• PBCOM Car Loan

    PBCOM Car Loan

    PBCOM, established in 1939, remains a bank that both enhances and values the lives and living standards of its clientele. Currently, PBCOM is managed by a progressive bunch of individuals supervised by Chairman Eric Recto and President cum CEO, Nina Aguas.


    You’re probably eligible for an PBCOM Car Loan if you are

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    PBCOM Car Loan Minimum Age

    At least 21 years old

    PBCOM Car Loan Maximum Age

    Less than 65 years old

    PBCOM Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PBCOM Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your PBCOM Car Loan amount eligibility is based on these factors

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    PBCOM Car Loan Minimum Salary

    Minimum income required
    P40,000 per month

    PBCOM Car Loan Maximum Loan to Value

    Loan capped @
    80% of the Appraised Value

    PBCOM Car Loan Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible PBCOM Car Loan amount by these steps

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    PBCOM Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    PBCOM Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an PBCOM Car Loan

    • 1.Duly filled application form
    • 2.Photocopy of ID cards(Any two with signature) authenticated by the government
    • 3.Documentation for salaried applicants:
      • Original copy of Certificate of Employment
      • Photocopy of last full month pay slip
      • Photocopy of latest income tax return statement
    • 4. Documentation for self Employed applicants:
      • Photocopy of Business Registration
      • Copy of the bank statements of last 3 months.
      • Copy of Audited Financial Statements of the past year

    PBCOM Car Loan DetailsUpdated on 05 Dec 2016

    PBCOM Car Loan Details
    Margin of Finance P10,000,000 or 80% of the Appraised Value
    Tenure 5 years

    About Philippine Bank of Communications

    The bank has gone through a tremendous revolution that mirrors its new corporate outlook, helped by an Oriental dragon - an ageless emblem of supremacy, power and affluence. On its 75th year in 2014, PBCOM took itself to another level by going all-out to provide top notch customer service, thereby magnifying its network to absolve the changing needs of the masses.

    PBCOM Car Loan

    PBCOM reiterates that this is a good time to purchase car, particularly if you are thinking of using an auto loan, which is what almost every buyer does. Consumers with decent credit can benefit some of the lowest interest rates at this juncture. You may apply for a PBCOM car loan if you want to own that brand new car you have been eying for a while, a second hand car or to refinance an existing one.

    You can get up to 1 crore php if it is 80 percent of the total road price of the car. But for used cars you can avail only 70 percent of the original price or the current price as stated by the owner. The loan terms are so varied that it is easy for you to repay it in smaller amounts without straining your regular monthly budget. That is, for new cars you can take from one to five years to repay the loan but you cannot take more than 4 years to repay the loan for a second hand vehicle.

    The exact interest rates can be found directly from your nearest PBCOM branch and yes, it will be fixed throughout the loan tenure. If the interest rates happen to fall considerably, you can always refinance it in order to save on interest.

    Eligibility Criteria of PBCOM Car Loan

    • The age of applicant should be between 21 and 65, but he/ she should not be older than 65 upon the proposed loan maturity date.
    • The applicant can be a Filipino National, a Filipino citizen working abroad or a foreigner living in Philippines with a PR visa or with work permit.
    • People who are employees, freelance workers, professionals, self-employed or entrepreneurs can apply for a PBCOM Car Loan. You can also apply if you are an investment partner in any organization or on behalf of a corporation.
    • The least family income expected to approve the loan is 40,000 php per month (for purchasing a new car)
    • The family income required is 50,000 php if you were to buy a second hand or used car.

    PBCOM Bank requires you to submit the following documents when applying for a car loan.

    Documents Requirement for Car Loan

    For a Salaried Employer

    • A duly filled out PBCOM car loan application form
    • Offer letter with details of remuneration as well as the latest compensation details in case of promotion or hike
    • Duplicate copies of most recent income tax return papers or Form 2316
    • Duplicate copies of at least 2 valid photo and signature bearing ID cards authenticated by the government
    • Pay slips of the previous three months

    For an Entrepreneur, Freelancer or Professional

    • A duly filled out PBCOM car loan application form
    • Duplicate copy of business registration
    • References and contact info of at least 3 customers or suppliers
    • Duplicate copies of at least 2 valid photo and signature bearing ID cards authenticated by the government
    • Previous year’s income tax returns papers, audited financial declarations and statements, latest bank statements

    For Corporates

    • A duly filled out PBCOM car loan application form
    • Duplicate copy of the SEC registration, Articles of Integration and By-Laws & General Information Sheet
    • References and contact info of at least 3 customers or suppliers
    • Duplicate copies of at least 2 valid photo and signature bearing ID cards authenticated by the government
    • Previous year’s income tax returns papers, audited financial declarations and statements, latest bank

    Further documents required for second hand or used car:

    • A duplicate copy of the Certificate of Registration
    • Duplicate copy of the Official Receipt of the car being bought
    • LTO Blue Form Stencil

    Please note that the aforementioned five year tenure is applicable only for the purchase of brand new cars. Also, the PBCOM Auto Loan tenure for second hand cars can differ based on the car model and the year in which it is bought.

    Other Products from PBCOM

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