In-house Financing
Mitsubishi Motors Finance
Mitsubishi Motors Finance provides dealer-arranged financing on all Mitsubishi models in the Philippines. Rates run 7% – 12% p.a. with 15–20% minimum down payment and terms of 12 – 60 months. Mitsubishi runs periodic all-in low DP promos on the Xpander and Mirage.
Quick Facts
7% – 12% p.a.
Interest Rate
15–20%
Min. Down Payment
12 – 60 months
Loan Term
2 – 5 business days
Processing Time
Requirements
- Valid government-issued ID (passport, driver's license, or UMID)
- Proof of income (latest 3 months payslips or ITR)
- Proof of billing address (utility bill dated within 3 months)
- Photocopy of vehicle documents (OR/CR for used cars)
- TIN (Tax Identification Number)
- Post-dated checks (PDCs) covering the loan term
Pros & Cons
Pros
- Rates from 7% p.a. are arranged directly at the Mitsubishi dealership — no separate bank visit needed.
- Down payment as low as 15–20% lowers the cash outlay versus most bank-required 20–30%.
- Loan terms of 12 – 60 months give flexibility to match your monthly budget.
- Approval in 2 – 5 business days is faster than most bank channels.
- Dealer-exclusive promos (free accessories, insurance, or PMS) are often bundled with financed units.
Cons
- Maximum rate of 12% p.a. on longer terms exceeds rates at the lowest-cost banks.
- Financing is limited to Mitsubishi vehicles — you cannot use it for other brands.
- Pre-termination penalties of 3–5% of remaining balance may apply.
- Used Mitsubishi vehicles are typically not eligible under this in-house program.
Frequently Asked Questions
What is the Mitsubishi in-house financing rate in 2026?
Mitsubishi Motors Finance rates range from 7% – 12% p.a. depending on the model, loan term, and down payment amount. Promo rates may be lower during sales events.
Can I apply for Mitsubishi Motors Finance online?
Most Mitsubishi dealerships accept online inquiries and can pre-qualify you remotely. Final document submission and signing are done at the dealership.
How much down payment does Mitsubishi Motors Finance require?
The minimum down payment is 15–20% of the vehicle selling price. Higher down payments reduce your monthly amortization and may qualify you for a lower interest rate.
Does Mitsubishi Motors Finance cover used cars?
Mitsubishi Motors Finance primarily finances brand-new Mitsubishi units purchased from authorized dealers. For used Mitsubishi vehicles, you would typically need to apply through a bank auto loan.
What is the fastest way to get approved for a Mitsubishi car loan?
Prepare all required documents (valid ID, income proof, billing proof) before visiting the dealership. Complete applications with 15–20% or higher down payment are often approved within 2 – 5 business days.