Guide on Maybank Car Loan Requirements 2025 for Application
MAYBANK CAR LOAN REQUIREMENTS 2025 – For brand new vehicle financing, here are the qualifications and the documents required for application.
Undeniably, having your own car nowadays brings a lot of advantage. It can really save you a lot of time. Also, driving your own vehicle increases the chance of safety lying in your own hands. You do not have to shelve out all your savings for a car now as there are a lot of options.
A car purchase is undeniably a huge move. It requires thousands of money and not everyone may be willing to have it under a one-time cash payment. In fact, even people who have enough in their bank accounts would rather pay it in installment and use their money somewhere else where it has a chance to grow.
The good thing now is that there are entities that you can turn to for car loans. In the Philippines, one of the trusted banks with the said offer is Maybank.
Maybank is operating in the Philippines for decades already since 1997. It has several offers including bank accounts, loans, investment products, and a lot more. When it comes to its loan offers, aside from the Maybank Cash Loan, the bank also has car loans.
The car loan offers of Maybank include the loan that can finance the purchase of a brand new vehicle. Under the loan offer, at least 20% of the selling price of the vehicle is required for the downpayment. The loan repayment can be maximized to up to 60 months, thus, there is really an option for light monthly installments.
To apply for the loan offer, there are both qualifications and Maybank car loan requirements you must submit in applying for the financing of a brand new vehicle. The loan offer is open for both salaried and non-salaried individuals.
Before checking on the Maybank car loan requirements for brand new vehicle purchase financing, here are the qualifications that you must meet to be eligible to apply for the loan offer:
- must be a Filipino citizen
- between 18 and 65 years old
- without adverse records
- owner of a residence
- permanently employed for at least 2 years
- business in operation for at least 3 years
With regards to the Maybank car loan requirements for application, it depends if you are applying as an employed individual, a self-employed individual, or corporate borrowers. Here’s a guide on what you need to submit to Maybank:
Employed Applicants
- completely filled-out and signed application form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest income tax return
- compensation certificate, income indicated
Self-Employed Applicants
- completely filled-out and signed application form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest income tax return
- Business Papers (SEC Registration, Articles of Incorporation & By-Laws if Partnership and Corporation; DTI Registration if Single Proprietorship)
- latest 3 months Bank Statements
Corporate Borrowers
- completely filled-out and signed application form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest income tax return
- latest Audited Financial Statements
Aside from the car loan offer, Maybank also has a Super Bike Loan offer which you might like as well.