REBUILDS MADE EASY SO YOU CAN GET BACK TO WORK FASTER

Cat® machines, power trains, and components are carefully engineered to be rebuilt and repaired to maximize the life of your machine. A rebuild or repair can give your machine a second life and save you from the financial burden of purchasing new equipment.

Now it’s easier than ever to get the financing you need to rebuild or repair your machine. Now through June 30, 2023, take advantage of 6.03% add-on rate for 12 months, 6.44% for 24 months, when you apply for financing. when you apply for financing.

At Monark Equipment, we ensure that you get the best advice and service from our highly skilled specialist to keep your equipment performing at its best.

6.03%* ADD-ON RATE
FOR 12 MONTHS

(MINIMUM PHP 500,000 PER TRANSACTION)

6.44%* ADD-ON RATE
FOR 24 MONTHS

(MINIMUM PHP 500,000 PER TRANSACTION)

* Financing oer valid for qualifying customers from October 1, 2022 to June 30, 2023. Published financing and rate terms are available only on Mining Industry Machines and Energy & Transportation component rebuilds and repairs. Subject to credit approval by Cat Financial. Oer available to qualifying customers in Philippines only. Not all customers will qualify. Higher rates may apply for less qualified buyers. Oer subject to parts availability. Oer may change without prior notice and additional terms and conditions may apply.

IN NEED OF GENUINE CAT® PARTS JUST FOR A REPAIR PROJECT? WE CAN OFFER PARTS FINANCING!

Enjoy the same flexible installment scheme up to 24 months when you purchase a minimum of Php 500,000 worth of Cat parts today.

PROGRAM CRITERIA/MECHANICS

  • Financing offer valid for qualifying customers from October 1, 2022 to June 30, 2023.
  • Financing offer is available for Repair, Rebuild or Parts only transactions
  • Minimum amount of PHP 500K per transaction
  • Financing is available for 12 months and 24 months
  • Published financing and rate terms are available only on Mining Industry Machines and Energy & Transportation Engines.
  • Subject to credit approval by Cat Financial.
  • Offer available to qualifying customers in Philippines only. Not all customers will qualify
  • Higher rates may apply for less qualified buyers.
  • Offer subject to parts availability.
  • Offer may change without prior notice and additional terms and conditions may apply.

Documentary Requirements for INDIVIDUAL / SOLE PROPRIETORSHIP

  • Copy of unexpired DTI Registration Papers & Company Profile
  • Copy of Customer’s Business Permit/s and Certificate of Business Name Registration
  • Copy of latest Contractor’s License/Grading issued by Philippines Contractors Accreditation Board
  • For Borrower: Copy of TIN Card and any two of the following IDs: Passport, Driver’s License, SSS/UMID, GSIS, Senior Citizen card, Voter’s ID, PRC ID. All IDs to be submitted must be valid and unexpired.
  • For Guarantor: Copy of TIN Card and any two of the following IDs: Passport, Driver’s License, SSS/UMID, GSIS, Senior Citizen card, Voter’s ID, PRC ID. All IDs to be submitted must be valid and unexpired.
  • Copy of past three (3) years BIR-stamped and received copy of Income Tax Return (ITR) Certificate and Audited Financial Statements with Notes to Financials. If available, past 3 years In-house Financial Statements
  • Copy of latest Management / Interim Account, if audited account is > 6 months old
  • Copy of latest minimum 3 months Bank Statements of major depository or operating bank accounts
  • List of ongoing and future projects
  • Copy of Contracts / Notice To Proceed / Notice of Awards for current, ongoing, & newly awarded projects
  • Documentary evidence confirming settlement of legal suits, if applicable
  • Completely filled up and signed Credit Application Form

Documentary Requirements for PARTNERSHIP / CORPORATION

  • Copy of Certificate of Incorporation (Corporation/Partnership), Articles of Incorporation, By-Laws (and all amendments, if any)
  • Copy of latest SEC-received copy of General Information Sheet, latest Business Permit/s, Company Profile
  • Copy of latest Contractor’s License/Grading issued by Philippines Contractors Accreditation Board
  • Copy of TIN Card and any two (2) types of valid unexpired government-issued IDs bearing clear photo and signature of all signatory/ies,
    guarantors and shareholders with shareholdings of more than 20%. (IDs accepted: Passport, Driver’s License, SSS/UMID, GSIS, Senior Citizen card, Voter’s ID, PRC ID)
  • Copy of past three (3) years BIR-stamped received copy of Income Tax Return (ITR) Certificate and Audited Financial Statements with notes to Financials. If available past 3 years In-house Financial Statements
  • Copy of latest Management / Interim Account, if audited account is > 6 months old
  • Copy of latest minimum 3 months Bank Statements of major depository or operating bank accounts
  • List of ongoing and future projects
  • Copy of Contracts / Notice To Proceed / Notice of Awards for current, ongoing, & newly awarded projects
  • Documentary evidence confirming settlement of legal suits, if applicable
  • Completely filled up and signed Credit Application Form

Financing Matrix Table

Finance Amount
12 mos. (6.03% Interest)
Monthly
500,000
44,180.02
1,000,000
88,360.04
1,500,000
132,540.06
2,000,000
176,720.08
2,500,000
220,900.10
3,000,000
265,080.13
3,500,000
309,260.15
4,000,000
353,440.17
4,500,000
397,620.19
Finance Amount
24mos. (6.44% Interest)
Monthly
500,000
23,516.15
1,000,000
47,032.31
1,500,000
70,548.46
2,000,000
94,064.61
2,500,000
117,580.76
3,000,000
141,096.92
3,500,000
164,613.07
4,000,000
188,129.22
4,500,000
211,645.38

Sample monthly amortization only. Actual amortization might vary based on actual total amount of the contract

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