Lists of Maybank Auto Loan Requirements for Application
MAYBANK AUTO LOAN REQUIREMENTS – You can check here the qualifications and the documents required by Maybank in applying for its loan offers.
In the Philippines, banks are among the entities that many people prefer when it comes to loans. There are banking entities that are operating in the country for decades already and have gained the trust of millions of Filipinos.
One of the reputable banks in the country is Maybank. It has several finance products and services including different types of bank accounts such as savings, current, ATM, and time deposit accounts; loans; investment products; and a lot more.
Among the loan offers of the reputable bank are the Maybank Auto Loans. It is ready to finance the purchase of both brand new and pre-owned vehicles, refinance for extra funds using the value of the vehicle as the basis, and truck purchase.
Who are qualified in applying for the loan offers? The Maybank Auto Loan requirements include both qualifications that the loan applicant must meet and documents that must be submitted.
To be eligible to apply for the loan offer, here are the qualifications that the loan applicant must meet:
- a Filipino citizen
- at least 18 years but not more than 65 years old at the time of the loan application
- has no adverse records
- owner of a residence
- with a reliable source of income
- If employed — permanently employed for at least 2 years
- If self-employed — business in operation for at least 3 years
With regards to the Maybank Auto Loan requirements pertaining to the documents that must be submitted in applying for the offer, there are variations depending on the purpose of the loan application.
If you are applying for the financing of a brand new car, here are the documents that must be prepared and submitted to the bank:
- duly-accomplished and signed Maybank Auto Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest Income Tax Return (ITR)
- proof of income:
- If employed — Compensation Certificate
- If self-employed:
- Business Papers (SEC Registration, Articles of Incorporation & By-Laws if Partnership and Corporation; DTI Registration if Single Proprietorship)
- latest 3 months Bank Statements
- If corporate:
- Latest Audited Financial Statements
If you are applying for the loan for the financing of a second-hand car purchase, refinancing, or purchase of a truck, here are the Maybank Auto Loan requirements that must be submitted to the bank:
- duly-accomplished and signed Maybank Auto Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest Income Tax Return (ITR)
- proof of income:
- If employed — Compensation Certificate
- If self-employed:
- Business Papers (SEC Registration, Articles of Incorporation & By-Laws if Partnership and Corporation; DTI Registration if Single Proprietorship)
- latest 3 months Bank Statements
- If corporate:
- Latest Audited Financial Statements
- Original LTO Registration
- copy of LTO Registration
- LTO Official Receipt of the vehicle for unit inspection and car history verification
Aside from Maybank, another reputable entity with an auto loan offer is the Sterling Bank of Asia.
