List of Sterling Bank Car Loan Requirements for Application
STERLING BANK CAR LOAN REQUIREMENTS 2025 – If you are an employed individual who wants to apply for the Sterling Bank of Asia offer, here are the documents that you need to submit.
Truly, many people share the dream of driving their own car. Although before, having a car means luxury, now, it is more of a necessity. Having your own vehicle amid a hectic life can make a lot of things more convenient — it can help you manage your time and make the most of it as you can plan your schedule based on your travel time. Are you excited to have your own car soon?
However, another truth is that a car purchase requires a huge amount of money. Thus, for many people, it took them several years to save for the amount needed to buy their dream car. Meanwhile, with the presence of loan providers now, your dream car is really within the reach.
In the Philippines, one of the reputable banks that offer a car loan is the Sterling Bank of Asia. While the bank offers several Sterling Bank business loans, it also has personal loans to which the “Ultima” auto loan offer belongs. The loan offer is open for both salaried and non-salaried individuals as well as partnerships and corporations. You can check the Sterling Bank Car Loan requirements for application below.
Before checking on the Sterling Bank Car Loan requirements for application, it is important to know that the reputable bank can lend you at least Php 100,000. You may repay the borrowed amount for up to 60 months or five (5) years.
Are you a salaried individual? There are varying Sterling Bank Car Loan requirements among the locally-employed individuals as well as those who are working abroad. Here are the Sterling Bank Car Loan requirements among the salaried individuals:
Locally-Employed
- duly-accomplished and signed Sterling Bank Auto Loan Application Form
- At least 2 government-issued IDs
- Original Contract of Employment (COE) with salary, position, and length of service
- 1 month pay slip
- Income Tax Return
Overseas Filipino Worker (OFW)
- duly-accomplished and signed Sterling Bank Auto Loan Application Form
- At least 2 government-issued IDs
- Latest COE from the manning agency with salary & position
- Proof of Remittance, Allotment Papers with Beneficiary Data, or any qualified equivalent (if applicable): Remittance Receipt or Slip, Bank Passbook, Bank Statement
The Sterling Bank Car Loan requirements also include collateral documents or those documents pertaining to the property if the vehicle to be purchased is a second-hand car. You can check here the collateral requirements:
- 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
Valid identification documents are required in applying for the loan offer of the Sterling Bank of Asia. They will be used as a proof of identity. Here’s a guide on the IDs that you may present in applying for the loan offer:
- 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)
Aside from the “Ultima” auto loan offer of the bank, the reputable loan provider also has the Sterling Bank Cash Loan offer.