Guide on the SB Finance MotorsikLOAN Loanable Amount for Aspiring Applicants
SB FINANCE MOTORSIKLOAN – Here is a guide on the loanable amount under the motorcycle loan offer of SB Finance.
Nowadays, there are several ways that a person can obtain a service vehicle even without paying for it in full. There are entities that offer highly-accessible loans just like the SB Finance, a partnership of the Security Bank and Krungsri.
The SB Finance offers a motorcycle loan that is ready to finance the purchase of both regular bikes and medium or high-end motorcycles. The SB Finance MotorsikLOAN offer caters both brand new and pre-owned motorcycles as well.
SB Finance has several partner dealears including Star Honda, Moto Press, Freiburg Corporation, Motorcycle City, Nirinsha Corp, Rizal Autozone Inc., Motorcentral, EMCOR, Motoking, BLIP Motors, and Bikeworld.
The SB Finance MotorsikLOAN boasts with high loanable amounts and and flexible loan terms. You may borrow an amount for the purchase of up to P2 million-worth motorcycle. With regards to the payment terms, it depends on the type of unit you want to take.
- 12, 18, 24, 30, 36 months for regular motorcycles
- 12, 18, 24, 30, 36 months for medium motorcycles
- 48 months for high-end motorcycles
The Motorcycle Loan offer of SB Finance is open for both employed and self-employed individuals. The requirements in applying for the loan offer depends on the income generation source of the applicant.
If you are employed, prepare the following documents:
- Photocopy of one (1) valid ID issued by the government and bearing your photo
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income (any of the following)
- One (1) month latest payslip
- Bank statement (last three (3) months) or passbook
- Certificate of Employment (COE)
If you are self-employed, prepare the following documents:
- Photocopy of one (1) valid government-issued photo-bearing ID
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income:
- If business is registered, prepare…
- Latest one (1) year Financial Statements (unaudited or audited), OR
- Latest three (3) months bank statements or passbook
- SEC / DTI Certificate of Registration, OR
- Business Permit / Mayor’s Permit, AND
- Latest GIS (if corporation)
- If non-registered business, prepare…
- Latest three (3) months bank statements
- Other documents as proof of income at least 1 month e.g. sales invoice, trade receipts, e-wallet transaction history
- Barangay Business Permit
- If business is registered, prepare…
If you are an OFW applicant, prepare the following documents:
- Photocopy of one (1) valid government-issued photo-bearing ID
- Proof of income (any of the following)
- 1 month latest allotment or remittance slips
- Bank statement (last 3 months) or passbook
- Certificate of employment from foreign employer
- Employment contract (OFW)
If you are a jeepney or tricycle driver, owner, or operator, prepare the following documents:
- OR/CR of the vehicle under the borrower’s name,
- Deed of Sale in favor of the applicant
- Proof of vehicle operation
- Copy of Franchise
- Association membership Certification
- Tricycle / Jeepney Operators and Drivers Association ID
If you are a farmer or an agricultural land owner, prepare the following documents:
- Barangay Certification or BARC (Barangay Agrarian Reform and Council) Certification or;
- Copy of the Land Title
- Trading Documents / Irrigation Receipts
You may apply for the SB Finance loan offer online through the Zuki app. You may download the app from Google Play or the App Store for free.
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