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LISTS: Requirements for Sterling Bank Truck Loan Offer

Guide on the Requirements for Sterling Bank Truck Loan Application

REQUIREMENTS FOR STERLING BANK TRUCK LOAN – Here is a guide on the documents that you must prepare in applying for the Sterling Bank of Asia Truck Loan offer.

Most banks in the Philippines got auto loan offers and some banks have opened their offers not just for the purchase of a four-wheeled car but also a truck.

The Sterling Bank of Asia is one of those banks with the said loan offers. You may apply for a vehicle for personal use or business purposes.

Do you want to expand the services and operation of your business by purchasing or adding a truck? You may do it under the Sterling Bank Truck Loan offer.

Requirements for Sterling Bank Truck Loan

First, you might like to know the qualifications in applying for the Sterling Bank of Asia’s Truck Loan offer. To check if you are qualified to apply for this offer, you may visit – Sterling Bank Truck Loan – Who Are Qualified To Apply For This Loan Offer.

Under the said loan offer, the bank may let you borrow at least P100,000.00. There’s no limit to the maximum loanable amount under it. You may pay for the loan for up to 60 months for a brand new vehicle and up to 48 months for a second-hand truck.

In applying, there are requirements for Sterling Bank Home Loan. There are differences in the documents needed depending on the source of income of the applicant.

Lists of Requirements for Sterling Bank Truck Loan

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.

READ ALSO: STERLING BANK SALARY LOANS – How To Apply & Requirements To Prepare

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