PNB vs Landbank car loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.PNB and Landbank side by side: rates, down payment, requirements and how to apply, with a calculator for your car.
PNB vs Landbank, point by point
| Point |  PNB |  Landbank |
|---|---|---|
| Down payment | Minimum 20% of the car price | As low as 5% of the SRP net of dealership discounts |
| Loan term | 12 to 72 months in the calculator (the lender's pages differ: the application form lists 12 to 60 months and Others) | Not stated by Landbank |
| Loan amount | Minimum loan: ₱300,000 | Up to 95% of the SRP net of dealership discount; no peso cap stated |
| Second-hand cars | Not stated by PNB | Yes |
| Decision | Not stated by PNB | Credit recommendation takes 3 banking days; approval up to 1 to 3 banking days by approving level. These are stages, not end to end |
| Fees | PNB lists them on the disclosure statement | Security interest fees (DST, processing, registration and notarial) at release |
| How to apply | Visit a PNB branch | Apply online through the LANDBANK Online Loan Application Facility (OLAF) and choose Vehicle Loan |
Documentary stamp tax of ₱1.50 per ₱200 of the loan is a national tax and applies at every bank.
Requirements: PNB vs Landbank
What each bank asks an employed borrower for. Business owners and OFWs: see each bank's page.
PNB
- Completely filled-up and signed application form
- One valid government ID such as PhilSys ID, driver's license, passport or UMID
- Register on the Personal Property Security Registry (PPSR) and send a screenshot of My Account to your Account Officer
Landbank
- Accomplished loan application form with a 1x1 ID photo
- Certificate of Employment with Compensation
- Valid government-issued ID
- Proof of utility billing
PNB or Landbank: questions
Which is better, PNB or Landbank car loan?
PNB and Landbank differ on down payment (Minimum 20% of the car price vs As low as 5% of the SRP net of dealership discounts) and decision time (Not stated by PNB vs Credit recommendation takes 3 banking days; approval up to 1 to 3 banking days by approving level. These are stages, not end to end). PNB quotes its rate when you apply, so ask for it in writing to compare.
Which needs a lower down payment, PNB or Landbank?
PNB: Minimum 20% of the car price. Landbank: As low as 5% of the SRP net of dealership discounts.
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- BPI vs Security Bank
- BPI vs UnionBank
- Metrobank vs BPI
- Metrobank vs RCBC
- Metrobank vs Security Bank
- PSBank vs EastWest Bank
- RCBC vs UnionBank
- Security Bank vs Maybank
Not set on these two? Answer 5 questions to see the three car loans that fit you best.