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BDO auto loan for december 2022 in the Philippines

BDO
Get an auto loan at BDO. On 03.12.2022 there are 1 options are available to you. Increase your chances of getting a loan - fill out an online application with a free credit rating check.

Offers: 1

Updated:
14.10.2022
07:07
Auto Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱10,000-₱1,000,000
Rate
i

Effective interest rate on the product

up to 30.26%
Term
i

Loan term for the financial product

up to 60 months
Submit your loan application online
Submit your loan application online

Take advantage of our auto loan selection system with a free credit check!

BDO auto loan calculator in the Philippines

Calculate an auto loan at BDO
Auto loan amount
i

Specify the desired loan amount

PHP
PHP
100000 ₱
5000000 ₱
Auto loan amount
i

Auto loan amount

PHP
PHP
100000 ₱
5000000 ₱
Down payment
i

Specify the percentage of the down payment

%
20
90
Your loan amount
Loan term
i

Specify the loan term for the calculation

months
days
24
60
Annual interest rate
i

Choose the interest rate on the loan

16.39 %
34.93 %
Type of payments
i

Specify the type of payment for calculating

Auto loan application in the Philippines

Auto loan amount
i

Specify the desired loan amount

50000 ₱
5000000 ₱
Auto loan term
i

Specify the loan term for the calculation

1
120
Auto loan applicationAuto loan applicationAuto loan applicationAuto loan applicationAuto loan application
Your data is securely protectd
Loan amount
0 ₱
Loan term
0 month
Loan comission
19 497
More

Other types of auto loans

How to get an auto loan?

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

Wait for a response from the lender
Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

Get your loan!
Get your loan!

Get the money to your bank account, digital wallet or in cash.

Apply Your data is securely protected

BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
BDO auto loan for december 2022

BDO Unibank Auto Loans finance the purchase of a brand new or pre-owned car, whether for your personal or business use. It offers competitive rates, online application, and approval within 24 hours. The maximum loan terms for new cars are five years for personal use, three years for business use, and for pre-owned vehicles — 4 and 2 years, respectively.

BDO Deals On Wheels Promo offers will give you lower rates, waived fees, free first-year motor insurance, Preventive Maintenance Service (PMS) Voucher, and BDO Rewards Bonus points.

Types of BDO Unibank Auto Loans

  • Brand new car financing
  • Reimbursement of new vehicles. A car should not be more than one month old and with a mileage of fewer than 2,500 kilometers
  • Purchase of pre-owned vehicles not older than six years upon loan maturity.

You may also choose loan options such as:

  • Low Downpayment to maximize the loan amount. Generally, BDO Auto Loan down payment varies between 30-50% for used cars and 20-40% for brand-new vehicles.
  • All In Financing includes chattel mortgage fees and first-year motor insurance premiums in your monthly installments.
  • Multi-Year Motor Insurance Coverage allows you to pay an Insurance premium covering the loan term upfront or include it as part of the amount to be financed.

How to apply for a BDO Unibank Auto Loan?

You can apply online through BDO Loans Centers or BDO Branches. Prepare all required documents, such as ID and Proof of income.

To apply online

  1. Visit the BDO website, select «Auto loan» and click «Apply now».
  2. Select your type of application: Individual/Sole Proprietorship or Partnership/Corporation
  3. Fill out the borrower's information: name, civil status, citizenship, mobile number, address, and email address.
  4. Input loan information: refinancing or purchase personal or business use, new or used car, vehicle brand, model, price, down payment, loan amount, and term.
  5. Fill out the borrower's employment or business information: employment type, country, employer name, address and phone, years of employment, and position.
  6. Enter your gross monthly income.
  7. Add a co-borrower if necessary.
  8. Enter financial information: deposits and loans bank name, type, and monthly payment.
  9. Review and submit the application.

A BDO Account Officer will contact you and be ready to provide needed Proof of income and other documents.

Requirements

To be eligible for BDO Unibank Auto Loan, you must:

  • Be at least 21 years old but not exceeding 70 years old at the end of the loan term
  • Be a Filipino citizen or Foreign Nationals
  • Have a minimum gross income of Php 50,000 per month or its equivalent in US Dollars
  • Have a stable source of income from employment or business
  • Provide a filled application form
  • Be employed over two years with the current company or have at least two consecutive profitable years of operation
  • Provide a photocopy of one valid ID or Alien Certificate of Registration with Work Permit
  • Provide Income Documents (different for locally/ internationally employed, self-employed): Certificate of Employment with Salary, Photocopy of Audited Financial Statements, etc.

Pros and cons

Pros

  • Flexible payment options
  • New and used car financing
  • Online application
  • Attractive promo offer
  • Online account to review loan details

Cons

  • A lot of requirements to meet
  • Credit card or deposit is obligatory to use the BDO online banking
  • Car insurance is needed

How to make a payment?

Automatic Debit Arrangement (ADA) automatically deducts your fixed monthly loan repayments from your enrolled BDO Account on every due date. Payments cover your principal loan amount and the interest incurred.

You could also make payments via Remittance to your BDO Account and via Telegraphic Transfer through SWIFT Code.

For any questions, call BDO Customer Contact Center at (02) 8631-8000.

FAQ

Can I apply for a BDO auto loan if I am working abroad?

You can apply for BDO vehicle financing if you are working abroad. You can send your application online.

To complete the application, you will be required to provide the following:

  • Proof of Remittance for the last three months

  • Latest Crew Contract for sea-based employees

  • Consularized Certificate of Employment with income or the latest three months' payslip.

Which auto loan-related fees will I be charged?

Chattel Mortgage Fees (CMF): documentary stamp tax, processing, and notarial fees, 2-3% of your loan amount. Comprehensive Motor Insurance Premium is based on the type of auto and its purchase price. Compulsory Third Party Liability (TPL) Insurance is about Php 700 per year.

What is the required car-related insurance?

Comprehensive Motor Insurance Coverage ensures that your car is protected against damage, theft, and liabilities caused by collision, fire, personal accident, and natural disasters. 

Compulsory Third Party Liability (CPTL) is required by the Land Transportation Office (LTO) and compensates the third party in case of an accident involving the insured car.