Guide on Qualifications for Maybank Cash Loan Offer Application
QUALIFICATIONS MAYBANK CASH LOAN – Here is a guide on who are qualified to apply for the loan offer of Maybank Philippines.
One of the banks that you may turn to for a cash loan offer is Maybank. Under it, the interest rate is as low as 1.3% add-on per month. You can pay for the amount borrowed stretched to as much as three (3) years or 36 monthly installments. You can check on the qualifications and documentary requirements for this loan offer below.
Qualifications for Maybank Cash Loan
There are eligibility requirements or qualifications in applying for Maybank Cash Loan offer. To be eligible to apply for the loan offer, the borrower-applicant must be:
- a Filipino citizen
- at least 23 years old upon the loan application but not more than 65 years old upon the loan maturity
- having a home or business address within the service regions of the bank
If you are employed…
If you are working in a private or public company, you must be employed with your current employer for at least two (2) years already upon the loan application and earning at least P25,000 monthly. Furthermore, the company you are working for must be one of the top 7,000 companies in the country.
If you are self-employed or a professional…
If you are a professional, you must be in the same profession for at least two (2) years already. If you are self-employed, you must be in the same business for at least three (3) years already and the business is operational for at least three (3) years already with at least two (2) years of successful operation
Furthermore, the average monthly income of the business should not fall below P200,000 and the business must be duly-registered with the Department of Trade and Industry (DTI) or the Securities Exchange Commission (SEC).
Requirements for Maybank Cash Loan
With regards to the documentary requirements, the list of documents that are needed in applying for the loan offer vary depending whether the applicant is employed or self-employed. You may visit – Requirements Maybank Cash Loan: List of Documents You Must Submit in Applying.
Apply for Maybank Cash Loan
To apply for the cash loan offer, go to a branch of Maybank where you wish to make your application and submit your requirements. The bank will notify you regarding the status of your loan application. All loan applications are subject to the approval of the bank.
Aside from the cash loan offer, Maybank has several other personal and business loan offers you might be interested to apply for. You may visit – Maybank Personal Loans & Business Loans – Full & Updated List.
