Unsecured/ Auto Loan Application Checklist

Documents required for any loan application

  • One (1) valid unexpired national photo identification
  • One (1) valid proof of address (deed, recent utility bill, tax assessment or financial institution/bank statement)
  • Salaried Individuals: Letter of employment and pay slip(s) showing the most recent full monthly income
  • Commissioned Income: Letter of employment and last 6 months' pay slips
  • Self Employed Individuals:
            - Business registration / License, and most recent Annual Return (as applicable), and
            - Income documents, e.g., Income Tax Returns (last 2 years) or Audited Financial Statements (last 2 years), and six (6) months bank statements
  • Proof of assets in the name of the Borrower: Statements showing investments or bank statements, copy of land title or motor vehicle title, pension statements, last valuation of property (as applicable)
  • Proof of liabilities in the name of the Borrower: Credit Card, Loan or Mortgage statement (as needed)

Additional documents needed to apply for an Auto Loan

  • Document from the Board of Inland Revenue showing customer’s BIR Number, or a letter from the BIR indicating there is no BIR number and no tax assessment for customer (e.g. for housewives, etc.)
  • Source of down payment – account statement, letter signed by donor and borrower (if a gift)
  • For new or dealer purchase – Sales Invoice
  • For pre-owned/used - Copy of Title, Agreement of Sale or Agreement of Purchase
  • For Roll On Roll Off vehicles – De-registration Certificate
  • Transferred motor vehicle registration, receipt from office with evidence of transfer
  • Any other document(s) to support loan purpose

Other requirements

  • Comprehensive Insurance Policy assigned in favour of the Bank
  • Evidence of application processing fees, fees for valuation and title search (held in account)

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