More and more Filipinos are turning to banks for car financing. A study by Ken Research in 2019 predicts that auto loans in the Philippines will soar to P4.3 trillion by 2023. But The Auto financing can be confusing, especially when it comes to terms like chattel mortgages. But don't worry, it's simpler than it sounds! Let's break down what chattel security for an auto loan is and how it works. What is a chattel of mortgage? The chattel mortgages, also known as goods loans.It's a popular finance
Jun 16, 2023