Guide on Who Are Qualified for Maybank Car Loan Offer Application
QUALIFIED FOR MAYBANK CAR LOAN – Do you want to check the qualifications or the eligibility requirements in applying for Maybank Auto Loan?
Banks are among the entities that you can turn to in applying for the loan offer. One of these is Maybank which offers a car loan that is open for the financing of both brand new and pre-owned vehicle purchases.
According to the bank, you only need 20% of the selling price of the vehicle as downpayment. For example, the price of the vehicle that you want to purchase is P1 million, you only need to prepare P200,000 for the downpayment.
Who are qualified to apply for Maybank Car Loan offer? The borrower-applicant must be:
- at least 25 years old upon the loan application but not more than 60 years old upon the loan maturity
- having no adverse records
- an owner of a residence
- if employed, the borrower-applicant must be on a permanent status for at least two (2) years already
- if self-employed, the borrower-applicant must be running his or her own business that is operating for at least three (3) years already upon the loan application
The requirements for Maybank Car Loan Application:
There are documents that you need to submit in applying for the loan offer. These will be used as the bank’s basis in assessing your loan application. For the documentary requirements, you may visit – Requirements Maybank Car Loan: List of Documents You Must Submit in Applying.
According to Maybank, the loan application approval process may take as fast as one day only. You can repay the loan for up to five (5) years or 60 months. Do you want to check the other loans offered by the bank? You may visit – MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For.
