Bank
AUB Auto Loan
AUB Auto Loan auto loans cover brand-new and pre-owned cars priced up to ₱2,000,000. Rates range from 7.5% – 16% p.a., repayment runs 12 – 48 months, and the minimum equity is 25%. AUB (Asia United Bank) caters primarily to SME owners and salaried professionals.
Interest Rate
7.5% – 16% p.a.
Loan Term
12 – 48 months
Down Payment
25%
Processing
5 – 7 business days
Maximum loan amount: ₱2,000,000
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)
Post-dated checks (PDCs) covering the loan term
2 x 2 ID photo
Pros & Cons
Advantages
- Rates start at 7.5% p.a. — attractive among Philippine bank auto loans.
- Maximum financing of ₱2,000,000 covers most new vehicles on the market.
- Loan terms up to 48 months keep monthly payments as low as ~₱54,167/month.
- Minimum down payment of just 25% reduces upfront cash needed.
- Applications accepted at 200+ branches.
Drawbacks
- Maximum rate of 16% p.a. applies to used cars or longer terms.
- Requires at least 25% down payment — on a ₱2,000,000 vehicle that means ₱500,000 cash upfront.
- Processing takes 5 – 7 business days, slower than some dealer-arranged financing.
- Minimum gross monthly income requirement of ₱30,000 excludes entry-level earners.
Frequently Asked Questions
What is the AUB auto loan interest rate in 2026?
AUB auto loan interest rates range from 7.5% – 16% p.a. depending on the vehicle age, loan term, and borrower profile. Shorter terms and brand-new vehicles typically qualify for the lower end of the range.
How much down payment does AUB require for a car loan?
AUB requires a minimum down payment of 25% of the vehicle's selling price. For example, on a ₱1,000,000 car the minimum equity is ₱250,000.
How long does AUB auto loan approval take?
AUB auto loan applications are typically processed within 5 – 7 business days. Having complete documents ready at the time of application speeds up the release.
Can I use a AUB auto loan for a used car?
Yes, AUB finances both brand-new and pre-owned vehicles. Used car loans may carry higher rates (closer to 16% p.a.) and the vehicle must generally be no older than 8 years at loan maturity.
What documents do I need for a AUB auto loan?
You will need a valid government ID, proof of income (latest 3 months payslips or ITR), proof of billing address, and a completed application form. Self-employed applicants must also submit DTI/SEC registration and audited financial statements.