Truck / Bus / Heavy Equipment Financing

OM Financing provides convenient & quick financing and refinancing for buses, delivery trucks, prime movers, trailers, dump trucks, transit mixers, tankers and other truck vehicles. Also accepts heavy equipments such as backhoe, excavator, payloader.

Used Trucks / Buses

    

Fixed add-on rate of 31% for a 24 month payment term (maximum)


Heavy Equipment

   

Fixed add-on rate of 42% for a 24 month payment term (maximum)


CONDITIONS:

1. Minimum equity for reconditioned trucks is 30% while 40% for heavy equipment. This is based on the appraised value if sourced from local dealer or bid price if secured from a local auction  (so loanable value is around 60% to 70% )

2. Maximum term for truck and heavy equipment financing is 24 months (2 years)

3. Unit must be covered by comprehensive insurance through any of OM's accredited insurance companies.

4. Preferably model 2003 and up. Buses owned by operators are acceptable.

REQUIREMENTS:

1. Properly filled-up application form with 2x2 ID picture of the borrower/client
2. DTI Paper or Registration of Business Name, if single proprietorship or SEC papers
    including articles of incorporation if corporation or partnership
3. Bank statements for the last three (3) consecutive months
4. Latest ITR with Financial Statements
5. Photocopy of 2 valid IDs of applicant (Passport, company id, atm type SSS id,
    postal id, driver's license, prc id)
6. Copy of OR / CR of vehicle/s

For interested parties pls contact us thru 0909-4759970 .