Guide on Maybank Philippines Car Loan 2025 Features & Application
MAYBANK PHILIPPINES CAR LOAN 2025 – Maybank offers a loan that is packed with excellent features in financing a secondhand car purchase.
Are you excited to have your own wheels? You don’t actually have to wait long for it. Moreover, it does not have to be a brand new car. Truth be told that there are a lot of used cars in the market that are still quality for everyday use. They come with cheaper prices.
If you want to have your own car soon whether it is a brand new or pre-owned vehicle, one of the reputable entities that you may turn to for financing is Maybank. It is a trusted bank through the years, thus, it is ensured that all the transactions are legal.
There is a Maybank car loan for brand new car purchase financing as well as a car loan for the financing of a pre-owned vehicle. To check on the Maybank Philippines car loan offer for the financing of a used car, you can read on these details below.
The Maybank loan offer is open for secondhand vehicles that are 10 years old and below. It is open not only for the salaried but as well as non-salaried individuals.
Under the Maybank Philippines Car Loan offer for used vehicle purchase financing, the bank only requires 30% downpayment. The loan is payable for up to 48 months or four (4) years.
How to apply for the Maybank Philippines car loan offer for the financing of a secondhand vehicle purchase? There are only a few steps that you have to take. It is best to go through the steps to ensure a smooth process.
Here is a guide on the Maybank Philippines car loan application:
Step 1 — Check the Qualifications
If you are employed, you must meet the following eligibility criteria to qualify for the loan offer:
- a Filipino citizen
- between 18 and 65 years old
- without adverse records
- owner of a residence
If you are self-employed, here are the qualifications you must meet to be eligible to apply for the loan offer:
- a Filipino citizen
- between 18 and 65 years old
- without adverse records
- owner of a residence
Step 2 — Prepare the Requirements
There are documentary requirements in applying for the Maybank Car Loan offer for the financing of a used car purchase. The bank has set varying requirements among the employed, self-employed, and corporate borrowers.
Step 3 — Submit your Loan Application
To submit your loan application, visit a branch of Maybank Philippines nearest to you and submit your documents. It may take up to three (3) days for the bank to process the loan application.
You might also like to check on the Maybank Cash Loan offer.