Guide on Maybank Truck Loan Offer Features & Application
MAYBANK TRUCK LOAN 2025 – You can check here the details for the offer that can greatly boost your business operation to the next level.
A lot of businesses require trucks so it can fully-operate and accept bigger projects or product sales. However, truth be told that not all firms and companies are ready to finance the purchase of these much-needed vehicles. This is true most especially in the case of businesses that are just starting.
Meanwhile, nowadays, there are already entities that you can turn to for vehicle purchase financing not only for personal use but as well as for business use. One of them is Maybank which is trusted by millions of Filipinos across the nation and abroad.
While the reputable bank can finance your vehicle purchase for personal use through the Maybank Car Loan offer, it can also finance the vehicle purchase for a truck that can be used for your business through the Maybank Truck Loan offer.
The Maybank Truck Loan offer is open to finance from 4-wheelers to 10-wheelers whether the vehicle is brand new or a pre-owned or surplus. According to the bank, it can finance up to 70% of the appraised value of the truck that the borrower wants to purchase.
With regards to the loan term, the loan is payable for up to 36 months or three (3) years. The processing of the loan application may take as fast as three (3) working days. The loan offer is open for individuals and corporate applicants with no adverse records and the business must be in operation for at least two (2) years already at the time of the loan application.
What are the requirements for application? In applying for the Maybank Truck Loan offer, the documents required by the bank depends if you are employed or self-employed, or you are applying as a partnership, a single proprietor, or a corporate. Here’s a guide:
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.