Guide on Maybank Truck Loan Details & Application Process
MAYBANK TRUCK LOAN – Here is a guide on how to apply for this loan offer, the requirements in applying, the downpayment, etc.
Are you looking for a car loan offer that covers truck vehicles? You may turn to Maybank. It is crafted to help business expansion of clients whose businesses need trucks for certain purposes.
Maybank Truck Loan
The bank’s Truck Loan offer is open from four (4) wheelers to ten (10) wheelers truck may it be brand new, reconditioned, or surplus stocks. You can borrow up to 70% of the appraised value of your target vehicle and the borrowed amount is payable up to 36 months. The loan processing is as fast as three (3) working days.
Who are qualified to apply for this loan offer?
Maybank has set qualifications which the bank considers in determining the eligibility of the applicant for the loan offer. To qualify for this loan, the borrower must be:
- at least 25 years old upon the loan application but not over 60 years old upon the loan maturity
- having no adverse records
- a residential property owner
- permanently employted for at minimum of two (2) years already or running a profitable business for at least three (3) years already
List of Requirements in Applying:
There are documents that you must prepare and submit to Maybank in applying for its car loan offer. In applying, bring the following documents:
- two (2) valid IDs each among the borrower, spouse or another authorized signatory
- completely filled-out and signed Maybank Car Loan Application Form
- latest Income Tax Return (ITR)
- proof of income:
- If employed, submit your Certificate of Compensation indicating your income
- If self-employed, submit your business papers such as your Securities and Exchange Commission Registration, Articles of Incorporation & By-Laws for partnership and corporations, and Department of Trade and Industry (DTI) Registration for single proprietorship
- If corporate borrowers, submit your latest Audited Financial Statements
You may also visit – MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For
