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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.

PRODUCT FEATURES

LOANABLE AMOUNT

20,000 – 1,800,000

TERMS

Minimum 12 Months, Maximum 48 Months

ELIGIBILITY
  • 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
LOAN REQUIREMENTS
  1. Duly filled-up Application
  2. 1 Primary Valid ID/ 2 Sec. Valid IDs
  3. Copy of driver’s license (For selected MC units only)
  4. Proof of Income
  5. Proof of Billing
  6. Three(3) Specimen Signatures over printed full name of Client

*Note: Post Dated Check is required for Luxury Bikes

Primary IDs

  1. Driver’s License
  2. Firearms License
  3. GSIS- Government Service & Insurance System ID/Card
  4. IBP-Integrated Bar of the Philippines ID
  5. NBI-National Bureau of Investigation ID
  6. Philippine Passport
  7. PRC-Professional Regulations Commission ID
  8. Seaman’s Book
  9. SSS-Social Security System ID/Card/Digitized (UMID)
  10. TIN-Tax Identification Number ID (Plastic)
  11. AFP ID
  12. PNP ID
  13. Philhealth Digitized ID
  14. Pag-ibig Digitized ID

*Paper Driver’s License is not considered ID

Secondary IDs

  1. OFW ID
  2. OWWA ID
  3. Philhealth ID (Old Format)
  4. Police Clearance
  5. Postal ID
  6. Senior Citizen Card
  7. Voter’s ID
  8. Student Driver’s Permit
  9. Company ID
  10. Pag-Ibig ID (Old format)
  11. Barangay ID
  12. Other Valid IDs Issued by the Philippine Government and Its Instrumentalities
  13. Teacher ID
  14. PNP Clearance (Old format or digitized)
  15. 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?
It is a financial arrangement between the borrower (that is you) and Sumisho Motor Finance Corporation that allows the borrower to use the motorcycle while he pays the monthly installments to Sumisho.
Q: WHAT IS A LATE PAYMENT CHARGE?
A late payment charge is a fee that will be collected from you for non-payment on due date. This payment charge shall be avoided if you pay on time.
Q: WHAT IS DUE DATE?
A due date is the day that you pay your monthly loan amortization. This is indicated in your Loan Amortization Schedule.
Q: WHAT HAPPENS WHEN MY DUE DATE FALLS ON A WEEKEND OR HOLIDAY?
You can still pay through our payment channels that are open during weekends or holidays. However, it’s best to settle your monthly due beforehand to avoid any inconvenience.
Q: HOW MUCH WILL I PAY?
The monthly amortization stated on your Loan Amortization Schedule is the amount you need to settle monthly. 
Q: WHERE CAN I PAY?
We have several payment channels to suit your need, namely: 7-11, Cebuana Lhuillier, SM, LBC, BPI, BDO, Metrobank, and other payment centers nationwide. Some of this payment channels have system processing time interval that may cause delay in payment posting.
Q: WHICH MODE OF PAYMENT DO I USE?
Cash or check payments are acceptable.
Q: CAN I PAY WITH POST DATED CHECKS?
Yes, however, it must be noted that post dated checks are only accepted in our Sumisho Branches and not in other payment channels.
Q: HOW DO I CHECK IF MY PAYMENT PUSHED THROUGH?
You will receive SMS notification once payment is posted on your account Or you may inquire through Customer Service channel:

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?
Customer may inquire the availability of OR/CR through our Customer Service channel:

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?
A penalty charge is a 5% fee rate that shall be applied (daily) by Sumisho to your total amount due for insufficient or non-payment of your monthly amortization.
Q: HOW DO I GET SMS NOTIFIED WITH MY BALANCE DUE?
Ensure that the contact details provided on your application documents remain updated so that you’d be able to receive automated SMS messages. Notifications shall be sent several times a month to inform you of your upcoming due or if you missed your payment.
Q: I HAVE BEEN GETTING DIFFERENT AMOUNTS TO PAY FROM THE SMS ALERTS, WHICH IS IT?
The amount reflected in the SMS is based on the balance due for the day. If payment is not made on the due date, the amount will change, based on the incurred penalty charges. 
Q: CAN I SURRENDER THE UNIT?
You cannot surrender your motorcycle unit during the term of your loan.
Q: CAN I GIVE MY MC UNIT TO SOMEONE ELSE?
No, your MC loan is under your name so you may not give your unit to someone else. You are accountable for your loan.
Q: CAN MY PENALTY CHARGES BE WAIVED?
Waiving of penalty charges is subject to the review of Sumisho's Management.
Q: WHAT HAPPENS TO MY LOAN IF I GO ABROAD?
The loan remains ongoing, monthly payments must be settled consistently to avoid inconveniences. You can assign a trusted relative who will take care of your loan payments. It’s also best to call Sumisho's Customer Service to inform of your present arrangement.
Q: WHAT ARE THE ECQ GRACE PERIOD RELATED QUESTIONS?
In support of our nation’s fight against COVID 19, we continue to provide assistance and services for our loan customers. Below is a list of Frequently Asked Questions (FAQs) to provide you a better understanding on the Grace period extension:
 
  1. Who are qualified for the 30-day Grace Period program?
All Sumisho Motorcycle Loan/Top-up Clients with loan payment due dates falling on March 17 to May 31, 2020 are qualified.
 
  1. Will I be charged a late payment fee?
You will NOT be charged late payment fee. Late payment fees are waived during the ECQ/MECQ period.
 
  1. When do I pay? Will I pay double?
  Loan payment due dates falling under ECQ/MECQ period will automatically be extended. You will only pay the monthly due on the next due date after ECQ/MECQ period. There will be “NO DOUBLE PAYMENT” required on the next due date.

  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
 
  1. Will my loan maturity date change after the grace period is applied?
With the application of the ECQ/MECQ 30-day grace period, original loan term maturity date will be moved further by 1-2 months due to the adjustment or new payment schedule.

  To illustrate:
Original Maturity Dates                                              : December 17-31, 2020
Adjusted/New Maturity dates                                    : Feb 17-28, 2021
 
  1. If I decide to pay during the ECQ/MECQ period, will my payment be considered advance?
Yes, it will be. You may opt to pay on the original payment due date.  
 
  1. Which payment channels can I visit or use to settle my loan dues?
You may pay online thru GCash, BPI or PSBank. You can also visit any of the open branches of BDO, Metrobank, LBC, M Lhuillier, Cebuana Lhuillier or USSC service stores. You can check their respective websites/social media pages for list of operational branches.
 
  1. Where do we find more information on government mandates relevant to our Motorcycle Loan?
For loan related questions on the SEC Application of the IRR of Section 4(aa) of the Bayanihan Act and Applicable IATF Resolution, you may visit this link: http://www.sec.gov.ph/faqs-2/