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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). Utility bill should not be more than 3 months old.
- Salaried Individuals: Letter of employment not more than 3 months old 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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