Guide on Sterling Bank Auto Loan Qualifications in Applying
STERLING BANK AUTO LOAN – Here is a guide on who are qualified to apply for this Sterling Bank of Asia loan offer.
Aside from buying a house, another worthy big purchase you can make is getting a vehicle. The COVID-19 pandemic has undeniably stressed the benefits of having your own car more amid commuting becoming more challenging now.
Aside from it, even on normal days, having your own car brings a lot of comfort and convenience. You can get to your destination straight and on time. Also, it is an excellent emergency preparation to have at least one vehicle in the household.
A lot of people wanted to purchase a car but it requires a huge amount of money. Meanwhile, there are a lot of options that you can turn to for monthly installments – like a car loan.
Several banks in the Philippines got car loan offers. One of the offers is the Sterling Bank Auto Loan that is open to fund the purchase of both a brand new and a second hand vehicle.
Who are qualified to apply for the Sterling Bank Auto Loan offer? To be eligible for application, the applicant must be:
- at least 18 years old but not older than 65 years old
- having a loan amortization (of the financed vehicle) that does not exceed 30% of the gross monthly income
If employed, the applicant be working in the present company or employer for at least two (2) years already and the company or employer must be operation for at least three (3) years already.
If the applicant is self-employed, he or she must be engaged in the profession or business for at least three (3) years already and the business or profession is profitable for at least in the preceding year. For corporate applications, the company must be operating for at least two (2) years by the time of the application.
Are you interested to apply for it? You may visit – Requirements for Sterling Bank Auto Loan Offer Based on Source of Income.
Thank you for visiting our website. We hope we have helped you with regards to this Sterling Bank offer. You may keep coming back for more informative guides.
READ ALSO: STERLING BANK SALARY LOANS – How To Apply & Requirements To Prepare