Guide on Maybank Brand New Car Loan Offer Features & Application
MAYBANK BRAND NEW CAR LOAN – Are you ready to drive the vehicle of your dreams and enjoy all the benefits it can bring?
There are a lot of benefits if you have your own car. While others will look at the huge price of purchasing a vehicle, surely, benefits outweigh the challenge of paying for it. If you have your own car, in the practical sense, it is an emergency preparation most especially when emergency happens in the wee hours of the day.
Also, having your own vehicle will give you the everyday convenience in traveling. You can to your destination at the speed that is safe for you and your family and you always have an option to avoid the traffic hours.
During intense summer heat, traveling inside your airconditioned vehicle will surely give you a huge amount of relief. Undeniably, while having a car may appear like a “want”, nowadays, it is already a “need” in several circumstances.
However, truth be told that paying for a car purchase in cash is something that many people are not prepared of. Meanwhile, there are options that you can turn to. Among them are car loan offers.
In the Philippines, one of the banks that you may turn to is the Maybank Brand New Car Loan offer. It is ready to finance the purchase of brand new vehicles whether it is for personal or business use.
The bank has not mentioned the definite range of the loanable amounts under the offer but it assures low downpayment. It requires at cash out of at least 20% of the target value of the vehicle.
The Maybank loan is payable for up to 60 months thus there is really an option to have light monthly installments. The bank also has minimal requirements for the application to the loan.
Who are qualified to apply for the loan offer? The Maybank Car Loan is open for both employed and self-employed Filipinos. Here are the qualifications in applying for the loan offer:
Employed
- a Filipino citizen
- between 18 and 65 years old
- has no adverse records
- owner of a residence
- permanently employed for at least 2 years
Self-Employed
- a Filipino citizen
- between 18 and 65 years old
- has no adverse records
- owner of a residence
- business in operation for at least 3 years
Here are the requirements in applying for the loan offer:
- Completely filled-out and signed 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)
Aside from the Maybank Brand New Car Loan offer, the bank also has the Maybank Super Bike Loan. Are you excited to drive your dream motorcycle?