Maybank can help you maximize your assets.
Whenever you need to raise funds for your personal or business needs, our Refinancing product allows you to use your existing vehicle as collateral, even if it’s almost 10 years old.
With a maximum loanable amount of 60% of your vehicle’s appraised value, and a loan term of up to 24 months, finding extra funds has never been easier – just look in your garage!
It just takes 3 days to process, so apply today!
If you say yes to the following then you are:
- No adverse records
- Business in operation for at least 3 years
You will need to furnish us with the following documents:
- Completely filled-out and signed application form
- 2 valid IDs (borrower and spouse / authorized signatory)
- Latest income tax return
- Compensation certificate, income indicated (if employed)
- Business Papers (SEC Registration, Articles of Incorporation & By-Laws if Partnership and Corporation; DTI Registration if Single Proprietorship)
- Latest 3 months Bank Statements (if self-employed)
- Latest Audited Financial Statements (for Corporate Borrowers)
- Copy of LTO Registration, Original LTO Registration and LTO Official Receipt of the vehicle for unit inspection and car history verification
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