Guide on the Maybank Car Loan Interest Rates Based on Term
MAYBANK CAR LOAN INTEREST RATES – Here is a list of the interest rates implemented under the Maybank Auto Loan depending on term.
There is an undeniable fact that having your own car brings a lot of benefits. You can get to anywhere you want, anytime you want. The good thing now is you don’t have to wait until you can pay for it in full. There are banks that provide cash assistance in purchasing a car and these include Maybank Philippines.
The car loan offered by the said private bank is open to a lot of purposes. Mainly, you may apply for it for the acquisition of brand new or second-hand vehicles. You may also apply for it for the purpose of auto loan refinancing and for purchasing vehicles for business purposes.
With regards to the Maybank Car Loan interest rates, the bank is implementing different sets of rates based on term on brand new vehicles and second-hand vehicles.
On its official website, Maybank has provided the list of the interest rates implemented under the said loan offer. Here is a list of the Maybank Car Loan interest rates based on term:
BRAND NEW
Term: 12 months
- Regular Interest Rate: 5.68%
- One Month Advance: 5.02%
Term: 18 months
- Regular Interest Rate: 8.27%
- One Month Advance: 7.53%
Term: 24 months
- Regular Interest Rate: 11.02%
- One Month Advance: 10.22%
Term: 36 months
- Regular Interest Rate: 16.21%
- One Month Advance: 15.34%
Term: 48 months
- Regular Interest Rate: 22.41%
- One Month Advance: 21.45%
Term: 60 months
- Regular Interest Rate: 29.40%
- One Month Advance: 28.34%
USED CAR
Term: 12 months
- Regular Interest Rate: 13.35%
Term: 18 months
- Regular Interest Rate: 20.10%
Term: 24 months
- Regular Interest Rate: 29.52%
Term: 36 months
- Regular Interest Rate: 42.44%
Term: 48 months
- Regular Interest Rate: 58.82%
According to Maybank, to be eligible for the auto loan offer, the applicant must be:
- at least 25 years old but not more than 60 years old
- having no adverse records
- owning a residence
- permanently employed for at least two(2) years (for employed applicants)
- in business operation for at least three(3) years (for self-employed applicants)
For a guide in applying for the said loan offer, you may visit – MAYBANK AUTO LOAN: Steps on How To Apply & Requirements in Applying.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For