Motorstar Motorcycle News

  • What are the common requirements for installment loans for purchasing a motorcycle in the Philippines?

    The common requirements for installment loans for purchasing a motorcycle in the Philippines are a valid government-issued ID, proof of income or employment, and proof of residence. Some lenders may also require a down payment or a co-maker for the loan.
  • What is the typical interest rate for installment loans for purchasing a motorcycle in the Philippines?

    The interest rate for installment loans for purchasing a motorcycle in the Philippines varies depending on the lender, loan amount, and repayment term. Generally, the interest rates range from 10% to 30% per annum. It is important to compare different lenders and their rates before applying for a loan.