Car Loans in the Philippines

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IMPORTANT NOTICE:

1. All amounts quoted are in Philippine Peso.

2. Resulting computations are based on indicative rates and for estimation purposes only. These do not constitute an approval nor offer by BDO.

3. Actual computations based on prevailing rates will be provided by your Account Officer upon loan application.

4. Maximum Loanable Amount is based on the following:

- For Brand New Cars, amount assumes 80% of your vehicle purchase price.

- For Pre-Owned Cars, amount follows the appraised value or vehicle purchase price, whichever is lower.

5. The result shown in the calculator is representative of payments made one month in advance (OMA). Alternative rates will apply to payments made in arrears.

Ensure a Perfect Car Purchase This 2016 and Onwards with These 6 Shopping Tips

Loan Solutions · Jun 01, 2016

It’s 2016! If one of your goals this year is to buy a new car or prepare for a purchase in the coming years, you better start planning now while it’s still early in January. Speaking of planning, you might want to get one of the cars in MSN’s list of trendy cars to wait in 2016-2019:

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Financing options: Which one is better?

Jacob Oliva · Feb 11, 2016

Financing options are the ways that your car loan can be paid of. These are offered by either the bank or the dealership themselves. These give buyers the freedom to choose which payment scheme will suit their financial capability.

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Step 2: Applying for the Car Loan

Feb 10, 2016

When it comes to car loan application, there are certain criteria that the lender implements in order to ensure that the borrower will be able to pay the proposed monthly amortization. Several legal documents pertaining to your identity and financial capabilities will need to be submitted.

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Step 1: Car Loan Basics

Feb 09, 2016

A brand new vehicle can range from as low as P400,000 to as much as P7,000,000 or even more. Unless you have 6 or 7 figures stashed in your bank account that you can spend on a whim, your best chance to own a car is through a car loan.

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