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ATM Savings1.00% p.a.
- Initial Deposit Req. P200
- ATM Card
- Monthly Interest Crediting
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Public Teacher Loans0.805% monthly
- Loans as high as P500,000
- Term as long as 36 months
- Affordable interest rate
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NEW!Time Deposit Account7.00% p.a.
- Interest Monthly Crediting
- Tax Free
- Minimum deposit of P500,000
- Minimum of 5 years, 1 month
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Home Loan80-90% of Appraised Value
- 1, 3, 5 and 10 years interest rate fixing options
- Repayment terms up 25 years
- Automatic Debit Arrangements
Managed Dedicated Servers.
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frequently asked questions
Payment can be made either the following:
- Issuance of Post-Dated Checks
Check should be made payable to Sun Savings Bank, Inc. - Automatic Debit Arrangement
How:
Open deposit account with the bank
Sign an Automatic Debit Arrangement where your monthly installment and/or any amount due will be automatically deducted from your designated settlement account.
Type |
Required Down Payment |
Age of the Car/Vehicle if pre-owned |
Interest Rate |
Term of Loan |
Brand New | As low as 10% |
Prevailing market rate |
1—5 years | |
Pre-owned | As low as 20% | Model Year should be at most 7 years old. Age of the vehicle should not more than 10 years old at the time of loan maturity. | 1-3 years | |
Trucks (Brand New | As low as 20% | 1-5 years |
Bank will require the following:
Fully filled-up Loan Application Form signed by applicant & spouse /or authorized signatories
Borrower’s Information Documents:
Individual
- For salaried Individual – Original pay slip of the last 3-6 months payroll and Employment Certificate
- For OFW: In lieu of ITR-Contract of employment and proof of remittances for the last 6 months
- BIR stamped ITR for the last 3 years
- Bank statements for the last 6 months of all major depository banks
- Marriage Contract (if married)
- Two (2) Passport Size/2X2 current personal picture/s
- Photocopy of any government issued I.D. (applicant & spouse)
- Community Residence Certificate
Business
- DTI Certificate of Registration – for Sole Proprietorship
- SEC Registration & Articles of Incorporation/ Partnership & amendments
- By-Laws of Corporation/Partnership and Amendments, if any
- General Information Sheet, management credentials including brief background major stockholders and key officers
- Company Profile with ownership structure, manpower complement, product lines/services provided
- Audited Financial Statements for the last 3 years
- Interim Financial Statements for the current year
- List of Suppliers and Customers with contact persons and telephone numbers (at least 5)
- Photocopy of Certificate of vehicle registration with LTO
- LTO Official Receipts
- Stencils of Chassis and engine
- Dealer’s undertaking
- Transaction history
- Affidavit of Non-Taxi use
You must at least 21 years old and not more than 60 years old until the loan matures. If borrower’s age is more than 60 years old at the time of application or at the time of loan maturity, the borrower must have a co-borrower either his son or daughter or nearest immediate member of the family.
The computed loan amortization should not exceed 70% of your net disposable income.
Please visit to our accredited car dealers (attached list) for Brand New and Pre-owned cars to choose the best car for you. Ask for Loan application form of the Sun Savings Bank. You may also visit our Main office at the Fuente Osmena Cebu City.