In short
The one DBP vehicle program named in search results, PASADA, finances public utility vehicle modernization for transport cooperatives and corporations, not personal car purchases. DBP states no terms for it either.
A bank car loan on ₱1,000,000 over 60 months starts at ₱20,967 a month at UnionBank, one of 8 banks confirmed on this site.
- DBP individual car loan
- Not confirmed either way; dbp.ph did not respond
- DBP vehicle program found in search results
- PASADA, for public utility vehicle modernization, not individuals
- Rate, term, down payment for any DBP car loan
- Not confirmed
Is there a DBP car loan for individuals?
Neither a yes nor a no is confirmed. DBP's personal banking and salary loan pages, and its Citizen's Charter document, state nothing about an individual car loan.
They do not even carry a line saying no such product exists. DBP also runs a program called PASADA, aimed at public utility vehicle modernization for transport cooperatives and corporations rather than an individual car buyer.
DBP states no rate, term or eligibility for it either.
No rate, term, down payment, income rule or document list appears below, because DBP states none. A DBP car loan figure you may have seen elsewhere has no source that traces back to dbp.ph.
It is not repeated here on faith.
If you specifically need a DBP loan
The most reliable step is to call or visit a DBP branch directly and ask whether an individual auto loan exists today. DBP's own site states nothing on the subject.
No figure from any other site should be treated as DBP's.
3 of 3 still to check
A car loan with a confirmed rate today
While DBP's own terms stay unconfirmed, several banks carry a current car loan you can compare right now. Landbank, another government bank, sets its down payment as low as 5% for depositors.
BPI starts its down payment at 15%, with a 60-month add-on rate of 31.01%, working out to ₱21,835 a month on ₱1,000,000. The car loan calculator lines up all 8 banks for the same loan amount and term.
On that ₱1,000,000 loan over 60 months, add-on rates at the 7 that quote one currently span 25.80% to 32.52%.
| Bank | Minimum down payment | 60-month add-on rate | Monthly payment |
|---|---|---|---|
| Landbank | As low as 5% for depositors | See the calculator for its current rate table | See the calculator |
| BPI | 15% | 31.01% | ₱21,835 |
Landbank's own rate table sits on a separate government-bank page; use the calculator for its current figures rather than assuming DBP and Landbank share terms.