In short
Metrobank names vans among its eligible collateral outright, alongside SUVs and passenger cars. Its rates, updated 5 June 2026, run 10.44% to 10.93% effective over 36 to 60 months.
Toyota's own site quotes a Hiace Cargo at ₱1,249,000 for a stated ₱22,704 a month. Nissan's RCBC financing table prices a base Urvan 2.5 C at ₱1,280,000 for ₱26,394 a month.
Both figures come from the brand's own stated numbers, rather than a bank rate card.
- Van-specific bank rate
- None stated by any lender compared
- Metrobank van eligibility
- Vans named explicitly alongside passenger cars, SUVs and AUVs of known brands
- Metrobank rate (60mo, in arrears)
- Add-on 30.26% / effective 10.93%, as of 5 June 2026
- Security Bank UV Express / shuttle van financing
- Business Auto Loan: 30% down, 12 to 36 months
- Cheapest new van (catalogue price)
- Mitsubishi L300 Cab & Chassis, ₱829,000
Is there a special van loan, or does a van use the regular car loan?
A van uses the regular auto loan at every bank compared. Metrobank's own FAQ names "passenger cars, vans, Sports Utility Vehicles (SUVs), or Asian Utility Vehicles" together as brand-new collateral it accepts.
It states no van-specific rate, term or down payment. Security Bank's FAQ lists "utility vans" among the Light Commercial Vehicles its regular auto loan and its Business Auto Loan both cover.
BPI's passenger-car rate table applies to a van the same way it applies to a sedan. That means 15% minimum down payment and up to 5 years.
It also means an effective rate of 10.94% to 11.19% from 36 to 60 months for a brand-new unit. Nothing in BPI's, RCBC's or China Bank's own stated terms singles out a van for a different rate.
| Lender | Down payment | Term | Effective rate (60mo, brand new) |
|---|---|---|---|
| Metrobank | As low as 20% | 12 to 60 months | 10.93% (in arrears, as of 5 Jun 2026) |
| BPI | As low as 15% | 12 to 60 months | 11.19% |
| RCBC | 20% (Auto Loan); 0% (Flexilite) | 12 to 60 months (up to 96, Flexilite) | Rate basis unlabelled; calculator only |
| EastWest | 20% | 12 to 60 months | Basis unlabelled |
Financing a van for business: UV Express, shuttle, school or cargo use
Metrobank allows business use "case to case," but limits it to utility vehicles and light trucks such as the Mitsubishi L300 FB and Isuzu NKR. It also explicitly excludes taxi or ridesharing use.
Security Bank's Business Auto Loan is more specific. It names rent-a-car, taxi, UV Express and shuttle service, TNVS, and school or company service among the accepted uses.
It sets a minimum 30% down payment, 12 to 36 months, and a credit decision in 1 to 2 days once documents are complete.
A van operator running an LTFRB franchise needs a different document set from a personal buyer. BPI's requirements page asks transport operators for the LTFRB franchise decision covering all units, and the OR and CR of every unit.
It also asks for authorization letting the bank verify the franchise with LTFRB directly. The base paperwork any personal borrower needs sits at car loan requirements; financing a vehicle for business use covers the wider business-use picture beyond vans.
- Confirm the use case with the lender
Metrobank excludes taxi and ridesharing; Security Bank's Business Auto Loan names UV Express, shuttle, TNVS and school service as accepted uses.
- Prepare the franchise papers
BPI asks for the LTFRB franchise decision, the OR and CR of every unit under it, and a signed authorization for LTFRB verification.
- LTFRB franchise decision
- OR and CR of all units
- Authorization letter
- Meet the higher down payment
Business-use vans need 30% down at Security Bank and BDO, against 15% to 20% for personal use.
How much is the monthly payment on a van?
Two brands state their own van monthly figures directly, separate from a bank's rate card. Toyota's site prices a Hiace Cargo at ₱1,249,000 MSRP for a stated ₱22,704 a month, and a Commuter at ₱1,534,000 for ₱27,885.
At the top of the range, a Super Grandia Elite runs ₱3,464,000 for ₱62,967 a month. Toyota does not state the down payment, term or rate behind these figures.
Nissan's financing table, run through RCBC, prices a base Urvan 2.5 C manual at ₱1,280,000. That comes with an all-in down payment of ₱155,000 and a 60-month payment of ₱26,394.
A Premium automatic at ₱2,115,000 runs ₱43,611 a month on the same 20%-down, 60-month basis.
For a van without a brand-stated figure, the standard bank rate applies. A Mitsubishi L300 Cab & Chassis at its official ₱829,000 price with 20% down needs a ₱663,200 loan.
That runs on Metrobank's 60-month in-arrears rate of 10.93% effective. That works out to roughly ₱14,398 a month.
The same loan at BPI's 60-month rate runs closer to ₱14,481. These are worked examples from each bank's own stated add-on rate, not a bank-stated van figure.
Run your own van's price against every bank on the car loan calculator.
- Toyota Hiace Cargo, MSRP
- ₱1,249,000 (Toyota's own stated ₱22,704/mo, basis undisclosed)
- Toyota Super Grandia Elite, MSRP
- ₱3,464,000 (Toyota's own stated ₱62,967/mo, basis undisclosed)
- Nissan Urvan 2.5 C MT, all-in
- ₱1,280,000 SRP, ₱155,000 down, ₱26,394/mo at 60 months (RCBC financing table, 20% down)
- Mitsubishi L300 Cab & Chassis, worked example
- ₱829,000 price, 20% down, ~₱14,398/mo at Metrobank 60mo (our calculation on Metrobank's stated rate)
Use the car loan calculator to run your own van's price against every bank's stated rate side by side.
Live van financing promos, and when they end
Three brand promos ran on vans through September and October 2026. Nissan's "Exciting Drives, Exclusive Deals" promo ran August 7 to September 30, 2026, under DTI Fair Trade Permit No. FTEB-264534.
Hyundai's Staria and H-100 cash discounts are worth ₱25,000 to ₱350,000 depending on variant and model year, plus a ₱20,000 to ₱50,000 fuel rebate. That promo ran September 3 to 30, 2026 under DTI FTEB-266328.
Mitsubishi Motors Financial Philippines ran "Go From Dream to Drive," waiving up to ₱15,000 in fees on a minimum ₱500,000, 36-month personal-use loan. That promo ran from July 24 to October 23, 2026.
Every one of these has an end date. If you are reading this after a promo's stated close, treat its numbers as historical and ask the dealer what has replaced it.