Who said that there is literally no use for you owning a public utility jeep or a tricycle with respect to applying for a loan? Well good news because here is a system we have devised exclusively for those PUJ and tricycle owners and what’s good with this type of loan is that we will not take out your source of income. We understand that you need it to be able to earn the money to pay us so we have devised a system that will help you get money to use for a possible expansion of your business or job. Read requirements and qualification to get a PUJ tricycle loan approved.
How Is Loanable Amount Determined and What Factors Influence It?
Minimum and maximum loanable amount for both tricycle and jeepney loan is from Php 15,00.00 – Php 150,000.00. This range, upon approval may be influenced by the requirements to be sent by the borrower, the year model of the vehicle, the actual condition of the trike or PUJ, its assets inside, the type of engine used and the size of the jeepney or the generation of the 4-stroke motorcycle engine used.
Basic Requirements for application are as follows:
Qualifications for Tricycle – 4-stroke engine only
1. Copy of latest OR/CR
2. Copy of permit to operate (tricycle)
3. Copy of LTFRB franchise (PUJ)
4. Latest picture of tricycle / PUJ
5. Tax Identification Number (TIN)
Call me to apply for Jeepeney or Tricycle Loan – Sam Casuncad (loan consultant) (home office phone: 366 36 45) or (Sun Cellular No 0932 – 872 5532) or (Smart Cellular No 0939 – 9269335) / (Globe No 0917 – 5019245). You may also email me at firstname.lastname@example.org.
Requirements for Tricycle / Jeepney Loan:
- OR/CR (original copy to be surrendered upon release of loan)
- Stencil of the vehicle (to be done by the GDFI staff)
- LTFRB Franchise (for PUJ)
- MTOP/Permit to Operate (for tricycle)
4% + P150 (Metro Manila)
4% + P200 (provinces)
1 to 5 working days
2% to 2.75% add-on per month
P15,000 to P25,000 for Tricycle
P40,000 to P150,000 for PUJ
Loan Payment Terms
Maximum of 12 months