Loans

BDO Auto Loan

• Product Description

  BDO Auto Loan now up to 6 years to pay. And, the perks are FREE!

  
  

  The car you've always wanted is more affordable than ever.

  A Flexible 6-year loan term lets you drive away in your dream car with low, low monthly payments.

  Guaranteed low rates and fast processing of your loan application.

  Get BDO Rewards points up to the life of your loan

  
  

  BDO Auto Loans is a car financing facility that can be used both for personal and business purposes. You'll be at the wheel of your dream automobile faster than you think:

  Affordable Rates

  BDO Auto Loans has some of the most competitive rates in the market, you won't need to drive far to get the best deals for your dream car.

  
  

  Fast Approvals

  Apply now and drive away soon - when you get your loan approval within 24 hours!

  Available for Brand New and Second-hand Cars

  We won't stand in the way of your dream car, whether it's used or brand new! We finance your choice of brand new (Metro Manila, Cebu, Batangas, Dagupan, Pampanga, Iloilo, Baguio, Cagayan De Oro, Davao, Laguna, Bulacan, Cabanatuan, Laoag and Bacolod) and used cars (Metro Manila only).

  
  

  Brand New Vehicles

  - Passenger Cars (i.e. Altis, Civic, Lynx, etc.)

  - AUVs (i.e. Innova, Crosswind, Adventure, etc.)

  - Vans (i.e. Hi-Ace, Starex, Spacegear, etc.)

  - SUVs (i.e. Pajero, Patrol, Expedition, etc.)

  - Small SUVs (i.e. CRV, RAV4, Outlander, etc.)

  - LCVs (i.e. Strada, Frontier, Hi-Lux, etc.)

  Used Vehicles (Year/Model should not exceed 6 years upon loan maturity)

  Refinancing/Multi-purpose Vehicle Loan (case-to-case basis)

  - For brand new units applied within one month of acquisition date, brand new rates apply

  - Otherwise, applicable rates will be those used for used vehicles

  - Acceptable year/model same as those for used vehicles (not more than 6 years upon loan maturity)

  Flexible Payment Terms

  With payment options of 1 to 6 years, we'll make it easy to fit a new car into your finances.

  Minimum loan amount starts at P100,000. There is a requisite down payment of 20%. For used cars, term is up to 4 years, and loan amount is up to 70% of appraised value or selling price, whichever is lower.

  
  

  Various Payment Options

  Post-dated checks

  Automatic Debit Arrangement

  
  

  Earn Reward Points via BDO Rewards

  Which can be redeemed at any SM Department Store for items of your choice.

  
  

  Convenient Application Locations

  With more than a hundred branches in Metro Manila alone, you're sure to find a BDO branch waiting to serve you wherever you are. Fill out a BDO Auto Loan application form and submit it to any BDO branch or BDO On-Site nearest you. You may also fax in your application forms at 688-1228 or 688-1274.

  
  
• Application Requirements

  Eligibility Criteria

  21-65 years old

  Filipino or Foreign based Filipino

  Gross family income of P50,000

  Employed/Self-employed for 2 years

  1st time borrowers are eligible

  Documentary Requirements

  For Application:

  Properly Accomplished Application Form

  Once Approved:

  Individuals

  - Loan Docs

  - Valid ID

  - ITR/TIN

  - PDC/s

  - Insurance Policy with OR of Premium Payment

  - Chattel Mortgage Fees

  - Down Payment

  Single Proprietorship (Additional)

  - Registration Certificate

  Corporation/Partnership (Additional)

  - Complete Corporate Papers (ie. SEC Certificate of Registration, Articles of Incorporation, By-laws)

  - Secretary's Certificate/Partnership Resolution

  - Financial Statements

• Apply Now

  Click here to view and download the Auto Loan application form (for Non-OFWs).

  
  

  For our Kabayans working abroad, please use the Asenso Kabayan application forms by clicking on the following links:

  1. Application Form

  2. Affidavit of Marital Consent

  3. Special Power of Attorney Form

For inquiries, please call:

Call Center 631-8000

Hot Lines 688-1288 locals 4081/4324/4954