Guide on Requirements for Sterling Bank Auto Loan Offer for Application
REQUIREMENTS FOR STERLING BANK AUTO LOAN – Here is a guide on the documents needed in applying for Sterling Bank of Asia Auto Loan offer.
One of the big purchases that is really beneficial is a car. However, truths be told that it requires a huge amount of money that is why not everyone is ready for it.
Meanwhile, nowadays, there are already several options that can help you get your car without paying for a one-time full payment. Among these are the loan offers.
There are several car loan offers from the different banks in the Philippines that you can choose from. One of these is the Sterling Bank Auto Loan.
Like in other loans, there are documents that you need to submit in applying for an auto loan to the Sterling Bank of Asia. The requirements for Sterling Bank Auto Loan offer is based on the source of income of the applicant.
Application Requirements for Sterling Bank Auto Loan Offer
If employed locally:
- Completely filled-out Auto Loan Application Form
- At least 2 government-issued IDs (applicant & spouse)
- Original Contract of Employment (COE) with salary, position, and length of service
- 1 month pay slip
- Income Tax Return
If employed overseas:
- Completely filled-out Auto Loan Application Form
- At least 2 government-issued IDs (applicant & spouse)
- 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
If self-employed or sole proprietor
- Completely filled-out Auto Loan Application Form
- At least 2 government-issued IDs (applicant & spouse)
- Bank Statements (last 3 months)
- Trade References (3 suppliers & 3 customers)
- Certificate of Registration of Business Name (for proprietor)
If corporate or partnership
- Completely filled-out Auto Loan Application Form
- At least 2 government-issued IDs (applicant & spouse)
- Income Tax Return and Audited Financial Statements for the last 3 years
- Bank Statements for the last 3 years
- Secretary’s Certificate
- SEC Certificate of Registration
- Articles of Incorporation or Partnership
- By-Laws (for corporation)
- Notarized Board Resolution / Partnership Resolution
- General Information Sheet
- List of Partners (for partnership)
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.
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