Auto Loan
DAILY RATES
Signature Trust Fund
Value Equity Fund
Best Balanced Fund
**in Philippine Peso
AUTO LOAN

Enjoy the drive of your own brand new or used car via PBCOM Auto Loan with terms of up to 5 years*


ACCEPTABLE LOAN PURPOSE

  • Purchase for personal or business use of:
  • -Brand New Vehicle
    -Second-hand/Used Vehicle (for PBCOM depositors only)
  • Reimbursement of Brand New Vehicle

LOAN AMOUNT

  • Minimum of Php200,000
  • Maximum of Php10 million or:
  • -Up to 80% of the Suggested Retail Price of the Brand New Vehicle
    -Up to 70% of the Appraised Value of the Second-hand/Used Vehicle

LOAN TERM

  • 12 to 60 months for Brand New Vehicles
  • 12 to 48 months for Second-hand/Used vehicles**

FEES AND CHARGES

Auto Loan’s Upfront Appraisal Fee Php1,500 for Used Vehicle
Chattel Mortgage Fees To be computed based on the Amount financed & unit being availed (for brand new and used vehicle)

 

LOAN PAYMENT

  • Monthly installments covering principal and interest to be paid via Post Dated Checks or Automatic Debit Arrangement

ELIGIBILITY REQUIREMENTS

  • 21 to 65 years old (Applicant must not be more than 65 years old upon loan maturity).
  • Filipino Citizen, Foreign-based Filipino, or Foreign Citizen residing in the Philippines
  • Individuals who are Salaried, Self-employed and Professionals.
  • Minimum Gross Monthly Family Income of Php40,000 (for acquisition of Brand New Vehicle)
  • Minimum Gross Monthly Family Income of Php50,000 (for acquisition of Second-hand/Used Vehicle)

DOCUMENTARY REQUIREMENTS

FOR SALARIED INDIVIDUALS

  • Filled out and signed application form
  • Certificate of Employment with Compensation
  • Latest ITR or Form 2316 (photocopy)
  • Any two (2) valid government-issued IDs with photo and signature
    • For OFWs

    • Employment Contract and/or Certificate of Employment
    • Proof of remittance for the last three (3) months

FOR SELF-EMPLOYED

  • Filled out and signed application form
  • Certificate of Business Registration (photocopy)
  • List of at least 3 clients and/or suppliers with contact details
  • Latest ITR and Audited Financial Statements
  • Bank statements for the last three (3) months
  • Any two (2) valid government- issued IDs with photo and signature

ADDITIONAL DOCUMENTS NEEDED FOR SECOND-HAND/USED VEHICLE:

  • Certificate of Registration and Official Receipt of the unit being purchased (photocopy)
  • LTO Blue Form Stencil

*5-year term applicable for Brand New Vehicles only.
**Loan Term for Second-hand/Used vehicles vary depending on the year model of the vehicle.