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Apply for a PNB Auto Loan!

  • Low Interest Rates
  • Low Downpayment
  • Easy Payment Terms
  • Quick Approval
  • Convenience in Payment

FAQs Requirements Download Application Form Auto Loan Calculator

Features

Purpose

  • Purchase of brand new or second hand cars

Eligible Borrowers

  1. Borrower must be at least 21 years of age
    • Individuals aged 21 years but should not be more than 65 years old at the time of loan maturity
    • Partnership and Corporations

Term of loan
The maximum term of the loan shall be 60 months

For Second-Hand Vehicles

  • 1-3 year old vehicles – 48 months
  • 4 year old vehicles – 36 months
  • 5-6 year old vehicles – 24 months
  • 7 year old vehicles – 12 months

Loanable Amount

  1. Maximum loanable amount shall be as follows:
    1. For Brand New/Refinanced Vehicles – up to 80% of the cash list or purchase price
    2. For Second-Hand Vehicles – up to 75% of the appraised value
  2. Minimum loanable amount shall be as follows:
    1. For Brand New/Refinanced vehicles - Php 300,000
    2. For Second-Hand Vehicles - Php 150,000

Interest Rate

Term Brand New Second Hand
EIR AOR EIR AOR
12 Months 9.36% 5.29% 12.40% 7.97%
18 Months 9.54% 7.72% 13.82% 11.29%
24 Months 9.74% 10.46% 14.01% 15.25%
36 Months 9.94% 16.05% 14.20% 23.39%
48 Months 10.03% 21.80% 15.05% 33.70%
60 Months 10.18% 28.01%

Repayment Scheme

  • Equal monthly amortization

Mode of Payment

  • Payments can be made via Automatic Debit Arrangement and Post Dated Checks

Insurance

  • Comprehensive Insurance