Guide on Maybank Car Loan Requirements 2026 for Application
MAYBANK CAR LOAN REQUIREMENTS 2026 – To apply for the financing of a brand new vehicle purchase, here are the documents required by the bank.
Are you excited to be driving your own car soon? You don’t have to wait for several years, there are now trusted entities that can help you achieve the car of your dreams fast. One of them is Maybank Philippines which is in the service of the Filipino people for decades now.
Not everyone is ready for a cash payment of a car purchase. This is where the main advantage of car loan offers sets in. With regards to the offer of Maybank, it is ready to finance a vehicle purchase regardless if the unit is brand new or pre-owned.
Meanwhile, in this article, let us focus on the financing of a brand new car purchase. If it may help, a car loan is not that bad as a lot of individuals who even have huge savings in their bank accounts consider car loans instead of buying cars in cash. Instead, they use their money in areas where it has a chance of growing like business investments.
Maybank which is operational in the Philippines since 1997 actually has several consumer finance products. It got different types of bank accounts, loans, credit cards, and investment products among others.
Aside from the Maybank Business Loan offer, the bank has the Car Loan that is ready to finance a brand new vehicle purchase with a downpayment of as low as at least 20% of the selling price of your target car.
In applying for the offer, there are both Maybank car loan requirements that you need to prepare for submission to the bank as well as qualifications that you need to comply with to be eligible to apply for the loan offer. The best move is to check the latter first.
The Maybank Car Loan offer is open for both employed and self-employed individuals. To qualify for the loan, here are the eligibility requirements that the loan applicant should meet:
- 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
The Maybank Car Loan requirements vary depending if you are an employed or self-employed individual or you are applying as corporate borrowers. Here’s a guide on the documents that the bank requires for the loan application:
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
Do you also want to check out the Maybank Cash Loan offer which is multi-purpose?