Car Loans



  • Loan amount 1.000 - 50.000 PHP
  • Interest rate 1% per day
  • Term 91 — 365 days


  • Loan amount 1.000 - 12.000 PHP
  • Interest rate 0.2% per day
  • Term 7 — 28 days


  • Loan amount 1.000 - 25.000 PHP
  • Interest rate 0,49% per day
  • Term 30 - 180 days


  • Loan amount 2.000 - 20.000 PHP
  • Interest rate 0% per day
  • Term 10 - 180 days


  • Loan amount 3.000 - 10.000 PHP
  • Interest rate 0,65% per day
  • Term 5 - 30 days


  • Loan amount 1.000 - 25.000 PHP
  • Interest rate 0,43% - 0,5% per day
  • Term 1 - 61 days
  • Loan amount 2.000 - 20.000 PHP
  • Interest rate 1 per day
  • Term 7 - 30 days


  • Loan amount 2.500 - 15.000 PHP
  • Interest rate 0,83% per day
  • Term 10 - 90 days


  • Loan amount 4.000 - 10.000 PHP
  • Interest rate 0.05% per day
  • Term 91 — 120 days


  • Loan amount 10.000 - 2.000.000 PHP
  • Interest rate 0.26% per day
  • Term 30 — 1095 days


  • Loan amount 10.000 - 100.000 PHP
  • Interest rate 1,35% per day
  • Term 180 - 365 days


  • Loan amount 3.000 - 150.000 PHP
  • Interest rate 0,03% per day
  • Term 91 - 365 days


  • Loan amount 2.000 - 20.000 PHP
  • Interest rate 0.08% per day
  • Term 91 — 120 days


  • Loan amount -
  • Interest rate 1% - 5%
  • Term 3 - 24 months


  • Loan amount 1.000 - 7.000 PHP
  • Interest rate 2.17% per day
  • Term 90 — 720 days

It is difficult to buy a car at your own expense because the cost of cars is high. If you do not always save enough money, the best car loan Philippines can be the solution.

To obtain such a loan, you will need to provide several documents proving your credibility. You can get a car loan from various banks in the Philippines. Some of them consider applications almost immediately. Which is especially advantageous: the money is spent the next day. You don’t have to wait days or weeks for a decision.

Advantages of Car Loans without a Bank Account

Cashwagon in the Philippines without a bank account is possible in cases where the collateral is established. It is often a purchased car or other valuable property owned by the debtor, but this requirement is not mandatory. The benefits of financing under these conditions include:

  • there is no need to enter into agreements with a bank that provides funds to buy a car on credit;
  • a wide range of microfinance organizations, interest rates, credit limits;
  • uniform requirements for applicants consisting of a positive credit rating, collateral or the existence of a stable minimum income;
  • apply online in advance, you do not have to go to the institution to approve the loan;
  • easy loan processing, document processing takes 1-3 days;
  • no guarantee or proof of receipt is required;
  • the place of work is not specified, there is no indication of a specific region where you can spend money, regardless of the potential client’s place of residence;
  • conditions for adequate repayment, different conditions for debt settlement depending on the material possibilities of the debtor;
  • If you own a car or motorcycle, you can immediately take out a loan to buy a new car, according to the mechanisms available to you, which greatly simplifies the approval process.

You don’t have to go to a pawn shop for a loan, which increases the chances of getting a large sum without risking arresting the purchased vehicle.

Pay Attention that among the characteristics of a car loan, the possibility of obtaining funds on a bank card can be identified. They can be issued at any time at the customer’s request.

Car Loan Card Requirements

The borrower should meet the following basic requirements:

  • reach the age of 18;
  • income of at least $ 1,000 per month after payment of all taxes;
  • an account opened with a bank in the name of the debtor;
  • permanent residence or citizenship of the Philippines;
  • business or personal telephone number, e-mail.

The most important question when applying for the cheapest car loan in the Philippines is how to open a bank account and get a loan. Lenders provide a loan under the collateral. This is a vehicle for which a target loan, real estate or other valuable goods is provided.

In the absence of collateral, the lender analyzes the risks associated with the issuance of funds to a specific debtor, his financial situation, sources of replenishment of tangible fixed assets, credit history and the existence of debt. With good results, you can apply for a car loan without opening an account.

MORE: 5000 loan

What to Do with an Approved Car Loan Card

Most loan refusals in the Philippines are caused by a bad credit history. This information is first analyzed when deciding on a loan. However, the country still does not have a centralized liability registration system. A score of 350 is considered unsatisfactory, 850 and more is positive.

Analyzing your credit history is the first and most important step in considering even a used car loan Philippines application. In order to receive funds without interruption, you must quickly make the correct payment under the terms of the contract according to the schedule. If a citizen has several loans in different banks, the risk of refusal increases. To guarantee the receipt of money, you must repay the debt to other institutions and submit an application to one or two organizations at the same time.

It may be helpful to cover debts before they end. Therefore, it is possible to obtain car loan approval without any problems.

Loan Conditions

The main conditions for car loans in the Philippines are:

  • Payments are made monthly, the term of the contract is 12, 18 or 24 or 36 months. In case of long-term debt repayment, the monthly commission of the bank increases.
  • The amount available for issue is from 10,000 to 2 million Philippine pesos. The amount is calculated by the lender individually, using a car loan calculator Philippines, taking into account the value of the collateral and the financial capabilities of the borrower. This takes into account data on creditworthiness. With good work, the approval percentage and the loan amount increase.
  • Debts can be repaid over a long period of time without any commissions or penalties.

Special rates are applied to those who are registered with a bad credit history, in this case car loans are issued at a higher interest rate.

TOP 7 Car Loans July 2024
Apply Now

Applying does NOT affect your credit score!

No credit check to apply.