Guide on Maybank Auto Loan Refinancing 2025 Offer
MAYBANK AUTO LOAN REFINANCING 2025 – Here is a guide on the features of the car loan offer and how to apply for it.
Nowadays, cars do not only provide the convenience and the comfort when traveling. A car of your own can also be an excellent preparation for emergency situations as well as an asset in achieving other life goals.
If there is at least one (1) vehicle in the house, you can leave anytime whenever there is an emergency — most especially medical emergencies. Aside from it, there is a way that your vehicle can help you achieve your other goals in life. You can have access to funds using your car as the collateral.
In the Philippines, one of the banks with the said offer is Maybank. You may turn to Maybank Auto Loan Refinancing offer to maximize your asset. It accepts even vehicles that are almost 10 years old.
How much is loanable under the Maybank Auto Loan Refinancing offer? According to the bank, you can get up to 60% of your vehicle’s appraised value. The loan is payable for up to 24 months or two (2) years. The loan application processing may take as fast as three (3) working days only.
Who are qualified to apply for the Maybank Auto Loan Refinancing offer? It is open for individuals who have no adverse records. In the case of self-employed applicants, the business must be in operation for at least two (2) years already to qualify for the loan offer.
For Employed Applicants:
- duly-accomplished and signed Maybank Auto Loan Refinancing Application Form
- 2 valid IDs
- borrower
- spouse/authorized signatory
- latest Income Tax Return
- Compensation Certificate, income indicated
For Self-Employed Applicants:
- duly-accomplished and signed Maybank Auto Loan Refinancing Application Form
- 2 valid IDs
- borrower
- spouse/authorized signatory
- latest Income Tax Return
- latest 3 months Bank Statements
For Partnerships:
- duly-accomplished and signed Maybank Auto Loan Refinancing Application Form
- 2 valid IDs
- borrower
- spouse/authorized signatory
- latest Income Tax Return
- SEC Registration
- Articles of Incorporation & By-Laws if Partnership and Corporation
For Single Proprietorships:
- duly-accomplished and signed Maybank Auto Loan Refinancing Application Form
- 2 valid IDs
- borrower
- spouse/authorized signatory
- latest Income Tax Return
- DTI Registration
For Corporate Applicants:
- duly-accomplished and signed Maybank Auto Loan Refinancing Application Form
- 2 valid IDs
- borrower
- spouse/authorized signatory
- latest Income Tax Return
- latest Audited Financial Statements
Aside from the above-mentioned Maybank Auto Loan Refinancing requirements for application, the bank also requires collateral documents or those documents that pertain to the vehicle to that will be refinanced:
- copy of LTO Registration
- original LTO Registration
- LTO Official Receipt of the vehicle for unit inspection and car history verification
Aside from the car loan refinancing offer, the reputable banking entity also offers the Maybank Cash Loan.