Auto Loan

Drive the automobile of low rates to your dreams, fast approval and free one year auto insurance.

Overview

Purchasing a motor vehicle hasn’t been simpler! Make an application for an auto loan that suits your chosen lifestyle with versatile repayment terms and fast approval. Additionally includes COMPLIMENTARY 1 12 months auto insurance. *

You can make use of our auto loan when it comes to:

  • Buy of a whole new or second-hand automobile for personal use
  • Reimbursement of a brand name brand new automobile
  • Refinancing of the second-hand car/loan take-out
  • Buy of a brandname brand new vehicle for company usage such as for instance:

*Only relates to completely new and individual usage vehicles just

Is our car finance not exactly exactly just what you’re in search of? Have a look at our Truck Loan or car Fleet Financing Facility perfect for growing organizations.

Nevertheless taking a look at automobiles? Utilize our car that is new comparison to compare the costs and top features of popular vehicle brands like Toyota, Honda, Hyundai and Mistubishi.

At a Glance

Loan Amount completely new: as much as 80% of purchase priceSecond hand: as much as 70% of appraised value
Payment Terms completely new: 12 to 60 monthsSecond hand: 12 to 48 months
deposit as little as 20% of price
Approval Time 1 banking day*
optimum vehicle Age Up to 11 years old**

*from receipt of complete form and needs**For second-hand, the chronilogical age of car + loan tenor must not go beyond 11 years

All Access Pass Promo: Open A all access account and obtain a complimentary on line Gift Check P2,500! Promo Period is from 1 to December 31, 2019, extended until March 31, 2020 as approved by DTI-FTEB october.

New Auto Loan Rates

Term Standard With One Month Advance
12 6.77% 6.02percent
18 9.74% 8.93%
24 14.38per cent 13.48%
36 21.51% 20.50per cent
48 29.04% 27.92percent
60 37.63percent 36.38%

Finance Calculator

Make Your Choice Better

Car Contrast Device

Maybe maybe maybe Not yet certain which vehicle to purchase? Make use of our automobile buyer’s guide to compare models, rates, and features.

Free 1 car Insurance year

Our auto loan comes with free 1 year auto insurance to help you drive with satisfaction.

Documentary Needs

A. FUNDAMENTAL DEMANDS:

  • Duly signed and accomplished car finance Application Form
  • Valid Government-issued ID (with signature and picture) of borrower/spouse/co-borrower/co-maker/signatories ofthe loan
  • Latest evidence of Billing under borrower’s title

B. NEEDS FOR LOCALLY EMPLOYED:

  • Latest money Tax Return (ITR) / BIR type 2316 (duly stamped by BIR), Or Pay Slips for at the very least three months
  • Latest Certification of Employment with Payment

C. DEMANDS FOR EMPLOYED ABROAD:

  • Latest Crew Contract (for seafarer/seaman); Latest Employment Contract duly authenticated by Phil. Consulate (for OFWs)
  • Evidence of Remittance (allotment slips) for at the very least a couple of months

D. DEMANDS FOR SELF-EMPLOYED/WITH COMPANY:

  • Latest money Tax Return (ITR) / BIR type 2316 (duly stamped by BIR)
  • Latest Audited Financial Statements/Statement of Assets and Liabilities/Statement of money and costs
  • Certification of company Registration with DTI (sole proprietorship) or SEC (partnership/corporation)
  • Bank Statements or photocopy of Passbook for the past three months
  • Evidence of Other money (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc. )

E. EXTRA DEMANDS IF COLLATERAL IS USED/SECOND HAND/IMPORTED CAR:

  • Copy of LTO OR/CR beneath the title for the seller/applicant
  • Deed of purchase
  • PNP Clearance and Macro Etching Certificate
  • Bill of lading and importation documents, including evidence of payment on customized and responsibility fees (for brought in units just)

Eligibility Demands

A. FOR PEOPLE

  • Filipino residents who’re residents of this Philippines; or international residents residing in the Philippines, supplied, associated with an endorsement that is positive the organization he could be associated with & an experienced Filipino resident guarantor or co-maker set up, or
  • Filipino residents that are living away from edges of Philippines, supplied with qualified Filipino resident guarantor or co-maker in position.
  • Age must certanly be 21 yrs. Old although not more than 65 years upon final readiness regarding the loan.
  • Minimal joint month-to-month revenues with partner of Php 40,000 (new) or Php 20,000 (2nd hand/used automobile)
  • Used by at the least two years or officer place on a permanent / daily basis.

B. FOR PARTNERSHIPS AND CORPORATIONS

  • Must certanly be duly registered to work as being a appropriate entity in the Philippines.
  • The company needs to be in procedure for at the very least three (3) years.

C. FOR START-UP BUSINESSES

  • Start-ups or companies running at under 36 months, co-makers / sureties are expected.
  • Will need to have business that is strong centered on assessment.