How to apply for a Car Auto Loan in the Philippines?
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Auto Loan Requirements

The following documents listed are the primary requirements for Car Auto Loan in the Philippines. All transaction are for people with permanent resident in the Philippines.

Car Auto Loan Requirements:

Employed Applicant:

2(two) Valid IDs
Latest ITR 2316
Certificate of Employment (COE) issued for the last 2 (two) months
Latest Proof of Billing
Post Dated Check

Self-Employed Applicant:

2(two) Valid IDs
DTI Registration
Latest ITR 2307/1701
Bank Statements for the last 6(six) months
Latest Proof of Billing
Post Dated Check

OFW / Seaman Applicant:

2(two) Valid IDs
Proof of Remittances for the last 3 months
Notarized Contract from the Employer or COE
Latest Proof of Billing
Post Dated Check

Corporation Applicant:

Mayors Permit
SEC Registration
Articles of Incorporation
Latest Income Tax Return (ITR)
Latest 6(six) Months Bank Statement
Latest Audited Financial Statement
Corporate Secretary

  1. #1 by Francisco A. Mabbun Jr. on August 19th, 2011 - 11:07 am

    May I know how much would be the monthly amortization for the 2009 L300FB in case I place a DP of 250TH Pesos.

    Regards,

    RE Q

  2. #2 by mark denver bautista on August 22nd, 2011 - 5:19 am

    good day sir..
    gus2 ko po sana kunin ung nissan titanium..available p po ba iyon.

    RE Q

  3. #3 by admin on August 22nd, 2011 - 7:32 am

    @mark denver bautista yes the 2006 Nissan Titanium Frontier is available for sale. Call me at 0917.8104016.

    RE Q

  4. #4 by arcadia cabuntocan on August 24th, 2011 - 5:04 pm

    gus2 ko pong tanong yung mitsubishi adventure GLS Sport na 9 seater magkano ang down sa 36months at sa 48 months at magkano magiging monthly anong age limit ba pwede makakuha ng car loan?thank u.

    RE Q

  5. #5 by amalia rodriguez on August 31st, 2011 - 8:20 am

    hello, gusto kong magtanong kung ano ang requirements ng isang US immigrant sa pagkuha ng car loan, umuuwi ako every 2 years sa Pinas , pero may bahay ako dyan.

    RE Q

  6. #6 by kaye bautista on September 1st, 2011 - 3:01 am

    hi! I was wondering if i could find a good cheap car to use for 4-5 months in the philippines for next year. I need something that is very reliable because i would be driving back and forth from laguna to baguio time to time. any suggestions in a honda model and how much would it cost for refinancing. Thanks!

    RE Q

  7. #7 by richard on September 4th, 2011 - 6:14 pm

    Sir gusto ko po sana makakuha ng L300 FB dual aircon OFW po ako from israel, pls paki lang po sana padala yung yung mga kailangan ko i comply para makakuha… salamat po

    RE Q

  8. #8 by Mario Diaz on September 6th, 2011 - 12:49 am

    Hi,
    Gusto ko sanang i trade in ang aking AVANZA G, (7 seater, Blaze Red, 80K na ang natakbo, 2006 model) ng INNOVA or Hi ACE or L300 N PWEDENG School Service.
    If ok lang, gusto ko rin sanang mag pa quote ng L300 NA PANG SCHOOL SERVICE ( kahit di ko trade in ung car ko). Fully AC please.

    Thanks a lot.

    RE Q

  9. #9 by jocelyn c malate on September 26th, 2011 - 9:14 pm

    hi plano ko mag loan ng sa sasakyan pero yun ka mahalan at maganda ang makina..plano ko yun mitzubishi adventure 2009 model dizel..mag kano ba ang dow payment interesado ko pero sana yun aford ko ang dowm payment…at may car financing loan ba kyo..i waiting youre respond…saan ba matatagpuan ang car shaw room nu,ofw ko.pabaksyun ko next month…thanks.God bless

    RE Q

  10. #10 by admin on September 26th, 2011 - 11:25 pm

    @jocelyn c malate I have a 2009 Mitsubishi Adventure GLX Manual Euro 2 selling at P595,000.00 pesos negotiable.

    details:
    http://www.davenrich.com/usedcars/mitsubishi-adventure/

    30% down payment – P178,500.00

    48 months to pay – P12,665.00

    Additional charges is chattel mortgage fee and comprehensive insurance.

    Should you need further information call me at 0917.8104016.

    Richard

    RE Q

  11. #11 by felix on October 4th, 2011 - 1:02 am

    Hi.. sa first week of december i’m planning to buy brand new 2011 FORTUNER 4×2 diesel. If i put 1 mil for dp. magkano ang monthly sa remaining balance for one year and for 2 years.

    RE Q

  12. #12 by admin on October 4th, 2011 - 7:50 am

    @felix maximum allowable down DP by bank is 50% of the unit price.

    RE Q

  13. #13 by Liza Ruiz on October 12th, 2011 - 4:59 am

    Hi Richard,

    Please send your best quote for Toyota avanza, automatic 1.5 Diesel 2009 or 2010.

    Toyota Innova, automatic, 1.5 Diesel 2009 0r 2010

    We prefer payment option 30% DP, balance payable in 2-3 years.

    Thanks & Regards,
    Liza Ruiz

    RE Q

  14. #14 by WILLIE KAMA on October 16th, 2011 - 12:46 pm

    Hi Richard,

    I am a international interested buyer, but can be eligible for loan. I am willling to make loan payments while you can keep the vehicle till i finish by loan.

    Anyways, let me know if this is possible.

    Cheers

    RE Q

  15. #15 by admin on October 16th, 2011 - 3:38 pm

    @WILLIE KAMA Bank won’t approve an international buyer.

    RE Q

  16. #16 by august on October 20th, 2011 - 2:06 pm

    saan po ang location ng show room nyo?

    RE Q

  17. #17 by Amelia Tabula on October 20th, 2011 - 3:34 pm

    How much is the DP for the slightly used 2011 Super Grandia & How much is the Monthly payment?

    RE Q

  18. #18 by tess suarez on October 25th, 2011 - 7:30 am

    hi,
    good day, just to inquire how much the price of used car like toyota revo or any toyota brand for car loan basis. thanks alot hoping for your response.

    RE Q

  19. #19 by admin on October 25th, 2011 - 7:39 am

    @Amelia Tabula minimum down payment for used cars is 20% down payment.

    RE Q

  20. #20 by admin on October 25th, 2011 - 8:39 am

    @tess suarez you can make 30% down payment on any used Toyota cars 2005 model and above.

    RE Q

  21. #21 by Rocky on October 26th, 2011 - 5:14 am

    Richard, I’m here in US. I’m interested to buy a used car for my parents there in Surigao. I’m looking for the Mitsubishi Pajero. What do you have? What are your requirements? How much is the down payment? Can you give me a ballpark estimate for the monthly payment. You can email me to the answers of my questions.. Thanks

    RE Q

  22. #22 by Nonie Evangelista on October 31st, 2011 - 10:19 pm

    Chard,
    If I will buy a unit on a cash basis may discount pa bang ibaba ang naka post na price? I’m an OFW and impress ako sa mga Car mo at sure na di sya Bugbug like other 2nd hand car dealer. Saan ba place ng showroom mo? Thanks and GODBLESS…

    RE Q

  23. #23 by BOYET BACO on November 1st, 2011 - 1:34 pm

    sir magtanong lang po kung pwedi 20% dp lng yung sa 2004 na pajero nyo thanks

    RE Q

  24. #24 by admin on November 2nd, 2011 - 8:04 am

    @ BOYET BACO 30% minimum down payment allowable by bank for used cars.

    RE Q

  25. #25 by joemer sustento on November 2nd, 2011 - 10:21 am

    hello poh sir,, gsto ko sana kumuha ng mitsubishi strada.. gusto q lng malamn kng mg kano ung pina ka low dp, at ang monthly.. thankx poh sir..

    RE Q

  26. #26 by Cris Gonzales on November 10th, 2011 - 12:35 am

    Hi Richard! Planning to buy a pre-owned car by December. my budget is 150 to 170k only – toyota, honda, nissan, mitsubishi, good condition and no ondoy survivor pls. tnx alot

    RE Q

  27. #27 by joedolan on November 23rd, 2011 - 12:38 pm

    Hi,

    I need to sell my 2005 Ford Explorer Eddie Bauer before I emigrate to Europe in two weeks. Are you interested?

    Odo: 58k

    Contact me on: 09175972…., or email me.

    Thanks.

    RE Q

  28. #28 by Alan Baylon on November 25th, 2011 - 12:18 am

    Sir if possible to trade-in 2cars in you in exchange equivalent in one car. I know my 2 cars would possible sale up to Php1.1M in exchange in one without adding any cash??

    RE Q

  29. #29 by admin on November 25th, 2011 - 8:27 am

    @Alan Baylon what is your car for trade-in?

    RE Q

  30. #30 by gina on December 12th, 2011 - 12:06 am

    Good day sir. ask kulang po if magkano po itong 2004 nissan sentra Gsx 1.6Lmag kano po if cash .at magkano din po pag nag loan ako maraming salamat po

    RE Q

  31. #31 by gina on December 12th, 2011 - 12:08 am

    ofw po ako d2 sa israel. kya po ako nag tatanong kc balak ko pong bumili. thanks po

    RE Q

  32. #32 by admin on December 12th, 2011 - 8:16 am

    @ gina I’m selling the 2004 Nissan Sentra at P370T. Last price is P350T pesos. You can make 30% DP – P105T pesos, 36 months to pay – P9,256.00.

    Other charges on top of your DP is chattel mortgage fee and comprehensive insurance.

    Richard

    RE Q

  33. #33 by marvin isles on December 12th, 2011 - 7:09 pm

    i am planing to buy a slightly used toyota grandia can you send me some pictures and information of at least 3 to 5 choices.. i will be in the philippines next month. thank you

    RE Q

  34. #34 by Nida Jalimao on December 26th, 2011 - 7:30 pm

    Puwede bang mang-loan ng car sa inyo .no deposit term. just monthly payments.and just property as collateral thanks

    RE Q

  35. #35 by admin on December 26th, 2011 - 11:29 pm

    @Nida Jalimao bank financing for car needs a down payment and bank don’t need property as colateral.

    RE Q

  36. #36 by mhel on December 30th, 2011 - 1:44 pm

    hello.. mayron po ba kayo automatic eather honda or toyota worth of 200k or less i have to plan this coming end of feb pls inform me… thankd

    RE Q

  37. #37 by anthony on January 12th, 2012 - 4:54 am

    thanks for posting nice car. its impress me. anyway Mr. Richard im looking a USED CAR like toyota hilux pick-up model 2007-2010 model. i highly appreciate if u coud find me one. i live here in california and planning to trade my SUV if that possibe. thanks and God Blessed ur Good business.

    RE Q

  38. #38 by lariza tantan on January 16th, 2012 - 11:45 pm

    sir ask ko po sana if magka

    RE Q

  39. #39 by lariza tantan on January 17th, 2012 - 12:06 am

    low sir ask po sana akow if magkano ang monthly ko sa toyota hi ace d4d 2008 model if mg down ako ng 30% gsto ko poh kc kunin tnxx

    RE Q

  40. #40 by lariza tantan on January 17th, 2012 - 12:10 am

    for to years to pay sir?

    RE Q

  41. #41 by elmer domingo on January 29th, 2012 - 11:53 pm

    i see ur ad 2003 ford explorer sportac 4×2 AT, ask ko lng po kung available p e2, i will amortize dis car how much monthly 4 36months, gas b e2 or dzel

    RE Q

  42. #42 by Cecilia on February 7th, 2012 - 7:11 am

    Hi, a’m looking a mitsubishi adventure Year 2003or 2004 around 250k up to 300k I need it by May.if you have one just call cristy @237-2968 or e-mail me and I need pictures the inside & outside of the car.

    RE Q

  43. #43 by kristine on February 12th, 2012 - 2:29 pm

    hi, balak ko po magloan ng car. pero student pa lang po ako, gusto ko po sana ung toyota fortuner. ang budget ko pa lang po is 100,000. my posibility po bang makaka pagloan ako before the end of this year?

    RE Q

  44. #44 by admin on February 13th, 2012 - 10:24 am

    @kristine your down payment amount depends on the year model of Toyota Fortuner you will going to buy. Your 100T pesos is not enough to secure to Toyota Fortuner.

    RE Q

  45. #45 by mel oandasan on February 19th, 2012 - 6:31 am

    Richard meron ba kayong Toyota previa from 2004 to 2009 local

    RE Q

  46. #46 by mel oandasan on February 19th, 2012 - 6:38 am

    Richard sir san Oo location nyo pls.

    RE Q

  47. #47 by mel oandasan on February 19th, 2012 - 6:42 am

    Sir richard pwede na po ba yong 150 tow , for a 2004 – 2009 toyota previa downpayment

    RE Q

  48. #48 by arvin on February 23rd, 2012 - 8:47 am

    sir richard my wife is a government employee a lawyer particularly and i’m an employee of a private company. my wife wants to have a decent car around 2009 model particularly a toyota vios the 1.3E m/t or at least the cheapest, J. with a price around 350k. Is it possible for a 30% downpayment and 48 years to pay scheme? and one more thing i have cmap records because of my cancelled cards around 6 years ago. Is it possible for my wife to have a autoloan without being disapproved because of my previous record? thanks.

    RE Q

  49. #49 by admin on February 23rd, 2012 - 10:39 am

    To secure a 2009 model Toyota Vios you need to have a budget of around P450T – P480T pesos. You can make a DP of 30% and pay maximum 48 months. The bank might see your previous bank record.

    RE Q
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