List of Sterling Bank Car Loan Requirements for Application
STERLING BANK CAR LOAN REQUIREMENTS 2025 – If you are a self-employed individual who wants to apply for the Sterling Bank of Asia offer, here are the documents that you need to submit.
In the Philippines, banks are among the trusted entities that you may turn to if you want to achieve your big goals faster and without having to wait for years or decades. Is it buying a house? Achieving your dream car? You just have to find the perfect offer for your needs and you can check an excellent offer below.
You might have come across the Sterling Bank of Asia already. It is one of the reputable banking entities in the country. It has grown its branches to at least 47 branches across the nation, thus, its offers are really accessible to the public.
Aside from the Sterling Bank business loans which have helped countless Filipinos expand their businesses to the next level, the reputable banking entity also has personal loan offers which include the “Ultima”, an auto loan.
The Ultima or also called the Sterling Bank car loan offer can finance the purchase of both brand new and pre-owned vehicles. This offer packed with excellent features that you can check below is open for both employed and self-employed individuals. Even partnerships and corporations may apply for the loan offer.
Truth be told that many self-employed individuals are usually worried that loan opportunities may only be available for the salaried individuals who are on a regular status in their jobs. With Sterling Bank of Asia, self-employed individuals have an access to its auto loan offer.
Under the offer, you may be allowed to borrow at least Php 100,000. You can stretch the payment terms to up to 48 months for pre-owned vehicles and a maximum of 60 months for brand new cars for light monthly installments.
Are you ready to push through with your application for the loan? For self-employed individuals, here is a guide on the Sterling Bank Auto Loan requirements that you should prepare and submit to the bank for the application processing:
Locally 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)
The Sterling Bank of Asia requires collateral documents in applying for the loan offer. Here are the documents that should be part of the Sterling Bank Auto Loan requirements that you must submit in applying for the loan offer:
- 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
With regards to the proof of identity that you should submit to the Sterling Bank of Asia, there is a wide range of options that you may choose from. You may submit any of the following IDs:
- 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 car loan offer, the reputable banking entity also has the Sterling Bank Cash Loan offer.