Loan Guide

Best Car Loan Rates in Makati

Compare car loan rates from 200+ bank branches in Makati (the PH financial capital). Top lenders include all major banks headquartered here. This guide lists current 2026 rates, branch locations, and the fastest approval channels for Makati-based car buyers.

Interest Rate

Varies by lender

Loan Term

12 – 60 months

Down Payment

20%

Processing

3 – 7 business days

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)

Filled-out auto loan application form

Pros & Cons

Advantages

200+ bank and lender branches available in Makati for auto loan applications.
Top banks (all major banks headquartered here, all major banks headquartered here) offer rates from 5.35–7% p.a. in Makati.
Online applications accepted by UnionBank, BPI, and AutoDeal for Makati residents.
Dealer-arranged financing at Makati showrooms takes 1–2 days for approval.
Makati's expressway access (NLEX, SLEX, Skyway) drives strong vehicle demand.

Drawbacks

Some branches may have limited auto loan staff — call ahead to confirm availability.
Used car loan options are fewer outside Metro Manila dealerships.
Processing may take 1–2 extra days if documents need to be forwarded to a regional hub.
Income requirements (₱25,000–₱50,000/month) remain the same regardless of city.

Frequently Asked Questions

Which bank has the lowest car loan rate in Makati?

In Makati, the lowest rates are typically from RCBC (5.35% p.a. promo), Metrobank (5.49% p.a.), and Landbank (6% p.a. for government employees). Rates vary by branch and borrower profile.

How many bank branches offer auto loans in Makati?

Makati has 200+ bank and financing company branches offering auto loans. Major lenders like all major banks headquartered here all have multiple branches in the area.

Can I apply for a car loan online in Makati?

Yes, UnionBank, BPI, and AutoDeal accept fully online auto loan applications from Makati residents. Physical branch visits are needed only for document verification and signing.

What is the average car loan approval time in Makati?

Most banks process auto loan applications within 3–7 business days in Makati. Dealer-arranged financing can be approved in 1–2 days.

Do Makati car dealerships help with loan applications?

Yes, authorized dealerships in Makati have financing specialists who can submit your application to multiple banks simultaneously. This is often faster than applying directly at a bank branch.

₱10,000/Month Car Loan Options Philippines

Varies by lender

₱15,000/Month Car Loan Options Philippines

Varies by lender

20% vs 30% Down Payment Car Loan

Varies by lender

₱20,000/Month Car Loan Options Philippines

Varies by lender

₱25,000/Month Car Loan Options Philippines

Varies by lender

₱30,000/Month Car Loan Options Philippines

Varies by lender

All Car Loans

Requirements

Pros & Cons

Advantages

Drawbacks

Frequently Asked Questions

Other Loan Guide Providers

Get Pre-Approved Today