Financing Company
First Circle Auto Loan
First Circle Auto Loan extends vehicle credit lines to registered businesses for fleet acquisition. First Circle is a fintech lender regulated by the SEC, specializing in SME credit.
Interest Rate
10% – 24% p.a.
Loan Term
6 – 36 months
Down Payment
20%
Processing
2 – 3 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)
TIN (Tax Identification Number)
Photocopy of vehicle documents (OR/CR for used cars)
Pros & Cons
Advantages
- Rates from 10% p.a. offered for qualified applicants.
- Down payment starts at 20%, reducing the upfront cash barrier.
- Repayment terms of 6 – 36 months allow flexible monthly budgeting.
- Approval within 2 – 3 business days is fast compared to traditional bank channels.
- First Circle is a fintech lender regulated by the SEC, specializing in SME credit.
Drawbacks
- Maximum rate of 24% p.a. is higher than top-tier bank auto loan rates.
- Loan terms max at 36 months — shorter than the 60-month ceiling at major banks.
- Down payment of 20% may still be a barrier for first-time buyers on a tight budget.
- Processing of 2 – 3 business days depends on full submission of requirements.
Frequently Asked Questions
What are the First Circle Auto Loan interest rates in 2026?
First Circle Auto Loan rates range from 10% – 24% p.a.. The exact rate depends on your credit profile, loan amount, and chosen repayment term.
How do I apply for First Circle Auto Loan?
You can apply at a branch or through the provider website. Prepare a valid ID, proof of income, and proof of billing address before starting.
What is the minimum down payment for First Circle Auto Loan?
The minimum down payment is 20% of the vehicle price. A higher down payment reduces both monthly amortization and total interest paid.
How long does First Circle Auto Loan approval take?
Expect approval within 2 – 3 business days. Complete and accurate documentation speeds up the process.
Can I use First Circle Auto Loan for expressway-ready vehicles with RFID?
Yes, any vehicle financed through First Circle Auto Loan can be equipped with Autosweep or Easytrip RFID. Most dealerships install RFID stickers at no extra cost during vehicle release.