Guide on the SB Finance Motorcycle Loan 2023 Application Offer
SB FINANCE MOTORCYCLE LOAN 2023 – Here is a guide on how to apply for the MotorsikLOAN offer of SB Finance including the requirements.
Nowadays, you may obtain an approved loan application even without personally appearing at a brick-and-mortar space of the lender. It is because of the presence of digital banks and online cash loan offers for Filipinos. One of the entities that offer online loans is SB Finance.
SB Finance is a partnership of the Security Bank and Krungsri. It offers several onlines through the Zuki app which can be downloaded online for free. One of the offers is the SB Finance Motorcycle Loan 2023.
The MotorsikLOAN offer of the digital bank covers both brand new and pre-owned motorcycles. You may apply for the financing of a purchase of a regular motorcycle or a medium or high-end bike depending on your choice.
The digital bank has not set a minimum loanable amount, only a maximum loanable amount, under the SB Finance MotorsikLOAN. It is open for both employed and self-employed individuals.
With regards to the SB Finance Motorcycle Loan interest rate, it is also dependent on the type of vehicle that the client wants to be financed. There is an easy process in applying for the loan offer:
Prepare the requirements
- Employed
- Photocopy of one (1) valid government-issued photo-bearing ID
- 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)
- Self-Employed
- 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…
- Overseas Filipino Workers (OFWs)
- 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)
- Jeepney and Tricycle Drivers, Owners, or Operators
- 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
- Farmers and Agricultural Land Owners
- Barangay Certification or BARC (Barangay Agrarian Reform and Council) Certification or;
- Copy of the Land Title
- Trading Documents / Irrigation Receipts
Download the Zuki App
You can download the Zuki app from Google Play or the App Store to gain access to the application for the loans offered by SB Finance. Register for an account and start with the online application process.
Aside from the MotorsikLOAN offer, the Security Bank also has several other loan offers that you may apply for online. The list includes SB Finance Personal Loan, a multi-purpose cash loan offer.
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