Lists of Maybank Cash Loan Qualifications in Applying for the Loan Offer
MAYBANK CASH LOAN QUALIFICATIONS – Here are the different eligibility criteria set by the bank in applying for the Personal Loan offer.
In the Philippines, one of the reputable banks is Maybank which is in the service of the Filipino people for decades now. It has served countless Filipinos in different ways including through loan offers aside from the multiple bank account types it offers.
The loans of Maybank includes a Personal Loan, a home loan, a car loan, and business loans. If you want a multi-purpose cash loan offer, the Maybank Personal Loan is the loan that suits your needs.
The offer is open for locally-employed and self-employed individuals as well as professionals. There are different Maybank Cash Loan qualifications depending on the employment status or the source of income of the loan applicant.
For locally-employed individuals, here are the eligibility criteria set by the bank to qualify for the loan offer:
- a Filipino citizen
- at least 23 years old but not older than 65 years old during the loan maturity
- home and business address must be within any of the bank’s service regions
- must have active home landline, office or business landline, and mobile number
- applicant must be with the current employer for 2 years work tenure and earning a minimum salary of Php 25,000
- employer must be one of the Top 7,000 companies in the Philippines
For self-employed individuals, there is a different set of Maybank Cash Loan qualifications set by the bank. To qualify, here are the eligibility requirements that the borrower must meet:
- a Filipino citizen
- at least 23 years old but not older than 65 years old during the loan maturity
- home and business address must be within any of the bank’s service regions
- must have active home landline, office or business landline, and mobile number
- applicant must be in the same business for at least 3 years
- your business should have been operational for the past 3 years with at least 2 continuous years of profitability
- business should be duly registered with DTI or SEC
- average monthly income of Php 200,000
In the case of professionals who wish to apply for the loan offer, here are the qualifications set by Maybank:
- a Filipino citizen
- at least 23 years old but not older than 65 years old during the loan maturity
- home and business address must be within any of the bank’s service regions
- must have active home landline, office or business landline, and mobile number
- applicant must be practicing the same profession for at least 3 years already at the time of the loan application
Aside from the eligibility requirements, there are also documentary requirements for the Maybank cash loan application. The list of required documents depends if you are locally-employed or self-employed.