Guide on the SB Finance Car Loan Offer Loanable Amounts
SB FINANCE CAR LOAN – Here the minimum and maximum loanable amounts under the Car4Cash offer of the SB Finance.
Are you looking for an entity where you can apply for a loan using your vehicle as the collateral? You may turn to SB Finance, its is one of the most trusted online lenders in the Philippines and its offer got unique features.
The SB Finance actually has several loan offers including the SB Finance MotorsikLOAN. Its Car4Cash offer is open for vehicles for up to 12 years. Under the said loan offer, the lender will only get the Official Receipt (OR) and the Certificate of Registration (CR) of your vehicle but the car stays with you.
Under the SB Finance Car Loan offer, you may repay the loan for up to 36 months. Here are the minimum and the maximum loanable amounts under the offer:
- Minimum Loanable Amount — PhP100,000
- Maximum Loanable Amount — PhP2 Million
The Car4Cash loan offer is open for both employed and self-employed borrowers. For employed applicants, here is the eligibility criteria to qualify for the online loan application offer:
- at least 21 years old at the time of application but not more than 65 years old upon loan maturity
- a Filipino Citizen
- has an office or residence landline
- stable income
- For Metro Manila: PhP15,000
- For outside Metro Manila: PhP12,000
If you are self-employed, the set of qualifications in applying for the loan offer is different compared to the list crafted for the employed individuals. To qualify, you must meet the following eligibility requirements:
- at least 21 years old at the time of application but not more than 65 years old upon loan maturity
- a Filipino Citizen
- has an office or residence landline
- owner or a majority owner with at least 40% stake
- business has been operating profitably for at least 2 years
- at least 1 trade reference
- minimum gross monthly income of PhP60,000
For the online application process, you need to prepare scanned copies of the requirements for SB Finance Car Loan application. You may apply for the SB Finance loan offer through the Zuki app which you can download from Google Play for Android users and Play Store for iPhone users.