BDO
Personal loans from BDO up to ₱1,000,000
₱10K – ₱1.0M
Interest from 25.58%
Approval: 5-7 banking days
Auto Loans
Comparing 7 offers. Updated May 13, 2026.
Best offers – Auto Loans 2026
BPI
BPI personal loans up to ₱2,000,000 with flexible terms
₱10K – ₱2.0M
Interest from 25.60%
Approval: 3-5 banking days
Maybank
Maybank personal loans up to ₱1,000,000
₱10K – ₱1.0M
Interest from 1.30%
Approval: 5-7 banking days
EastWest Bank
EastWest Bank personal loans up to ₱2,000,000
₱25K – ₱2.0M
Interest from 1.49%
Approval: 3-5 banking days
Security Bank
Security Bank personal loans up to ₱2,000,000
₱25K – ₱2.0M
Interest from 29.48%
Approval: 3-5 banking days
Metrobank
Metrobank loans up to ₱10,000,000 for big financial needs
₱500K – ₱10.0M
Interest from 5.90%
Approval: 5-7 banking days
UnionBank Car Loan
UnionBank car loans up to ₱5,000,000 with competitive rates
₱50K – ₱5.0M
Interest from 5.00%
Approval: 3-5 banking days
Auto Loans in the Philippines
Auto loans in the Philippines make it possible to own your dream vehicle — whether brand new or second-hand — without paying the full purchase price upfront. Leading banks and financing companies offer competitive auto loan packages with repayment periods of 12 to 84 months and varying down payment requirements.
Philippine auto loans come in two main types: brand new vehicle loans (typically requiring 20–30% down payment) and used car loans (usually requiring 30–40% down payment with stricter vehicle age limits). Interest rates are generally lower than personal loans because the vehicle serves as collateral.
Key factors to compare when choosing an auto loan include the down payment amount, monthly installment, total cost of ownership, add-on rate vs. effective rate, and insurance requirements. Some lenders offer special promos with 0% interest for the first few months. Use CoolFinance.ph to compare all auto loan offers and calculate your monthly payments before visiting any dealership.