Guide on Maybank Car Loan Requirements & Qualifications for Application
MAYBANK CAR LOAN REQUIREMENTS – Here are the specific documents and the qualifications needed in applying for the loan offer.
Maybank Philippines is one of the banking entities in the country that offer a car loan. Its loan offer is open for both brand new and pre-owned vehicles.
Maybank has set qualifications in applying for the loan offer. To be eligible to apply for the loan offer, the borrower must be:
- at least 25 years old upon the loan application but not over 60 years old upon the loan maturity
- having no adverse records
- a residential property owner
- permanently employted for at minimum of two (2) years already or running a profitable business for at least three (3) years already
There are specific documents that you must submit in applying for the loan offer. Here are the Maybank Car Loan requirements that you must prepare and submit to apply for the loan offer:
- two (2) valid IDs each among the borrower, spouse or another authorized signatory
- completely filled-out and signed Maybank Car Loan Application Form
- latest Income Tax Return (ITR)
- proof of income:
- If employed, submit your Certificate of Compensation indicating your income
- If self-employed, submit your business papers such as your Securities and Exchange Commission Registration, Articles of Incorporation & By-Laws for partnership and corporations, and Department of Trade and Industry (DTI) Registration for single proprietorship
- If corporate borrowers, submit your latest Audited Financial Statements
To apply, bring the Maybank Car Loan requirements to the branch of the bank where you wish to apply for the offer. All loan applications are subject to the approval of the bank.
Aside from the car loan offer, Maybank Philippines also has a personal cash loan offer. To check on its details, kindly visit — Maybank Cash Loan: Here’s How Much You May Borrow Under this Loan Offer.