Auto Loan

Overview Application Requirements FAQs Useful Links Loan Calculator Auto Finder Loan Services

You are inquiring about Auto Loan

Please fill in the fields below and an Account Officer will get in touch with you. All fields are mandatory.

To know more about Auto Loan or to apply for a loan online, you may click the corresponding button at the bottom of the page.

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WHAT WE OFFER

Financing for your car purchase

Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use.

Flexible Loan Terms

For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term

	Brand New		Pre-Owned
	Personal Use	Business Use	Personal Use	Business Use
Min. Downpayment	20%	30%	30%	40%
Max. Loan Term	6 years	3 years	4 years	2 years

Borrow as low as P100,000 or up to 80% of your brand new car’s purchase price.

Affordable Cash-out via All-in Financing

Include the payment of your car’s Chattel Mortgage Fees and First Year Motor Insurance Premium up to the term of your loan.

Low Rates and Fast Loan Processing

Avail of competitive rates and get loan approval within 24 hours.

Rewards Points via BDO Rewards

Earn BDO Rewards points which can be redeemed at SM and its retail partners.

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HOW TO APPLY

Step 1: Check Your Qualifications

• At least 21 years old but not exceeding 70 years old at the end of
the loan term

• Filipino citizen or foreigners residing in the Philippines for at
least 2 years

• Minimum gross family income of P50,000/month

• With stable source of income from employment or business

Locally Employed	Self-Employed	Employed Abroad
at least 2 years with current company	at least 2 consecutive profitable years of operation	2-3 years employment

Step 2: Prepare The Documents

Basic Document

• Completely filled out application form

Identification Documents

• Photocopy of one (1) valid ID matching application details
(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,
OFW ID, Seaman’s Book)

• For Foreigners, Alien Certificate of Registration with
Work Permit

Income Documents:

Locally Employed	Self-Employed	Employed Abroad
Any of the following: • Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract	• Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration	Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips

Step 3: Submit Your Application Form and Requirements

Submit through any of the following channels:

• Apply Online

• More than 1,200 BDO Branches

• BDO Auto Loan Provincial Business Centers

Click here for the printable version of the complete list of requirements.

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TOOLS TO HELP YOU

Auto Loan Calculators

Compute for a loan package that suits your budget using the Auto Loan Calculators.

Know your Monthly Amortization based on your monthly income.

Know your Maximum Loanable Amount Based on a Range of Downpayment Options.

Auto Finder

Check the latest car models and compare them.

Check pre-owned car models and compare them.