Car Loan

Buying a car has never been easier! Apply for a car loan that suits your lifestyle with flexible payment terms and fast approval. It also comes with FREE 1 year car insurance.*

You can use our car loan for the:

• Purchase of a brand new or second hand car for personal use
• Reimbursement of a brand new vehicle
• Refinancing of a second hand car/loan take-out
• Purchase of a brand new car for business use such as:
  • Car Rental Services
  • Transport Services (e.g. Taxi, Grab, UV Express, School Service, Company Use / Employee Service)
  • Cargo (e.g. Trucks)

*Only applies to brand new and personal use cars only

Is our Car Loan not quite what you’re looking for? Take a look at our Truck Loan or Auto Fleet Financing Facility perfect for growing businesses.

Still looking at cars? Use our new Car Comparison tool to compare the prices and features of popular car brands like Toyota, Honda, Hyundai and Mistubishi.

*from receipt of complete application form and requirements
**For second hand, the age of vehicle + loan tenor should not exceed 11 years

Brand New Auto Loan Rates

Application Forms: Auto Loan Application Individual and Sole Proprietor

A. BASIC REQUIREMENTS:

• Duly accomplished and signed Auto Loan Application Form
• Valid Government-issued ID (with signature and photo) of borrower/spouse/co-borrower/co-maker/signatories ofthe loan
• Latest Proof of Billing under borrower’s name

B. REQUIREMENTS FOR LOCALLY EMPLOYED:

• Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR), Or Pay Slips for at least 3 months
• Latest Certificate of Employment with Compensation

C. REQUIREMENTS FOR EMPLOYED ABROAD:

• Latest Crew Contract (for seafarer/seaman); Latest Employment Contract duly authenticated by Phil. Consulate (for OFWs)
• Proof of Remittance (allotment slips) for at least 3 months

D. REQUIREMENTS FOR SELF-EMPLOYED/WITH BUSINESS:

• Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR)
• Latest Audited Financial Statements/Statement of Assets and Liabilities/Statement of Income and Expenses
• Certificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation)
• Bank Statements or photocopy of Passbook for the last 3 months
• Proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc.)

E. ADDITIONAL REQUIREMENTS IF COLLATERAL IS USED/SECOND HAND/IMPORTED VEHICLE:

• Copy of LTO OR/CR under the name of the seller/applicant
• Deed of Sale
• PNP Clearance and Macro Etching Certificate
• Bill of lading and importation papers, including proof of payment on custom and duty taxes (for imported units only)

A. FOR INDIVIDUALS

• Filipino citizens who are residents of the Philippines; or Foreign citizens residing in the Philippines, provided, accompanied with a positive endorsement from the company he is affiliated with & a qualified Filipino citizen guarantor or co-maker in place, or
• Filipino citizens who are residing outside the borders of Philippines, provided with qualified Filipino citizen guarantor or co-maker in place.
• Age must be 21 years old but not more than 65 years upon final maturity of the loan.
• Minimum joint monthly gross income with spouse of Php 40,000 (brand new) or Php 20,000 (2nd hand/used car)
• Employed for at least 2 years or officer position on a permanent / regular basis.

B. FOR PARTNERSHIPS AND CORPORATIONS

• Must be duly registered to operate as a legal entity in the Philippines.
• The business must be in operation for at least three (3) years.

C. FOR START-UP BUSINESSES

• Start-ups or businesses operating for less than 3 years, co-makers / sureties are required.
• Must have strong business prospects/potentials based on evaluation.

1. Scan or take pictures of your ID and proof of income.
2. Apply online or at your nearest branch.
3. Wait for processing and approval (as fast as 1 banking day!)