MOTORCYCLE LOAN
Having your own motorcycle is made easy. You don’t need loan collateral and there are no processing fees! All you have to do is visit one of our branches or accredited dealer partners. Once your application is submitted, approval within 4 hours is guaranteed.
LOANABLE AMOUNT
20,000 – 1,800,000
TERMS
Minimum 12 Months, Maximum 48 Months
- At least 21 years old but not more than 65 years old upon loan maturity
- For fixed salary employees, self-employed, entrepreneurs, pensioners, clients regularly receiving local or international remittances, and partnerships or corporations
- Duly filled-up Application
- 1 Primary Valid ID/ 2 Sec. Valid IDs
- Copy of driver’s license (For selected MC units only)
- Proof of Income
- Proof of Billing
- Three(3) Specimen Signatures over printed full name of Client
*Note: Post Dated Check is required for Luxury Bikes
- Driver’s License
- Firearms License
- GSIS- Government Service & Insurance System ID/Card
- IBP-Integrated Bar of the Philippines ID
- NBI-National Bureau of Investigation ID
- Philippine Passport
- PRC-Professional Regulations Commission ID
- Seaman’s Book
- SSS-Social Security System ID/Card/Digitized (UMID)
- TIN-Tax Identification Number ID (Plastic)
- AFP ID
- PNP ID
- Philhealth Digitized ID
- Pag-ibig Digitized ID
*Paper Driver’s License is not considered ID
Secondary IDs
- OFW ID
- OWWA ID
- Philhealth ID (Old Format)
- Police Clearance
- Postal ID
- Senior Citizen Card
- Voter’s ID
- Student Driver’s Permit
- Company ID
- Pag-Ibig ID (Old format)
- Barangay ID
- Other Valid IDs Issued by the Philippine Government and Its Instrumentalities
- Teacher ID
- PNP Clearance (Old format or digitized)
- Municipal Health Card (digitized)
EMPLOYED
- 1 month Pay slip
- Certificate of Employment (with salary statement)
SELF-EMPLOYED
- Business Permit
- Barangay Permit
- DTI Permit
- Bank Statement
- ORCR and Franchise
- Least of Contract (Apartment Owner)
OFW (Land / Sea based)
- Allotment contract
- 3 latest Proof of Remittance
- Passbook or Latest Bank Statement
Frequently Asked Questions
Q: WHAT IS A SUMISHO MOTORCYCLE LOAN?
Q: WHAT IS A LATE PAYMENT CHARGE?
Q: WHAT IS DUE DATE?
Q: WHAT HAPPENS WHEN MY DUE DATE FALLS ON A WEEKEND OR HOLIDAY?
Q: HOW MUCH WILL I PAY?
Q: WHERE CAN I PAY?
Q: WHICH MODE OF PAYMENT DO I USE?
Q: CAN I PAY WITH POST DATED CHECKS?
Q: HOW DO I CHECK IF MY PAYMENT PUSHED THROUGH?
SMS: 09175567470
Viber: 09218270625
Call: (02) 8802-6888 select 1 for Customer Related Concerns
Email customer_service@sumisho.com.ph
Q: WHERE AND HOW TO GET MY ORCR?
SMS: 09175567470
Viber: 09218270625
Call: (02) 8802-6888 select 1 for Customer Related Concerns
Email customer_service@sumisho.com.ph
Q: WHAT IS A PENALTY CHARGE?
Q: HOW DO I GET SMS NOTIFIED WITH MY BALANCE DUE?
Q: I HAVE BEEN GETTING DIFFERENT AMOUNTS TO PAY FROM THE SMS ALERTS, WHICH IS IT?
Q: CAN I SURRENDER THE UNIT?
Q: CAN I GIVE MY MC UNIT TO SOMEONE ELSE?
Q: CAN MY PENALTY CHARGES BE WAIVED?
Q: WHAT HAPPENS TO MY LOAN IF I GO ABROAD?
Q: WHAT ARE THE ECQ GRACE PERIOD RELATED QUESTIONS?
- Who are qualified for the 30-day Grace Period program?
- Will I be charged a late payment fee?
- When do I pay? Will I pay double?
To illustrate:
Original Payment Due Date : March 17-31, 2020 |
Monthly Due : Php 1,000.00 |
Adjusted/New Payment Due Date : May 17-31, 2020 |
Monthly Due : Php 1,000.00 |
- Will my loan maturity date change after the grace period is applied?
To illustrate:
Original Maturity Dates : December 17-31, 2020 |
Adjusted/New Maturity dates : Feb 17-28, 2021 |
- If I decide to pay during the ECQ/MECQ period, will my payment be considered advance?
- Which payment channels can I visit or use to settle my loan dues?
- Where do we find more information on government mandates relevant to our Motorcycle Loan?
Q: WHAT ARE THE BAYANIHAN ACT 2 RELATED QUESTIONS?
- Who are covered or qualified for the Bayanihan Act 2 one-time 60-days Grace Period?
Loan is in current status and NOT in PAST DUE.
- Will I be charged with interest or penalty charges?
During the mandatory grace period, your loan will not have interest on interest, penalties, fees, and other charges for late payment or non-payment on due date. However, there will be accrued interest as provided under Memorandum No. 2020-068 dated 18 September 2020. Example: Requesting Due Date is December 10, 2020, Loan extension due will be on February 10, 2021. Accrued interest will be calculated from December 10 until February 10, 2021 and will be payable depending on the mutual agreement between the customer and Sumisho. |
- When do I pay?
- Will my loan maturity date change after the grace period is applied?
Example:
Original Maturity Date: December 17, 2020 Adjusted/New Maturity Dates: Feb. 17, 2021 |
- What will happen to my issued PDC checks to Sumisho if I avail of the 60 day Grace period?
- If I have clarifications, where can I find more details about the Bayanihan Act 2 one time 60-day Grace Period?
For further details you may refer to IRR and FAQ issued by BSP and the BSP Memorandum Number M-2020-068.
You may also contact our Customer Service at 8802-6888, Viber message at 0921-8270625, or send an SMS at 0917-5567470 for your clarifications.