BDO vs Metrobank Car Loan 2026: Rates, Monthly Payment and Requirements Compared

BDO vs Metrobank: monthly payment for your car

Pick your car and down payment. Both banks are priced on the same loan, so the difference is real.

BDO vs Metrobank rates by term

Brand new car, ₱1,000,000 loan. The lower monthly payment at each term is marked.

Pay over	BDO rate	BDO monthly	Metrobank rate	Metrobank monthly	Difference a month
12 months	7.50%	₱86,757	5.19%	₱87,658	₱901 less at BDO
18 months	8.00%	₱59,140	7.61%	₱59,783	₱643 less at BDO
24 months	9.25%	₱45,800	10.74%	₱46,142	₱342 less at BDO
36 months	10.00%	₱32,267	16.90%	₱32,472	₱205 less at BDO
48 months	10.25%	₱25,483	23.55%	₱25,740	₱257 less at BDO
60 months	10.50%	₱21,494	30.26%	₱21,710	₱216 less at BDO

BDO: yearly rate on the balance. Metrobank: add-on rate for the whole term. Standard rates.

BDO vs Metrobank, point by point

Point	BDO	Metrobank
Interest rate, brand new	7.50% to 10.50% a year	5.19% to 30.26% add-on
Monthly on ₱1,000,000, 60 months	₱21,494	₱21,710, about 10.9% a year
Down payment	From 20%	Minimum varies by vehicle type
Loan term	Up to 5 years for personal use, 3 years for business use	12 to 60 months
Loan amount	Minimum loan: ₱100,000	Minimum loan: ₱350,000
Second-hand cars	Yes, with its own rates	Not stated by Metrobank
Minimum income	₱50,000 a month (family)	₱40,000 a month (family)
Decision	Within 24 hours	As fast as 3 business days
Fees	DST ₱1.50 per ₱200; LTO encumbrance ₱380; notarial ₱500 a document	DST ₱1.50 per ₱200; notarial ₱300 to ₱400
Late payment	Not stated by BDO	5% a month on the unpaid amount
Paying early	Not stated by BDO	₱7,500 pre-payment processing fee
How to apply	Submit the application form and documents online or at any BDO Loans Center	Apply online, visit your nearest branch, or call the contact center

Documentary stamp tax of ₱1.50 per ₱200 of the loan is a national tax and applies at every bank.

Requirements: BDO vs Metrobank

What each bank asks an employed borrower for. Business owners and OFWs: see each bank's page.

BDO

Completely filled-out application form
Photocopy of one valid ID matching the application, such as driver's license, passport, TIN ID, SSS ID or GSIS eCard

BDO car loan in full

Metrobank

Filled-out and signed Metrobank Car Loan application form
One valid government-issued ID, preferably a passport

Metrobank car loan in full

BDO or Metrobank: questions

Which is better, BDO or Metrobank car loan?

On the same ₱1,000,000 brand new car loan over 60 months, BDO costs ₱216 less a month (₱12,966 over the loan). BDO down payment: from 20%; Metrobank: minimum varies by vehicle type. BDO decision: within 24 hours; Metrobank: as fast as 3 business days.

Which has the lower car loan rate, BDO or Metrobank?

Over 60 months for a brand new car, BDO charges 10.50% a year (₱21,494 a month on ₱1,000,000) and Metrobank 30.26% add-on (₱21,710). Compare the monthly payment, not the rate, when the two banks charge interest differently.

Which needs a lower down payment, BDO or Metrobank?

BDO: From 20%. Metrobank: Minimum varies by vehicle type.

More bank comparisons

Not set on these two? Answer 5 questions to see the three car loans that fit you best.

How we compare car loans.

BDO vs Metrobank car loan 2026