Car loan requirements in the Philippines 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.You need a valid ID, proof of income and a signed application. What counts as proof depends on how you earn. Each list below shows which banks ask for it, from their own requirement pages.
Documents required
- Certificate of employment with salaryBDO, BPI, Metrobank +8 more
- Valid government ID (two at most banks)BPI, Metrobank, Security Bank +7 more
- Latest ITR or BIR Form 2316BDO, Metrobank, Security Bank +6 more
- Payslips, usually the last 3 monthsBDO, BPI, Metrobank +5 more
- Signed application formSecurity Bank, RCBC, EastWest +3 more
- Proof of billing addressRCBC, UnionBank, China Bank +1 more
- Dealer's quotation for the carSecurity Bank
- Latest ITR with financial statementsBDO, BPI, UnionBank +3 more
- Business registration: DTI, SEC or mayor's permitBDO, BPI, UnionBank +2 more
- Audited financial statements, 2 to 3 yearsBDO, UnionBank, PNB +2 more
- Bank statements, 3 to 6 monthsBDO, BPI, PNB +1 more
- Trade referencesBPI, UnionBank, China Bank
- Proof of remittance, 3 to 6 monthsBDO, BPI, Metrobank +2 more
- Employment or crew contract (POEA contract for seafarers)BDO, BPI, Metrobank +2 more
- Payslips for the last 3 monthsBDO, BPI, Metrobank +1 more
- PassportBPI
Who can apply
- At least 21 years old when you apply (18 at BPI, Metrobank and Maybank)BDO, Security Bank, RCBC +3 more
- No older than 65 to 70 when the loan endsBDO, BPI, Security Bank +4 more
- Income of ₱30,000 to ₱50,000 a month, depending on the bankBPI, Metrobank, EastWest +1 more
- At least 2 years with your employer (1 year at RCBC and PNB)BDO, Metrobank, Security Bank
- Regular or permanent employmentEastWest, PNB, Maybank
- Business operating at least 3 years (2 at Maybank); Metrobank wants 3 profitable yearsMetrobank, PNB, Maybank
- At least 2 straight years working abroadRCBC
- A qualified Filipino guarantor or co-makerSecurity Bank
- Document lists for OFWs and seafarers (see Documents)BDO, BPI, Metrobank +2 more
- Foreign nationals can applyBDO
- Foreigner living in the Philippines at least 1 year, or with a Filipino co-makerEastWest
- Foreigner based in the Philippines with a valid ACRPNB
- Foreign nationals married to a FilipinoUnionBank
- SRRV holders and other visa types, with passport and ACR I-CardMetrobank
Requirements by bank
A blank means the bank does not state it; ask at the branch.
| Bank | Age | Minimum income | Decision |
|---|---|---|---|
| BDO | 21 to 70 at the end of the loan | ₱50,000 a month, family | Within 24 hours |
| BPI | 18 to 70 at the end of the loan | ₱30,000 a month, household | |
| Metrobank | 18 and up | ₱40,000 a month, family | As fast as 3 business days |
| Security Bank | 21 to 65 at the end of the loan | 1 banking day, brand new | |
| RCBC | 21 at application, up to 70 at the end of the loan | 1 day | |
| EastWest | 21 to 70 at the end of the loan | ₱40,000 a month, individual | Within a day, with complete documents |
| UnionBank | 21 to 65 | ||
| PNB | 21 to 65 at the end of the loan |
Source: each bank's car loan or requirements page, read 27 September 2026. Banks are required by the BSP to give you a disclosure statement with the full cost of the loan before you sign.
Questions
What are the requirements for a car loan in the Philippines?
A valid government ID, proof of income and a signed application form. For employed borrowers that means a certificate of employment with salary (asked by 11 of the banks compared here), payslips and the latest ITR or BIR 2316. Most banks also set an age range and a minimum income.
What is the minimum salary for a car loan?
BDO ₱50,000 a month, family; BPI ₱30,000 a month, household; Metrobank ₱40,000 a month, family; EastWest ₱40,000 a month, individual. Other banks set it case by case.
Can OFWs get a car loan?
Yes. BDO, BPI, Metrobank, Security Bank and China Bank list OFW documents: proof of remittance for 3 to 6 months and an employment or crew contract. Security Bank also asks for a Filipino co-maker, and RCBC for 2 straight years abroad.
Next: find the loan that fits you or check an application you already sent.