Requirements for SB Finance Car Loan Offer Application

Guide on the Requirements for SB Finance Car Loan Application You Must Prepare

REQUIREMENTS FOR SB FINANCE CAR LOAN – You can check the guide below for the documents needed in applying for a loan to SB Finance.

Do you have a car and you need some money? You can actually make some money without selling your vehicle. There are lenders that offer a car loan to lend money using the vehicle as the collateral for the loan offer. However, most of these offers require personal application except for the offer of a few entities like SB Finance.

Requirements for SB Finance Car Loan
Photo Credit: Dems Angeles

SB Finance has the Car4Cash loan offer. Under it, the online lender will only get the OR or CR of your car but the vehicle will remain with you. You may apply for a loan even if your vehicle is already 12 years old. You can use the money to fund your immediate needs.

SB Finance
Photo Credit: BusinessWorld Online

The online lender has set a list of the eligibility criteria in applying for the loan offer. Here are the eligibility requirements for SB Finance Car Loan application that the borrower-applicant must meet:

  • at least 21 years old at the time of application but not more than 65 years old upon loan maturity
  • a Filipino Citizen
  • has an office or residence landline
  • earning at least Php 15,000 a month if working within Metro Manila; working at least Php 12,000 a month if working outside Metro Manila
  • if self-employed or a professional, the borrower must meet the following criteria:
    • owner or a majority owner with at least 40% stake
    • business has been operating profitably for at least 2 years
    • business with at least 1 trade reference

Since it will be an online application for the SB Finance loan offer through the Zuki app, prepare scanned copies of the requirements for SB Finance car loan offer application. The files can be in jpeg, pdf, or png format. The size of the digital images and files must not be over 5 megabytes.

  • one (1) of your valid IDs issued by the government (photo-bearing)
  • OR/CR photo
  • source of income:
    • If employed, prepare the following documents:
      • Latest Certificate of Employment and Compensation issued within last two (2) months
      • Latest one (1) month payslip issued within the last month
      • Latest Income Tax Return (ITR) / BIR Form No. 2316 (photocopy)
    • If self-employed, prepare any of the following documents:
      • Latest three (3) months bank statements
      • Business permit/Mayor’s permit
      • Latest one (1) year Audited Financial Statements (AFS) with at least the previous year’s comparative financials
      • SEC/DTI Certificate of Registration
      • Latest GIS (if corporation)
      • List of three (3) trade references (at least 1 supplier and 1 customer) with contact details

To apply for the SB Finance loan offer, download the Zuki app online. If you are using an Android phone, you can download it from Google Play. For Apple phone users, you can download it from the App Store.

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