SB Finance Car Loan — Here’s How Much You May Borrow under the Offer
SB FINANCE CAR LOAN – Here are the minimum and maximum loanable amounts under the Car4Cash loan offer of the online lender.
Are you looking for a loan offer where you can use your car as the collateral? The SB Finance, a partnership of the Security Bank and Krungsri, is one of the entities that you may actually turn to.
What sets the SB Finance Car4Cash offer apart is that the online lender does not take the vehicle. It will only keep the Original Receipt and the Certificate of Registration (OR/CR) of your vehicle.
Under the said loan offer, you may use a car that is aged up to 12 years. The application process is all digital.
Under the SB Finance Car Loan offer, the minimum loanable amount is P100,000 while the maximum loanable amount is P2 million. The loan terms available are 12, 18, 24, 36, and 48 months.
The eligibility criteria for the locally-employed and self-employed applicants of the SB Finance Car4Cash loan offer vary. If you are locally-employed, here are the qualifications considered by the online lender:
- 21 years old and above at the time of application
- 65 years old and below upon loan maturity
- Filipino Citizen
- has an office or residence landline
- stable income
- For Metro Manila: PhP15,000
- For outside Metro Manila: PhP12,000
For self-employed applicants, you must meet the following criteria to qualify for the car loan offer:
- 21 years old and above at the time of application
- 65 years old and below upon loan maturity
- Filipino Citizen
- has an office or residence landline
- owner or a majority owner with at least 40% stake
- business has been operating profitably for at least 2 years
- at least 1 trade reference
- minimum gross monthly income of PhP60,000
Aside from the eligibility criteria, there are documentary requirements for SB Finance Car Loan application. You must prepare the documents in scanned copies that are not higher than 5 MB per document. You can apply for the SB Finance loan offer through the Zuki app which you can download from Google Play and Play Store.