Check Here the List of Maybank Used Car Loan Requirements 2025 for Application
MAYBANK USED CAR LOAN REQUIREMENTS 2025 – You can check here the qualifications and the documents required in applying for the loan offer.
Having your own vehicle brings a lot of convenience and ease. You can get to your destination at the time you need to and you can also enjoy the privacy when travelling. In having a vehicle, it does not always have to be brand new.
Truth be told that used vehicles come with much lower prices compared to brand new ones. Thus, a lot of people undeniably prefer used or second-hand vehicles. Meanwhile, if you are not ready for a full payment for a used car purchase in cash, there are entities that are ready to finance the acquisition of a second hand vehicle.
In the Philippines, one of the banking entities that offer secondhand vehicle purchase financing is Maybank. It has several loan offers and it even finances the purchase of a brand new vehicle through the Maybank Car Loan.
The car loan offer of the bank for used car purchase financing is open to vehicles that are 10 years old and below. There are varying Maybank Car Loan requirements for application among the employed and self-employed applicants as well as corporate applicants.
Here is a guide on the Maybank Car Loan requirements for used car purchase financing:
Employed Applicants
- duly-accomplished and signed Maybank Car Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest income tax return
- Compensation Certificate, income indicated
- original LTO Registration and LTO Official Receipt of the vehicle for unit inspection and car history verification
- copy of LTO Registration
Self-Employed Applicants
- duly-accomplished and signed Maybank Car Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- original LTO Registration and LTO Official Receipt of the vehicle for unit inspection and car history verification
- copy of LTO Registration
- 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 Applicants
- duly-accomplished and signed Maybank Car Loan Application Form
- 2 valid IDs (borrower and spouse / authorized signatory)
- latest income tax return
- latest Audited Financial Statements
- original LTO Registration and LTO Official Receipt of the vehicle for unit inspection and car history verification
- copy of LTO Registration
The bank also offers a Maybank Home Construction Loan.