Maybank Car Loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.Maybank Philippines finances brand-new and used cars, trucks, and refinancing against a car you own, for Filipino citizens aged 18 to 70 at maturity.
- Interest rate, brand new
- 5.43% to 27.30% add-on, 12 to 60 months
- Monthly on ₱1,000,000
- ₱21,217 over 60 months, about 9.9% a year
- Down payment
- 20% minimum
- Loan term
- Up to 60 months (the bank's pages differ: up to 84 months elsewhere)
- Decision
- One-day approval, brand new
Maybank car loan calculator
Pick your car, down payment and term to see the monthly payment at Maybank, the total interest, the one-time charges and what the car costs you in all, and how Maybank compares with the cheapest bank for the same loan.
Example car, ₱1,250,000, 20% down, 60 months. Pick your car or type its price.
₱21,217a month
27.30% add-on for 60 months, about 9.9% a year
- Down payment
- ₱250,000
- Loan
- ₱1,000,000
- Total interest
- ₱273,000
- One-time charges
- Quoted on approval
- What the car costs you
- ₱1,523,000
2 of 8 banks for this loan: ₱250 a month more than UnionBank.
Pay overMonthlyTotal interest
Shorter terms cost more a month and less in total. Tap a term to use it above.
Maybank car loan rates by term
Maybank charges an add-on rate: one figure on the full loan for the whole term, so the rate rises with the term.
| Car | 12 months | 18 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|---|
| Brand new | 5.43% | 7.73% | 10.19% | 15.21% | 20.66% | 27.30% |
| Monthly on ₱1,000,000, brand new | ₱87,858 | ₱59,850 | ₱45,913 | ₱32,003 | ₱25,138 | ₱21,217 |
Standard rates from Maybank's rate table dated March 2025. Regular brand new rates. The sheet is dated March 2025.
Maybank vs other banks
On the same ₱1,000,000 brand new car loan over 60 months, Maybank costs ₱21,217 a month: ₱250 more than UnionBank, the lowest.
BankMore a month than the lowestMonthly
Maybank Auto Loan: features
- Approval time, brand new
- One day
- Used cars
- 20% down payment, up to 60 months; the unit must be 1 to 10 years old
- Processing time, used cars
- 3 days
- Refinancing
- Your car as collateral, even if almost 10 years old: up to 60% of appraised value, up to 24 months, 3 days
- Trucks
- 4 to 10-wheelers, brand new, reconditioned or surplus: up to 80% of appraised value, up to 60 months, 3 days
- Loan calculator
- Maybank's Monthly Installment Calculator only offers 12, 18, 24 or 36 month terms and computes a flat add-on estimate (loan plus loan times rate times term, divided by term); it can't model the 48 or 60 month terms Maybank's own rate table covers.
Maybank's own pages differ on maximum loan term, brand-new car: Up to 60 months on the New Cars product page; Up to 84 months in Maybank's Auto Loan program rate PDF, for the New-to-Bank, Existing-to-Bank and Premier Wealth add-on rate tiers. Confirm with the branch before you apply.
Who can get a Maybank car loan
Maybank's rules differ by how you earn. Pick yours.
- Filipino citizen
- 18 years old when applying, up to 70 when the loan matures
- No adverse records
- Non-probationary employment; probationary applicants need a substantial credit bureau record
- Business in operation for at least 2 years
Maybank car loan requirements
Tick each document as you gather it, then print the list for your branch visit.
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How to apply for a Maybank car loan
- Go to the nearest Maybank branch or lending center
Maybank car loan fees and terms
What Maybank charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.
- Chattel mortgage fee
- Varies by loan amount and location; example ₱25,000 on an ₱800,000 loan in Metro Manila except Marikina
- Insurance premium
- Varies by unit price; example ₱23,898.76 with service fee on a ₱1,000,000 unit
- Release fee
- ₱1,000 for each fully settled account
- Pre-termination
- Ask Customer Service for the pay-off amount, given within 7 banking days; the release fee applies
- Late payment
- 5% a month on any unpaid monthly installment
- Rate change
- The interest rate can be repriced with 60 days' written notice
- Collection charges
- Collection fees at least 25% (₱10,000 minimum); attorney's fees at least 25% of principal (₱30,000 minimum); liquidated damages 20%
- Selling the car without consent
- Penalty of ₱50,000 or 50% of the unpaid balance, whichever is higher
- Insurance
- Comprehensive cover with an insurer acceptable to the bank for the whole loan
- Payment method
- Auto-debit or postdated cheques
Maybank car loan hotline and contact
- Phone
- (02) 8588-3888
- PLDT toll-free
- 1800 10 588 3888
- mpi.customerservice@maybank.com
Maybank car loan questions
What is the Maybank car loan interest rate?
Maybank's brand new car loan rates run from 5.43% to 27.30% add-on, for 12 to 60 months. On ₱1,000,000 over 60 months that is ₱21,217 a month.
How much is the down payment for a Maybank car loan?
20% minimum.
How long is Maybank car loan approval?
One-day approval, brand new, once your documents are complete.
What are the requirements for a Maybank car loan?
Signed application form; 2 valid IDs for the borrower and spouse, or the authorized signatory; Latest ITR; Used cars: copy of LTO registration, plus the original registration and official receipt for inspection.
What is the interest rate for a car loan at Maybank?
Maybank's March 2025 rate table for brand-new cars runs 5.43% at 12 months to 27.30% at 60 months. Separate add-on rate tiers apply depending on whether you're new to the bank, an existing depositor, or a Premier Wealth client.
Can I get a car loan from Maybank?
Yes. Maybank Auto Loan covers Brand New Car Loans, Used Car Loans, Auto Loan Refinancing and Truck Loans, each with its own down payment and term.
What documents are required to apply for a car loan?
You'll need a signed application form, 2 valid IDs, your latest ITR, and either a certificate of employment showing income if you're salaried, or business registration papers and 3 months of bank statements if you're self-employed.
How do I calculate my car loan amount?
Maybank's online Monthly Installment Calculator only supports 12 to 36 month terms and computes a flat add-on estimate. For 48 or 60 month loans, use the stated rate table directly or ask a branch for a quotation.
How to check Maybank car loan application status?
Maybank does not state a self-service online tracker; call (02) 8588-3888 or the PLDT toll-free 1800 10 588 3888, or email mpi.customerservice@maybank.com.
Compare before you apply
Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.
