Guide on Maybank Truck Loan Features and Requirements To Apply
MAYBANK TRUCK LOAN – You may bring your business to greater heights by adding a truck for a more efficient delivery of your products and services.
Nowadays, more and more people are joining the business arena. Truth be told that countless individuals were able to grow their money through a successful business. However, it is also not as easy as counting 1, 2, and 3.
The successful business also invested a lot of time, money, and energy in growing their business and bringing it to its. Its a huge gamble that they have taken and there are also business owners who took the risk and sourced out everything they could for a wide operation of the business.
Meanwhile, there are entities that are ready to help your business achieve greater heights. One of these is Maybank, a reputable bank in the country that offers the Maybank Truck Loan that can help you acquire a vehicle for the delivery of your products and services and other business needs.
Maybank has set no limit on the vehicle that it is willing to finance under the loan offer. It is open for four-wheelers up to 10-wheelers trucks. It accepts the following:
- brand new trucks
- reconditioned or surplus trucks
According to the bank, under the Maybank Truck Loan offer, you may borrow up to 70% of the appraised value of your vehicle. The loan is payable for up to 36 months and it will only take three (3) days for your loan application to obtain an approval.
The loan application eligibility qualifications are very short. To qualify, the borrower must be in a business operation for at least three (3) years already with no adverse records. Here are the documents required by the bank in applying for the loan offer:
- duly-accomplished and signed Maybank Car Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- Latest income tax return
- Compensation certificate, income indicated (if 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 self-employed)
- Latest Audited Financial Statements (for Corporate Borrowers)
- Copy of LTO Registration, Original LTO Registration and LTO Official Receipt of the vehicle for unit inspection and car history verification
