Guide on Maybank Auto Loan Downpayment – How Much You Must Prepare?
MAYBANK AUTO LOAN DOWNPAYMENT – Here is a guide on how much you must prepare in applying for a loan to Maybank for a second-hand car purchase.
Most people now even the ones who have huge savings in their bank accounts would prefer applying for a loan for big purchases rather than withdrawing all their money to buy something. Under loans, you can have the payment in light monthly installments and use your savings in other fields where it can grow.
In other cases, a loan is the option to get that dream house or dream car the soonest time possible. You can work for it while enjoying its benefits.
Let us take for example getting a car. You can apply for a loan, enjoy the benefits and convenience of getting where you want or you need to be at your chosen time, and just allocate a slice of your monthly income for its payment.
In the Philippines, there are several banks and lending firms that offer auto loans. One of the is Maybank which actually has several auto loan offers.
You may apply for a loan for the purchase of a vehicle or you may also apply for refinancing – obtain a fund using your vehicle as to the collateral. It also has a truck loan offer.
Maybank has opened its loan offers for the purchase of both brand new and second-hand cars. In the case of the latter, should you wish to check if you are qualified to apply for it, you may visit – Maybank Auto Loan for Second-Hand Car – Who Are Qualified to Apply.
With regards to the Maybank Auto Loan downpayment for the purchase of a used car, it is on a percentage basis. You must prepare at least 30% of the vehicle’s price.
For example, if your target car costs P500,000.00, you must prepare at least P150,000.00 for the Maybank Auto Loan downpayment. With regards to the requirements in applying for a loan, you may visit – Requirements for Maybank Auto Loan Offer for Second-Hand Car Purchase (LIST).
