Guide on the Sterling Bank Truck Loan Qualifications for Application
STERLING BANK TRUCK LOAN – Here is a guide on who are qualified to apply for this loan offer of the Sterling Bank of Asia.
Most banks in the Philippines got auto loan offers. However, most of these loan offers only cover four-wheeled cars. You cannot apply for a loan to purchase a truck under these loan offers.
Meanwhile, there are a few banks that can help you acquire a truck. One of these banks is the Sterling Bank of Asia which made the offer under its auto loans for the public.
Under the Sterling Bank Truck Loan, you may purchase a six-wheeler truck that can help you maximize the services and progress of your business.
The said loan offer is open for locally employed individuals, self-employed individuals, and overseas Filipino workers (OFWs). The offer is under Ultima Auto Loans that features the following:
- flexible loan terms
- easy payment modes
- fast loan processing
There are qualifications that will be observed in applying for the Sterling Bank Truck Loan offer. Here are the eligibility requirements set by the bank:
- Not less than 18 and not more than 65 years old.
- Monthly amortization of the vehicle to be financed should not exceed 30% of the gross monthly income of the borrower.
For Employed Applicants:
- At least 2 years of continuous employment with current employer.
- Employer must be at least operating for 3 yrs.
For Self-Employed Applicants:
- Engaged in the business or profession for at least 3 yrs.
- Business or profession must be profitable at least in the immediately preceding year
- At least operating profitably for at least 2 yrs.
To apply for this truck loan offer, you may visit the nearest branch of the Sterling Bank of Asia for the documents needed.
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.