Is a 7.5% interest rate per annum for a 3 year car loan relatively low?

[hope088]

@howardrf The net worth rule for car buying states that you can spend up to 5% of your overall net worth on the purchase price of a car.

For example, if you have a ₱9 million net worth, you can spend ₱450,000 for a car.

 

[light2you]

@howardrf Got mine at 4.97%. I applied directly to BDO last week.

 

[theanonymousperson]

@light2you Did you apply via online?

 

[light2you]

@theanonymousperson Nope, I applied sa branch.