Guide on SB Finance Motorcycle Loan Interest Rate Implemented by Lender
SB FINANCE MOTORCYCLE LOAN INTEREST – Here is a guide on the interest rate implemented under the SB Finance MotorsikLOAN offer.
Nowadays, you can get a motorcycle loan even if you will not pay for it under a one-time full payment. It is because of the loan providers that have included motorcycle loans in their offers to the public. One of these loan providers is SB Finance, a partnership of Security Bank and Krungsri.
The Motorcycle Loan offer of the Security Bank is ready to finance the purchase of any type of motorcycle — regular, medium-range, and high-end motorcycles. It is also open for both brand new and pre-owned vehicles.
The SB Finance Motorcycle Loan interest rate depends on the type of the motorcycle financed under the loan offer. Here are the interest rates:
- Regular Motorcycles — 2.47%
- Medium Motorcycles — 1.2%
- High-End Motorcycles — 2.47%
The SB Finance Motorcycle Loan interest rate is implemented until the end of the loan term. The loan repayment option is up to 36 months for regular and medium-range units and 48 months for high-end units.
With regards to the amount that you may borrow under the loan offer, the SB Finance posted the maximum loanable amount under the Motorcycle Loan offer. Here are the documents that you need to prepare in scanned copies to apply for the loan offer:
Employed Applicants:
- Photocopy of one (1) valid ID issued by the government and bearing your photo
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income (any of the following)
- One (1) month latest payslip
- Bank statement (last three (3) months) or passbook
- Certificate of Employment (COE)
Self-Employed Applicants:
- Photocopy of one (1) valid government-issued photo-bearing ID
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income:
- If business is registered, prepare…
- Latest one (1) year Financial Statements (unaudited or audited), OR
- Latest three (3) months bank statements or passbook
- SEC / DTI Certificate of Registration, OR
- Business Permit / Mayor’s Permit, AND
- Latest GIS (if corporation)
- If non-registered business, prepare…
- Latest three (3) months bank statements
- Other documents as proof of income at least 1 month e.g. sales invoice, trade receipts, e-wallet transaction history
- Barangay Business Permit
- If business is registered, prepare…
Overseas Filipino Workers (OFWs)
- Photocopy of one (1) valid government-issued photo-bearing ID
- Proof of income (any of the following)
- 1 month latest allotment or remittance slips
- Bank statement (last 3 months) or passbook
- Certificate of employment from foreign employer
- Employment contract (OFW)
Jeepney or Tricyle Driver, Owner or Operator
- OR/CR of the vehicle under the borrower’s name,
- Deed of Sale in favor of the applicant
- Proof of vehicle operation
- Copy of Franchise
- Association membership Certification
- Tricycle / Jeepney Operators and Drivers Association ID
Agricultural Land Owner
- Barangay Certification or BARC (Barangay Agrarian Reform and Council) Certification or;
- Copy of the Land Title
- Trading Documents / Irrigation Receipts
For the application, download the Zuki app. You can get this platform in the pursuit of the SB Finance loan application through Google Play or the App Store.