Sumisho Motor Finance Corporation credit: information, opinions, conditions

About Sumisho

Sumisho Motor Finance Corporation, commonly referred to as Sumisho, is a well-established company that specializes in providing financing solutions for motorcycle purchases. With over 11 years of experience in the Philippines, Sumisho has positioned itself as a trusted partner for customers seeking convenient and affordable loan options. The company is a subsidiary of Sumitomo Corporation, a major global trading and investment firm based in Japan, which adds to its credibility and reliability in the financial sector.

At Sumisho, our mission is to empower Filipinos by offering straightforward and accessible financing solutions that cater to their unique needs. We understand that the bike is not just a mode of transportation, but a vital part of daily life for many individuals. Thus, our commitment to providing quick approval processes, flexible repayment terms, and no collateral requirements reflects our dedication to customer satisfaction.

Our loans range from PHP 20,000 to PHP 1.8 million, with repayment periods available from 12 months to 48 months. We take pride in our efficient application process, typically approving loans within 24 hours. Our no-collateral policy ensures that financial constraints do not stand in the way of acquiring a motorcycle. With partnerships established with leading motorcycle manufacturers from Japan, we offer various products and services designed to meet the diverse needs of our clients.

Advantages of Choosing Sumisho

When considering a financial partner for motorcycle loans, Sumisho stands out for several reasons:

• Quick Approval Process: Our streamlined loan application process ensures that funds are available when you need them. Most applications are approved within 24 hours.
• Flexible Loan Amounts: With loan amounts ranging from PHP 20,000 to PHP 1.8 million, we cater to both budget-conscious individuals and those looking for larger financing options.
• Competitive Interest Rates: Sumisho offers interest rates from 0.02% to 0.2% per day, with an annual percentage rate starting at 8%. This makes our loans affordable and manageable.
• No Collateral Required: Borrowers can access loans without the need for collateral, making the process easier and less stressful.
• Variety of Financing Options: We provide loans for various purposes, allowing customers to focus on their needs—whether that be purchasing a new motorcycle or financing related expenses.
• Responsive Customer Service: Our dedicated customer support team is available to assist clients with inquiries throughout the loan process, ensuring a seamless experience.
• Legal and Trusted: As a licensed financial company in the Philippines, Sumisho operates under the regulation of the Securities and Exchange Commission, ensuring transparency and legal compliance.

Loan Conditions

To avail of loans from Sumisho, applicants must meet specific requirements:

1. Applicants must be between 21 and 65 years old.
2. Provide a duly filled application form.
3. Submit one primary valid ID or two secondary valid IDs.
4. Include a copy of the driver’s license for selected motorcycle units.
5. Provide proof of income and residence.

Once approved, our clients can choose repayment terms from 12 to 48 months tailored to their financial situations. Late payments are subject to a penalty of 5%, emphasizing the importance of timely repayments.

Why Choose a Loan from Sumisho?

Opting for a loan from Sumisho offers several distinct advantages that set us apart from other financing companies. Firstly, our no-collateral policy and fast loan approval process minimize barriers to acquiring loans. This enables our clients to focus on their immediate needs without extensive waiting periods.

Secondly, our diverse product range helps cater to individual preferences and financial capabilities. Whether you are acquiring a motorcycle for commuting or recreational purposes, we are committed to offering financing solutions that match your specific requirements.

Additionally, the transparency in our lending practices builds trust and reliability. Our clear communication regarding loan terms and conditions ensures that clients are fully informed before committing. This, coupled with our dedication to customer service, creates an environment where borrowers feel valued and supported.

In conclusion, Sumisho is committed to empowering the Filipino community through accessible financing solutions. With an emphasis on customer satisfaction, flexible loan options, and competitive interest rates, we are the go-to choice for anyone looking to realize their motorcycle ownership dreams.