Steps for SB Finance Car Loan “Car4Cash” Application Process
SB FINANCE CAR LOAN – Detailed below are the steps on how to apply for the Car4Cash online loan offer of SB Finance.
Are you looking for an online loan offer that can provide you with some cash using your vehicle as the collateral? You may turn to SB Finance, a partnership of the Security Bank and Krungsri. It is open for cars that are 12 years old and below.
One of the best features of the SB Finance Car4Cash loan offer is that it does not take your vehicle. Only the Official Receipt (OR) and the Certificate of Registration (CR) will be kept by the online lender during the loan term but your vehicle stays with you.
The amount from SB Finance can be repaid in 12, 18, 24, or 36 months. The allowed borrowing amounts may vary but the online lender has provided details about the minimum and maximum loanable amounts under the SB Finance Car Loan offer.
Are you qualified?
There are a few qualifications in applying for the SB Finance Car Loan offer. The lists of eligibility criteria vary depending if you are employed or self-employed. For employed applicants, the following eligibility requirements must be met to qualify for the offer:
- 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
For self-employed applications, to qualify for the Car4Cash offer, you must meet the following eligibility criteria:
- 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
- running a profitable business
- 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
Prepare the required documents.
There are documents that you need to prepare for the online applictaion process. Make sure that you have scanned copies of the requirements for SB Finance Car Loan and that each file does not exceed 5 MB.
Download the Zuki app.
You can download the Zuki app from Google Play if you are an Android user to apply for the SB Finance loan offer. If you are using an Apple device, you can download it from Play Store.