Guide on Maybank Auto Loan Offers

MAYBANK AUTO LOAN – Maybank Philippines is ready to help you in financing several vehicle-related purposes with its Auto Loans.

Are you looking for a reputable bank that has multiple loan offers? One of the trusted entities that you may turn to is Maybank. It is in the service of the Filipino people for decades already.

Maybank has several finance products and services including loans. Among its loan offers are the Auto Loans which serve several different purposes. You may apply for the loan for the purpose of financing any of the following:

• purchase of brand new car

• acquisition of secondhand or pre-owned car

• Auto Loan refinancing

• purchase of brand new, reconditioned or surplus trucks

Maybank wants to make vehicle owning easier for qualified individuals. It boasts its loan offers with competetive interest rates, high loanable amounts, and flexible loan terms. Also, the bank takes pride in its fast and easy application process.

Under the Maybank Auto Loan offers, the loanable amounts vary depending on the purpose of applying for the loan. The bank has not mentioned the maximum borrowing amounts allowed for the purchase of brand new and pre-owned vehicles but with regards to the truck acquisition, it can finance up to 70% of the appraised value of the vehicle.

With regards to the refinancing offer of the bank wherein you may apply for the loan to obtain funds using the value of your vehicle, the maximum loanable amount is up to 60% of the appraised value of the vehicle.

How about the downpayment? Just like the loanable amounts, the downpayment may vary depending on the purpose of the loan application.

• Purchase of Brand New Car — at least 20% of the selling price of the vehicle
• Acquisition of Pre-Owned Vehicle — at least 30% of the selling price of the unit

With regards to the loan term, the maximum loan term also varies depending on the purpose of the Maybank Auto Loan application process. Here’s a guide:

• Purchase of Brand New Car — up to 60 monthly installments
• Acquisition of Pre-Owned Car — up to 48 monthly installments
• Refinancing — up to 24 monthly installments
• Purchase of Truck — up to 36 monthly installments

In applying for the loan offer, there are eligibility requirements that the loan applicant must meet as well as documents that must be submitted in applying for the loan offers.

Aside from Maybank, another reputable entity with an auto loan offer is the Sterling Bank of Asia.