Auto Loan
You are inquiring about Auto Loan
WHAT WE OFFER
Apply now to finance the purchase of a brand new or pre-owned car, whether for your personal or business use.
For a lighter initial payment, you choose any of the following:
• Low Downpayment, an option to maximize loan amount.
• All In Financing, a financing option inclusive of Chattel Mortgage Fees and First Year Motor Insurance Premium.
• Multi Year Motor Insurance Coverage, a discounted package where the insurance premium covering the entire term of the loan can form part of the amount to be financed.
Low Rates
Avail of our competitive rates and get loan approval within 24 hours.
Flexible Repayment Terms
To make monthly payments more manageable, select a loan term that works best for you. For a lower monthly amortization, you may opt to maximize the loan term
Brand New | Pre-Owned | |||
Personal Use | Business Use | Personal Use | Business Use | |
Maximum Loan Term | 5 years | 3 years | 4 years | 2 years |
Rewards Points via BDO Rewards
Earn BDO Rewards points, which can be used to redeem at SM and its retail partners.
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HOW TO APPLY
• 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 |
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: |
• 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: |
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
Check the latest car models and compare them.
Check pre-owned car models and compare them.