Wednesday, February 8, 2023

MAYBANK CAR LOAN – How Much You Can Borrow Under the Auto Loan Offer

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Guide on How Much You Can Borrow Under the Maybank Car Loan Offer

MAYBANK CAR LOAN – Here is a guide on how much you can borrow under the auto loan offer of Maybank which can assist you in getting the vehicle you dream about.

A lot of us dream of having a car of our own but only a few are determined enough to find ways to achieve that dream. Actually, although you cannot pay for a vehicle purchase in full now, you can achieve your dream car. It is because several bank got auto loan offers that can assist you with it.

One of the banks that have auto loan offers is Maybank. It is open for the purchase of both brand new and pre-owned cars. It can also assist you in refinancing your vehicle purchase or in purchasing a truck not only for your personal needs but even for your business operations.

Maybank Car Loan

Maybank has set a short list of eligibility qualifications for the aspiring borrowers. The applicant must be:

  • at least 25 years old but not more than 60 years old
  • having no adverse records
  • owning a house
  • employed or self-employed
    • For employed applicants, you must be working for at least two(2) years in your current company.
    • For self-employed applicants, your business must be operational for at least three(3) years now.

With regards to the loanable amounts under the Maybank Car Loan offer, Loan Solutions cited that it will not fall below Php 100,000.00.

  • Minimum Loanable Amount – Php 100,000.00
  • Maximum Loanable Amount – Subject to the approval of the bank

Based on the article, the down payment that applicants must prepare will depend on the car to be purchased under the Maybank Car Loan. For brand new vehicles, it may be 20% of the selling price and 30% for the pre-owned cars. For trucks, 40% of the appraisal value may be asked for down payment.

Are you planning to apply for the said loan offer of Maybank? For a guide on the application process and the requirements that you need to prepare, you may visit – MAYBANK AUTO LOAN: Steps on How To Apply & Requirements in Applying.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: Maybank Personal Loans & Business Loans – Full & Updated List

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