Auto Loan


Brand New Car and Used Car Financing Available

  • Offers financing for both brand new car and used car with flexible payment options to suit your lifestyle.

  • Minimum loan amount starts at P100,000 for a brand new car. Loan amount is up to 70% of appraised value or selling price, whichever is lower for used car.

  • Refinancing / Multipurpose vehicle Loan also available*


Flexible Payment Terms

  • Minimum down payment of 20% (for brand new) or 30% down payment (for used cars) to fit budget or you may opt to increase your initial cash out to have a lighter monthly amortization that you can afford.


Fast Loan processing and Low Rates

  • Check our competitive rates and get loan approval within 24 hours.


Reward Points via BDO rewards

  • Earn BDO reward points which can be redeemed at any SM Department store for items of your choice.


All in Financing also Available

         You may opt to choose “all-in” inclusive of the following:

  • Chattel Mortgage Fees

  • 1st year Car Insurance Premium

  • 3-yr LTO registration


You can apply for a BDO Auto Loan if you meet the following requirements:

  • 21-65 yrs old (not exceeding 65 yrs old upon loan maturity)

  • Filipino or Foreign based Filipino

  • With gross family income of P50,000

  • Employed/Self employed for at least 2 years

  • Good credit standing


Basic Pre-approval Requirements:

  • Fully accomplished and signed application form

  • Income Documents

    • If locally employed

      • Latest Income tax Return (ITR) / full month payslip and Tax Identification Number (TIN)

      • Certificate of Employment with compensation details

    • If self-employed or owns a business

      • Photocopy of Certificate of Registration issued by DTI

      • Latest Audited Financial Statements for the last 2 years with latest ITR

      • Three (3) Business References either Supplier or customer with contact details

      • Latest 3 months bank statements (if non-BDO depositor)

    • Corporation and Partnership

      • Complete corporate papers (SEC Certificate of Registration, Articles of Incorporation, By-laws)

      • Secretary’s Certificate / Partnership Resolution (using BDO format)

      • Latest Audited FS for the last 2 years with latest ITR

      • Additional covenant form for signature

  • Others:

    • PDCs / ADA Instruction if mode of payment is Debit to Account

    • Chattel Mortgage Fees

      • Insurance Policy with OR of Premium Payment





  1. What are the vehicles that I can apply a loan for?

    • You can apply for a BDO Auto Loan for the following vehicles:

      • Brand-new vehicles – this includes passenger cars, AUVs, vans, SUVs, and LCVs;

      • Second-hand vehicles – the vehicle must not exceed six (6) years upon loan maturity;

      • Imported vehicles – this can be a brand-new or a used imported vehicle.  Different terms will apply for each.

  2. What is the minimum loan amount and required down payment for an auto loan? Is there a minimum loan term?

    • Here is a simplified reference table for your query:

        Loan amount Minimum
      down payment
      Loan term
      Brand New Car Minimum starts at P100,000;
      Up to 80% of vehicle selling price
      20% of vehicle
      selling price
      Minimum of 12 months, maximum
      of 72 months
      Used Car Minimum starts at P100,000;
      Up to 70% of vehicle's appraised value
      30% of vehicle's appraised value Minimum of 12 months, maximum
      of 48 months


  3. What are my options in paying for my Auto Loan?

    You may choose to pay your monthly amortization via Automatic Debit Arrangement (ADA) from your BDO account or via issuance of PDCs.

    I’m interested in the Automatic Debit Arrangement option. How do I arrange for this?

    The Automatic Debit Arrangment, or ADA will be linked with your BDO Savings or Checking Account.  Once you decide that this is your mode of payment for your loan, advise your Account Officer.  You will then fill up the Automatic Debit Arrangement Form, and your succeeding amortizations will be debited from your BDO Account. 

  4. I am a Filipino living abroad, and I want to apply for a BDO Auto Loan.  Will I be eligible to apply?

    • Yes. You will be eligible to apply for a BDO Auto Loan if you fall within the following criteria:

      • Gross family income of P50,000 or its US dollar equivalent;

      • Filipinos, or former Filipinos with or without dual citizenship; or Filipinos married to foreigners; or Foreign based Filipinos / OFW and their beneficiaries
        Note: in case the remitter is not in the country at the time of application, the beneficiary will act as  the borrower

      • At least 2 years continuous employment abroad.

      • Beneficiary must be living or working within BDO serviceable area

  5. What are the documents that I need to prepare to apply for an auto loan?

    • You will need to prepare the following requirements:

      • Certificate of Employment or current employment contract for the last 6 months;

      • Contact details of your local employer

      • Remittance receipts or its equivalent proof of remittance


Post-Approval FAQs:

  1. What should I prepare after the approval of my Auto Loan?

    • Below is a table of requirements:

      Basic Requirements - Two (2) government-issued ID's (SSS, Driver's License, Passport, GSIS, PRC, Police Clearance, NBI, Seaman's book, etc);

      - Additional requirement for foreigners – ACR with Icard, Alien  Employment Permit, Special Investor's Resident Visa

      Income Documents

      If you are locally-employed:

      - Latest ITR;
      - Full-month payslip;
      - TIN;

      If you are self-employed or you own a business:

      - Photocopy of Certificate of Registration;
      - Latest audited Financial Statements for the last two years;
      - Latest ITR;

      For corporations and/or partnerships:

      - Complete corporate papers;
      - Secretary's Certificate or Partnership Resolution (using BDO format)
      - Additional covenant form for signature

      Other Requirements - PDCs or ADA Instruction
      (if applicable);
      - Chattel Mortgage Fees;
      - Motor Insurance


  2. What are my options in getting a motor insurance policy?

    • You can choose to get insurance through BDO or on your own, however, it is important to remember that insurance is required before your vehicle can be released to you.

    • BDO Auto Loan offers the “All-In Financing” option. This covers (1) Chattel Mortage Fees, (2) 1st Year Car Insurance Premium, and (3) 3-year LTO Registration.

    • Another option is to choose to arrange for an insurance policy on your own. The company, however, should be accredited by BDO.  A list of accredited companies can be given to you by you Account Officer.  You may want to explore the offers of BDO Insurance Brokers (BDOi).

  3. I changed my mailing address.  How do I inform BDO about it?

    For any change in your mailing address or telephone numbers, please call our Customer Contact Center at 631-8000 or 1-800-10-6318000 (Domestic Toll Free), or email so we can proceed with updating your contact details.



Looking for a pre-owned car? Click here to find vehicles for sale.


Budgeting for your new car? Use our Auto Loan Calculator to get an estimate of your monthly amortization with BDO.


Step-by-step Guide:

How to use the Auto Loan Calculator:

  1. Choose whether you want to compute for a Brand New or a Used Car.

  2. Enter your vehicle's purchase price and your downpayment;

  3. Select your Loan Term:

    • For Brand New –  choose from 12 to 72 months (1 to 6 years)

    • For Used Cars – choose from 12 to 48 months (1 to 4 years)

  4. Select whether you want to consider a one-month advance payment;

  5. Click COMPUTE to know your monthly amortization.


Note: Minimum down payment for Brand New cars is 20% of the purchase price. 
For Used Cars, minimum downpayment is 30% of the purchase price.


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Visit BDO Deals on Wheels now and get the car you've always wanted. Learn More



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For Inquiries

Call BDO Customer Center at 631-8000 Text BDOLOANS to 2256
  • Maximum Loan
    Based on appraised value of vehicle
  • Minimum Loan
  • Tenor (Months)
    Payment options of 1 to 6 years