TRUCK LOAN
Put your dreams into motion.
Get to know the Truck Loan
Starting or expanding a fleet can be difficult for individuals. This is why the Truck Loan by 88 Asia Finance was designed to be accessible and flexible for every Filipino, making it possible for you to enhance your freight or hauling services without compromising your financial security.
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
It takes 3 simple steps to apply for the Truck Loan. You can get pre-approval as fast as 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
Start your
engines.
Get your first truck or strengthen your current fleet with the Truck Loan.
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)
- Articles of Incorporation and updated General Information Sheet
- Mayor’s permit or DTI permit
- Copy of OR/CR of existing trucks
- Copy of government-issued 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 all 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!
Step 3
Submission and Loan Release
Once appraisal is completed, you will need to submit the following:
- Government-issued ID
- 2×2 ID picture, signed at the back
- Chattel Mortgage Fee
- Post-dated checks
After submission and chattel mortgage,
it takes only 2 days to release your truck.
After submission and chattel mortgage,
it takes only 2 days to release your truck.