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Maybank auto loan for february 2024

Maybank
Get an auto loan at Maybank. On 22.02.2024 there are 4 options are available to you. Increase your chances of getting a loan - fill out an online application with a free credit rating check.
Offers: 4
Updated:
14.10.2022
09:15
Maybank
Truck Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 70% of the truck’s appraised value
Term
i

Loan term for the financial product

up to 36 months
Maybank
Used Cars
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 70% of the purchase price
Term
i

Loan term for the financial product

up to 48 months
Maybank
Brand New Cars
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 80% of the purchase price
Term
i

Loan term for the financial product

up to 60 months
Submit your loan application online
Submit your loan application online

Take advantage of our auto loan selection system with a free credit check!

Maybank
Auto Loan Refinancing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 60% of the vehicle’s appraised value
Term
i

Loan term for the financial product

up to 24 months
Maybank auto loan calculator
The best auto loan calculator
Auto loan amount
i

Specify the desired loan amount

PHP
PHP
50000 ₱
5000000 ₱
Auto loan amount
i

Auto loan amount

PHP
PHP
50000 ₱
5000000 ₱
Down payment
i

Specify the percentage of the down payment

%
0
90
Your loan amount
Loan term
i

Specify the loan term for the calculation

months
days
3
120
Annual interest rate
i

Choose the interest rate on the loan

1 %
50 %
Type of payments
i

Specify the type of payment for calculating

Auto loan application
Auto loan amount
i

Specify the desired loan amount

50000 ₱
5000000 ₱
Auto loan term
i

Specify the loan term for the calculation

1
120
Auto loan applicationAuto loan applicationAuto loan applicationAuto loan applicationAuto loan application
Your data is securely protectd
Loan amount
0 ₱
Loan term
0 month
Loan comission
19 497
More
Savii
1
No comment yet coz im not yet approved in my application
Review
DIGIDO
5
very fast
Review
Kviku
4
Please address my concerns regarding my loan application and its processing...
Review
Kviku
1.6
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
Review
Kviku
1.4
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
Review
Kviku
1.8
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
Review
Maybank auto loan for february 2024

Maybank auto loans will help you buy a truck or a new or used car. If you need money for personal or commercial reasons, you can use your car as collateral.

Types of Maybank auto loans

Car loans

The Maybank auto loan allows you to buy a new car with a 20% down payment and a maximum loan duration of up to 60 months. When purchasing a new automobile on a tight budget or to avoid number coding, an auto loan comes in handy. Number coding is a Metro Manila Development Authority (MMDA) scheme. It limits all utility vehicles from driving on public highways depending on the final number of the vehicle's license plate. Maybank PH lets you access the auto loan on used cars at a 30% down payment at a repayable period of 48 months.

Truck loan

Maybank will assist you with financing to acquire a 4-wheeler to a 10-wheeler, whether new, used, or surplus. The truck loan offers you 70% of the appraised value of your truck, repayable over 36 months. The bank will then process your loan in three days.

Auto loan refinancing

Maybank’s auto loan refinancing is available when you want funds for your business or personal requirements. For this loan, your car acts as collateral, even if it is nearly 10 years old. The highest loanable amount you can qualify for is 60% of the appraised value of your car, repayable over 24 months.

How to apply for a Maybank auto loan?

To apply for a Maybank auto loan, follow these steps:

  1. Visit the bank's website.

  2. Click Drive your dream car with the 1-day auto loan approval.

  3. Click on Which car loan you need: used, new, truck, or auto loan refinancing.

  4. Scroll down until you find Sounds Good! I'd Like to Apply Now!and click on it.

  5. Click Proceed.

  6. Enter your car details and click Calculate to check how much you will pay.

  7. Fill in your full name, date, place of birth, and civil status, whether single, married, widowed, or separated.

  8. Enter your home address, residential status, contact number, primarily your home's and mobile, local address, as well as an email address.

  9. Then, answer all the questions as prompted and click Apply.

  10. Maybank will take three days to approve your auto loan application.

Requirements for Maybank auto loans

General requirements

  • Two valid IDs, including your spouse's or any other authorized signatory.
  • Latest income tax return.
  • Compensation certificate with income indicated if employed.
  • SEC registration, by-laws, and articles of incorporation for corporations and partnerships; DTI registration for sole proprietorships.
  • Provide the latest three months' bank statements if self-employed and the 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

    Eligible applicants for an auto loan

    • Between 25 and 60 years old, with no adverse records.
    • An owner of a residence.
    • Permanently employed for at least two years or own a business in operation for at least three years.

    Eligible applicants for truck loan and auto loan refinancing

    • Your business must be in operation for over three years.
    • Your business should not have any adverse records.

    Pros and cons of Maybank auto loans

    Check out these honest pros and cons before applying for a DBP CRUISE loan.

    Pros

    • You can access funding to buy a new, second-hand car, or a truck for your business.
    • Your loan approval time is just 24 hours.

    Cons

    • You risk losing your car if you default on payment.

    How to repay a Maybank auto loan?

    There are various channels to repay your auto loan. You can repay at any branch, Online Banking, or Maybank2u PH mobile app. You can also log in to your BancNet Online account and follow the instructions for making a payment. Other channels include GCash and at any UCPB branch over the counter.

    FAQ

    What are the requirements for a Maybank auto loan?

    To qualify for a Maybank auto loan, you need the following requirements:      

    • Between 25 and 60 years old, with no adverse records.
    • An owner of a residence.
    • Permanently employed for at least two years or own a business in operation for at least three years.
    • Your business must be in operation for over three years and not have any adverse records for Truck loans and Auto Loan Refinancing.
    • Submit two valid IDs, including your spouse's or any other authorized signatory.      

    What happens if I do not pay back my Maybank auto loan?

    If you fail to pay your Maybank vehicle loan, you may be held liable for the whole amount outstanding. The bank might seize and sell your automobile to repay the debt. You will also be responsible for the loan's due balance, as well as any fees and other charges related to repossession.     

    Is it reasonable to repay the Maybank auto loan early?

    Yes. If you can afford it, pay off your Maybank auto loan early so that you do not have to pay any further interest on top of what you have already spent.