In-house Financing
BYD Finance Philippines
Buyers of BYD vehicles can apply for BYD Finance Philippines directly at any authorized dealership. Interest rates range from 7% – 12% p.a., with a 20% down payment requirement and repayment periods of 12 – 60 months. BYD EV buyers save on fuel costs — charging an Atto 3 costs roughly ₱3/km vs ₱8/km for gasoline.
Interest Rate
7% – 12% p.a.
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)
Latest 3 months bank statements
Certificate of Employment with compensation details
Post-dated checks (PDCs) covering the loan term
Pros & Cons
Advantages
- Rates from 7% p.a. are arranged directly at the BYD dealership — no separate bank visit needed.
- Down payment as low as 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 3 – 7 business days is faster than most bank channels.
- Dealer-exclusive promos (free accessories, insurance, or PMS) are often bundled with financed units.
Drawbacks
- Maximum rate of 12% p.a. on longer terms exceeds rates at the lowest-cost banks.
- Financing is limited to BYD vehicles — you cannot use it for other brands.
- Pre-termination penalties of 3–5% of remaining balance may apply.
- Used BYD vehicles are typically not eligible under this in-house program.
Frequently Asked Questions
What is the BYD in-house financing rate in 2026?
BYD Finance Philippines 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 BYD Finance Philippines online?
Most BYD 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 BYD Finance Philippines require?
The minimum down payment is 20% of the vehicle selling price. Higher down payments reduce your monthly amortization and may qualify you for a lower interest rate.
Does BYD Finance Philippines cover used cars?
BYD Finance Philippines primarily finances brand-new BYD units purchased from authorized dealers. For used BYD vehicles, you would typically need to apply through a bank auto loan.
What is the fastest way to get approved for a BYD car loan?
Prepare all required documents (valid ID, income proof, billing proof) before visiting the dealership. Complete applications with 20% or higher down payment are often approved within 3 – 7 business days.