TRUCK LOAN
Expand your reach. Discover new possibilities.
What is a Truck Loan?
With the growing need for faster and better deliveries, hauling services, and logistics, building up your truck fleet opens new opportunities for your business.
With the 88 Asia Finance Truck Loan, you choose how you want to start or elevate your fleet—at flexible and competitive rates.
Your Benefits
Access to vast pool of dealers
When you avail our Truck Loan, you can choose from a wide range of trusted and accredited dealers.
Fast Approvals
After submitting the complete requirements, you can get pre-approval and loan release in only 2 days.
Flexible terms
Driven to empower and support Filipino businesses, 88 Asia Finance puts you in control of your truck loan.
You can avail of 12 to 36 months financing for:
- Brand-new trucks
- Reconditioned trucks
- Remanufactured trucks
- As-is trucks
- 4W trucks
- 6W trucks
- 10W trucks
Units Financed
Step on the
accelerator.
Get your Truck loan today and enjoy flexible, hassle-free financing terms.
Application Requirements
To get you on track to building up your truck fleet, kindly submit the following documents to your loan agent or to an official 88 Asia Finance representative.
- Accomplished and signed application form
- Bank statement for checking/savings account (latest 3 months)
- Business name, Mayor’s Permit, DTI permit, or barangay permit
- Copy of OR/CR of existing trucks
- Copy of valid IDs
For questions, feel free to send us a message or talk to our representative via live chat.
At a Glance
Down Payment and Interest Rates
Down Payment
20% for remanufactured and brand-new units
30% for reconditioned and as-is units
Prevailing Interest Rate
| Terms | Brand-new | Reconditioned |
|---|---|---|
| 12 months | 7.5% | 12% |
| 18 months | 11.5% | 21% |
| 24 months | 18.5% | 27% |
| 36 months | 26.5% | 40% |
Subject to change without prior notice.
How It Works
Get on the move in 3 easy steps.
Step 1
Application and Interview
After submitting your requirements, our credit investigation team will interview you and your references.
Once this is done, they will contact you regarding pre-approval within 1 to 2 days.
Step 2
Truck Inspection
After pre-approval, we move on to the inspection and appraisal of your truck. You will be notified of your approved loan amount within 2 days!
A non-refundable appraisal fee must be paid on or before the appraisal date.
Step 3
Submission and Loan Release
Once appraisal is completed, you will need to submit the following:
- Valid ID
- 2×2 ID Picture, signed at the back
- Photocopy of TIN ID
- Board resolution (for corporation)
- Chattel Mortgage Fee
- Post-dated checks
After submission and final approval, your loan will be released after just 1 day.