Guide on Maybank Auto Loan Refinancing Details & Application Process
MAYBANK AUTO LOAN REFINANCING – Here are the details on the loan offer, the downpayment, how to apply for it, and the requirements.
Are you looking for an entity where you can apply for a loan using your vehicle as the collateral? Maybank is one of the banking firms that you may turn to. You can check the details of the bank offer below.
Maybank Auto Loan Refinancing
Under this Maybank loan offer, you can maximize your assets by using your vehicle to obtain funds for your personal or business needs. One great thing is that this bank accepts cars that are older than 10 years as collateral. You can get up to 60% of the appraised value of your vehicle and repay the loan in up to 24 months.
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 Auto Loan Refinancing 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
