Guide on SB Finance Motorcycle Loan — How Much You May Borrow
SB FINANCE MOTORCYCLE LOAN – Here are the minimum and maximum loanable amounts under the SB Finance MotorsikLOAN offer.
Nowadays, a lot of people prefer getting a motorcycle to conserve from the fuel expenses. Truth be told that the prices of gasoline and diesel now are very far from before. The economic move is aside from the fact that a lot of individuals are really motorcycle enthusiast.
Now, loan offers are not only limited to getting a car or a four-wheeled vehicle. You may apply for a motorcycle loan to certain entities. Most of these entities require personal applications except for a few like SB Finance which has several offers including the SB Finance cash loan offer.
SB Finance, a partnership of the Security Bank and Krungsri, has several loan offers including the SB Finance Motorcycle Loan that is open to finance the purchase of a brand new or pre-owned vehicle.
What makes SB Finance’s offer unique is that you may apply for it without going absent from work. The application process will be done all digital. It can help you get your target regular, medium-range, or high-end motorcycle that you have longed to have.
The online lender has several partner companies including Moto X Press, EMCOR, Nirinsha Corp., Motorcycle City, and Blip. It si also a partner of MotoKing, Bikeworld, KServico, and MotoAccess.
Under the SB Finance Motorcycle Loan offer, the loanable amount is up to P2 million. You may repay the loan in 12, 18, 24, 30, or 36 for regular and medium motorcycles and 48 months for high-end motorcycles.
Prepare the requirements in jpeg or PDF format to ready it for the application process. Here are the documents that you must submit:
Employed Applicants:
- Photocopy of one (1) valid ID issued by the government and bearing your photo
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income (any of the following)
- One (1) month latest payslip
- Bank statement (last three (3) months) or passbook
- Certificate of Employment (COE)
Self-Employed Applicants:
- Photocopy of one (1) valid government-issued photo-bearing ID
- For non-Filipino citizens: Alien Certificate of Registration
- Proof of income:
- If business is registered, prepare…
- Latest one (1) year Financial Statements (unaudited or audited), OR
- Latest three (3) months bank statements or passbook
- SEC / DTI Certificate of Registration, OR
- Business Permit / Mayor’s Permit, AND
- Latest GIS (if corporation)
- If non-registered business, prepare…
- Latest three (3) months bank statements
- Other documents as proof of income at least 1 month e.g. sales invoice, trade receipts, e-wallet transaction history
- Barangay Business Permit
- If business is registered, prepare…
Overseas Filipino Workers (OFWs)
- Photocopy of one (1) valid government-issued photo-bearing ID
- Proof of income (any of the following)
- 1 month latest allotment or remittance slips
- Bank statement (last 3 months) or passbook
- Certificate of employment from foreign employer
- Employment contract (OFW)
Jeepney or Tricyle Driver, Owner or Operator
- OR/CR of the vehicle under the borrower’s name,
- Deed of Sale in favor of the applicant
- Proof of vehicle operation
- Copy of Franchise
- Association membership Certification
- Tricycle / Jeepney Operators and Drivers Association ID
Agricultural Land Owner
- Barangay Certification or BARC (Barangay Agrarian Reform and Council) Certification or;
- Copy of the Land Title
- Trading Documents / Irrigation Receipts
The application to the SB Finance loan offer can be done through the Zuki app. You may download the app for free from Google Play for Android users and the App Store for Apple users.
