sta. Mesa branch. Look for Brian Lim or his manager Arlene! 🙂

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Posted by on September 15, 2011 in My Simple Life


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