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What is Salmon Moto Loan?

Salmon Moto Loan lets eligible customers finance a motorcycle purchase with flexible payment terms, subject to our terms and conditions. 

Moto Loan is primarily a pre-approved, offer-based loan. Some customers may receive a Moto Loan offer through the Salmon app or SMS. Customers can also apply through our Moto Marketplace or our Salmon partner stores. 

 

How do I apply for Moto Loan? 

You can apply for Moto Loan in three ways: 

 

1. Through a Moto Loan offer 

  • Receive a Moto Loan offer through SMS or in the Salmon app

  • Tap the offer to visit the Salmon web portal

  • Choose a motorcycle from the available listings

  • If you do not see a model you like, you may apply without choosing a motorcycle

  • Submit your application through the web portal

 

2. Online through Moto Marketplace 

  • Go to our Moto Marketplace

  • Select your preferred motorcycle model

  • Fill out the application form

  • Download the Salmon app to complete the process

  • This is available in Greater Manila and nearby provinces, including Laguna, Cavite, Rizal, Bulacan, Pampanga, and Batangas

 

3. Through a QR code at a partner store 

  • Visit any Salmon partner store

  • Scan the QR code available at the store

  • Fill out the application form

  • Take note that you do not need a prior offer or an existing Salmon account to apply

 

After you submit your application, a Moto Loan manager will review it and contact you to confirm your details. The manager will also agree with you on the date and location of your in-person meeting at a dealer center. 

At the dealer center, you will meet the manager and inspect your chosen motorcycle. If there are no issues, your Moto Loan application will continue on the spot. 

Once your application is approved, your motorcycle will be released. When your loan is fully paid, the manager will contact you again to arrange the final meeting and deliver the spare set of keys and original documents. 

 

 

What are the requirements for Moto Loan? 

You need to submit the following: 

1. Two valid IDs 

Please check our list of accepted valid IDs first before submitting your application. 

2. Proof of income 

Proof of income is recommended as it increases your chances of approval, but it is not mandatory. We accept all types of income including cash income. 

 

 

If you are employed, you may submit one of these: 

  • Latest payslip

  • Certificate of Employment

  • Income Tax Return (ITR)

 

If you are self-employed, you may submit one of these: 

  • Latest audited financial statement

  • Business registration or permit

  • Bank statement

  • Other proofs of income, such as GCash or Maya statements

The minimum down payment depends if you are a new or existing Salmon customer:

1. For existing Salmon customers: 5%

2. For new customers: 10%

You can choose from these loan terms:

  • 12 months

  • 18 months

  • 24 months

  • 36 months

You may request a payment holiday for Moto Loan. Approval will depend on Salmon’s terms and conditions.

Salmon does not currently have any zero down payment offers, but some motorcycle installment plans may have lower down payment options. 

This depends on your eligibility, lender requirements, selected motorcycle, and customer profile.

You can still apply even if you did not receive a Moto Loan offer.

 

There are two ways to apply:

1. Visit any Salmon partner store and scan the QR code. You do not need to have a prior offer.

2.  Apply online through our Moto Marketplace. This is available in Greater Manila and nearby provinces, including Laguna, Cavite, Rizal, Bulacan, Pampanga, and Batangas.

 

 

If you are an existing Salmon customer, we recommend checking the Salmon app first. You may already have a Moto Loan offer available.

If you received a Moto Loan offer, it should still be visible in the Salmon app even if the SMS was deleted. Please check the Salmon app for your Moto Loan offer.

You can choose from motorcycles by Honda, Yamaha, Kawasaki, Suzuki, Bajaj, and Lambretta, up to a loan amount of ₱200,000. You can also submit a custom request through the contact form. 

All available models are eligible for motorcycle financing in the Philippines, subject to standard approval conditions. 

You can submit an application through the contact form without selecting a motorcycle. A Salmon Moto Loan specialist will contact you to discuss your preferred model and guide you through the next steps. 

The Salmon Moto Loan calculator helps you estimate your monthly payments and down payment for the motorcycle you want. You'll also see key loan details, including the loan amount, term, and benefits, before you continue.

You can apply online at our Moto Marketplace. 

We currently serve customers in Greater Manila and nearby provinces, including Laguna, Cavite, Rizal, Bulacan, Pampanga, and Batangas. You do not need to visit a dealer to get started. 

To apply online: 

1. Choose a motorcycle from the Moto Marketplace

2. Fill out the application form 

3. Download the Salmon app to complete the process 

You can apply for a Moto Loan at a Salmon partner store by scanning the QR code available there.

 

To apply:

1.  Visit any Salmon partner store

2.  Scan the QR code available at the store

3.  Fill out the application form

 

You don't need a Salmon account or any prior Moto Loan offer to apply.

Please contact Customer Service via in-app chat so we can help restore access to the QR code for your application. 

Our standard review period is 1 to 3 days after you submit your application. Once we’ve completed the review, we’ll let you know our decision.

You may reapply after 40 days from the date of rejection. In some cases, the waiting period may be longer depending on why your application was rejected.

You can pay off your Moto Loan in full before the end of the loan term. 

Please contact Customer Service via in-app chat on the exact date you intend to make the payment and request a full early repayment. 

If you miss your Moto Loan payment, a late penalty fee will apply according to the terms and conditions of your loan agreement.

We cannot extend your loan term. You must follow the repayment schedule in your signed loan agreement.

You cannot sell the motorcycle you received to a third party before fully repaying your loan. This is because the motorcycle is still under financing and remains the property of the lender until the loan is fully paid.

We will deliver your spare set of keys and motorcycle title within 1 to 2 days after you fully repay your loan.

Once your loan is fully repaid, a Moto Loan specialist will contact you to confirm your updated address. They will then arrange the delivery of your spare keys and motorcycle title.

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