auto loan
ultima auto loans
ultima auto loan
ultima auto loan

Owning a vehicle has become more and more of a necessity. Aside from the freedom and convenience of being able to go places without depending on public transport, having your own car assures you of a level of comfort during your commute.

With the Ultima Auto Loan’s flexible terms, easy payment modes, and fast processing, you can finally buy your first car or get a second or third vehicle for your growing family.

loan amount
Loanable Amount

P100,000.00 and up

loan terms
Loan Terms

12 to 60 mos.(Brand New)
12 to 48 mos. (Second Hand)

post dated check
Payment Options

Post-dated checks
Automatic debit arrangement

truck
Truck Loans

Strengthen your company’s logistics by investing in delivery vehicles with bigger payloads. Our Truck Loans can help you purchase four- to six-wheeler trucks so you can power your business.

harley davison
Harley Davidson Motorcycle Loans

Now, you too can be a certified Harley Owner Group! Get the best financing options on a wide selection of Harley Davidson motorcycle models at Sterling Bank of Asia.

harley davison
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Ready for a new vehicle? Your first month is on us!

Are you looking for great deals on used cars? Sterling Bank of Asia offers second-hand vehicles
available for bidding. Visit our cars for sale page now.

Loan Calculator
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Please note that the computation above is based on the indicative rate. Final loan amount, monthly amortization and applied rate shall be confirmed in your loan documents upon approval of your loan application. Final loan approval shall be subject to the submission of required documents and the Bank's credit policies and procedures.
eligibility
eligibility
Eligibility

Not less than 18 and not more than 65 years old.

Monthly amortization of the vehicle to be financed should not exceed 30% of the gross monthly income of the borrower.

For Employed:

At least 2 years of continuous employment with current employer.

Employer must be at least operating for 3 yrs.

 

For Self-employed:

Engaged in the business or profession for at least 3 yrs.

Business or profession must be profitable at least in the immediately preceding year

For Corporate:

At least operating profitably for at least 2 yrs.

Requirements (Individual)
  • Completely filled-out Auto Loan Application Form
  • At least 2 government-issued IDs (applicant & spouse)
  • Original Contract of Employment (COE) with salary, position, and length of service
  • 1 month pay slip
  • Income Tax Return
  • Completely filled-out Auto Loan Application Form
  • At least 2 government-issued IDs (applicant & spouse)
  • Bank Statements (last 3 months)
  • Trade References (3 suppliers & 3 customers)
  • Certificate of Registration of Business Name (for proprietor)
  • Completely filled-out Auto Loan Application Form
  • At least 2 government-issued IDs (applicant & spouse)
  • Latest COE from the manning agency with salary & position
  • Proof of Remittance, Allotment Papers with Beneficiary Data, or any qualified equivalent (if applicable): Remittance Receipt or Slip, Bank Passbook, Bank Statement
  • Bank Statements (last 3 months)
  • Trade References (3 suppliers & 3 customers)
  • Certificate of Registration of Business Name (for proprietor)
  • Original OR/CR (under the borrower’s/ applicant’s name)
  • Other Requirements For Brand New & 2nd Hand Vehicles (if applicable)
  • Notarized Deed of Sale
  • PNP Clearance with Macro Etching
  • 3 Sets of LTO Stencils
Requirements (Corporate/Partnership)
  • Completely filled-out Auto Loan Application Form
  • At least 2 government-issued IDs (applicant & spouse)
  • Income Tax Return and Audited Financial Statements for the last 3 years
  • Bank Statements for the last 3 years
  • Secretary's Certificate
  • SEC Certificate of Registration
  • Articles of Incorporation or Partnership
  • By-Laws (for corporation)
  • Notarized Board Resolution / Partnership Resolution
  • General Information Sheet
  • List of Partners (for partnership)
  • Original OR/CR (under the borrower’s/ applicant’s name)
  • Notarized Deed of Sale
  • PNP Clearance with Macro Etching
  • 3 Sets of LTO Stencils
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