In-house Financing
Honda Cars Finance
Honda Cars Finance provides dealer-arranged financing on all Honda models in the Philippines. Rates run 7.5% – 13% p.a. with 20% minimum down payment and terms of 12 – 60 months. Honda dealers in Metro Manila and key cities offer instant pre-qualification.
Interest Rate
7.5% – 13% p.a.
Loan Term
12 – 60 months
Down Payment
20%
Processing
2 – 5 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)
Post-dated checks (PDCs) covering the loan term
Pros & Cons
Advantages
- Rates from 7.5% p.a. are arranged directly at the Honda 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 2 – 5 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 13% p.a. on longer terms exceeds rates at the lowest-cost banks.
- Financing is limited to Honda vehicles — you cannot use it for other brands.
- Pre-termination penalties of 3–5% of remaining balance may apply.
- Used Honda vehicles are typically not eligible under this in-house program.
Frequently Asked Questions
What is the Honda in-house financing rate in 2026?
Honda Cars Finance rates range from 7.5% – 13% p.a. depending on the model, loan term, and down payment amount. Promo rates may be lower during sales events.
Can I apply for Honda Cars Finance online?
Most Honda 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 Honda Cars Finance 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 Honda Cars Finance cover used cars?
Honda Cars Finance primarily finances brand-new Honda units purchased from authorized dealers. For used Honda vehicles, you would typically need to apply through a bank auto loan.
What is the fastest way to get approved for a Honda 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 2 – 5 business days.