Guide on Sterling Bank Auto Loan Requirements Self-Employed Individuals Must Submit To Apply
STERLING BANK AUTO LOAN REQUIREMENTS – For the self-employed individuals who want to apply for the loan offer, here are the documents required by the Sterling Bank of Asia.
Nowadays, there is no need for you to wait for years or even decades before you can finally purchase your dream car. Even if it is a second hand car, there are entities that can help you out to pave the way for light monthly installments.
One of the banking entities with an Auto Loan offer is the Sterling Bank of Asia. It has several loan offers including the Sterling Bank Personal Cash Loan offer which is multi-purppose. In the case of its loan offer that can finance a car purchase, it can finance the acquisition of not only brand new and pre-owned cars but as well as trucks and Harley Davidson motorcycles.
Are you a self-employed individual who is interested to apply for the loan offer? The minimum loanable amount is Php 100,000 and the maximum loan term is 48 months for second-hand cars and 60 months for brand new vehicles.
To apply for the offer, there are Sterling Bank Auto Loan requirements that you need to prepare. The lists of documents required by the bank vary depending if you are operating a business in the country or abroad.
Self-Employed
- duly-accomplished and signed Sterling Bank Auto Loan Application Form
- At least 2 government-issued IDs
- Bank Statements (last 3 months)
- Trade References (3 suppliers & 3 customers)
- Certificate of Registration of Business Name (for proprietor)
Self-Employed Abroad
- duly-accomplished and signed Sterling Bank Auto Loan Application Form
- Bank Statements (last 3 months)
- Trade References (3 suppliers & 3 customers)
- Certificate of Registration of Business Name (for proprietor)
If you want to apply for the financing of a secondhand car purchase, there are additional collateral documents that you need to submit to the bank. Here are the other Sterling Bank Auto Loan requirements for application:
- Original OR/CR (under the borrower’s/ applicant’s name)
- Other Requirements For Brand New & 2nd Hand Vehicles (if applicable)
- Notarized Deed of Sale
- PNP Clearance with Macro Etching
- 3 Sets of LTO Stencils
There is a long list of options when it comes to the identification documents or cards accepted by the Sterling Bank of Asia under the offer. Here are the valid IDs accepted by the bank:
- Passport (Philippine Passport for Filipino applicants or any passport that proves identity)
- Driver’s License
- Professional Regulation Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Postal ID
- Voter’s ID
- Taxpayer Identification Number (TIN) ID
- Barangay Certification
- Government Service Insurance System (GSIS) e-Card/Unified Multi-Purpose ID (UMID)
- Social Security System (SSS) ID
- Senior Citizen ID Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Alien Certification of Registration/Immigrant Certificate of Registration/Special Investor’s
Resident Visa (SIRV)/Special Resident Retiree’s Visa (SRRV) - Government Office and GOCC ID
- ID issued by National Council on Disability Affairs (NCDA)
- Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines (IBP) ID
- Company IDs
- School ID signed by the principal or head of the institution (For Filipino Students only)
- PhilHealth Health Insurance Card ng Bayan
- Birth Certificate issued by the Philippine Statistics Authority (PSA)
- Philippine Identification (PhilSys ID/Philippine ID (PhilID)/National ID)
- Philippine Identification System (PhilSys) Digital ID and Printed e-Philippine Identification (ePhilID)