• PNB Car Loan

    PNB Car Loan

    Established in 1916 as a Government bank, Philippine National Bank (PNB) has come a long way in its hundred years of existence offering a wide range of banking services across the Philippines. Fully privatized today, PNB has become one of the largest commercial banks in the Philippines providing extensive financial services to corporate firms, retail customers, middle market, small and medium enterprises. The Philippine National Bank has an assortment of banking products to offer to a retail customer, with Philippine National Bank car loans being the most popular in the Philippines.


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

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    PNB Car Loan Minimum Age

    At least 21 years old

    PNB Car Loan Maximum Age

    Less than 65 years old

    PNB Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PNB Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your PNB Car Loan amount eligibility is based on these factors

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    PNB Car Loan Minimum Salary

    No Info

    PNB Car Loan Maximum Loan to Value

    Loan capped @
    80% of the cash list or purchase price

    PNB Car Loan Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligibility for Bank Car Loan amount by these steps

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    PNB Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    PNB Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an PNB Car Loan

    • 1.Duly filled auto loan application form
    • 2.Latest Income Tax Return Statements
    • 3.Documentation for salaried applicants:
      • Copy of Certificate of Employment
      • Photocopy of last 3 months pay slip
    • 4. Documentation for self Employed applicants:
      • Photocopy of DTI registration
      • Copy of Latest bank statements
      • Copy of Audited Financial Statements of the past year

    PNB Car Loan DetailsUpdated on 06 Dec 2016

    PNB Car Loan Details
    Interest Rate 5.29% -28.10%
    Margin of Finance 80% of the cash list or purchase price
    Tenure 5 years

    About Philippine National Bank

    Though PNB is a public listed company now with a widespread clientele, it continues to maintain an excellent banking relationship with the Philippines Government by managing significant Government accounts for local and national government agencies and corporations. PNB is majorly involved in commercial banking activities like trade finance, foreign exchange, deposits, lending, fund transfers, retail banking and treasury operations.

    Features of a Philippine National Bank Car Loan

    Be sure with ‘Sure Wheels’ car loans from the Philippine National Bank. Customers in the Philippines can rest assured that their new car investment using a Philippine National Bank car loan would give them the best of returns. Customers can easily apply and avail for a Philippine National Bank car loan, which is offered at low interest rates and down payments, flexible repayment terms and as an added bonus - instant loan approvals from the bank.

    • Customers can obtain Philippine National Bank car loans for all makes and models of new cars.
    • Philippine National Bank car loans are available with loan tenures up to 60 months.
    • PNB has a loan amount spectrum falling between a minimum of up to 80% of the purchase value of the car to a maximum of up to Php 300,000.
    • PNB car loans can be repaid as easy monthly installments.
    • Customers can opt to pay their monthly payments by arranging automatic debits from their bank accounts or by issuing post dated checks.
    • Borrowers also need to take a comprehensive car insurance policy for their newly financed cars.

    Interest rates for a PNB Car Loan

    Brand New Cars

    Term Brand New
    EIR AOR
    12 Months 9.36% 5.29%
    18 Months 9.54% 7.72%
    24 Months 9.74% 10.46%
    36 Months 9.94% 16.05%
    48 Months 10.03% 21.80%
    60 Months 10.18% 28.01%

    Second Hand Cars

    Term Second Hand
    EIR AOR
    12 Months 12.40% 7.97%
    18 Months 13.82% 11.29%
    24 Months 14.01% 15.25%
    36 Months 14.20% 23.39%
    48 Months 15.05% 33.70%
    60 Months NA NA

    Eligibility

    • Individuals aged between 25 to 65 years are eligible to apply for a Philippine National Bank car loan with the borrower’s age not exceeding 65 at the time of the car loan maturity.
    • Salaried professionals and businessmen need to be employed for atleast a period of two years to be eligible for a PNB car loan.
    • Filipino citizens and non-Filipino citizens can apply for a car loan with Philippine National Bank.
    • Partnership firms and corporate companies are also eligible for a Philippine National Bank car loan.

    Documents required

    Employees in Philippines

    • Latest Income Tax Return Statements
    • Certificate of Employment including the individual’s salary details

    Overseas Filipino Workers

    • Proof of Remittance
    • Latest Contract of Employment

    Self-employed Businessmen

    • Latest Income Tax returns
    • Audited financial statements
    • Last three months’ bank account statements
    • Business Ownership papers

    Partnership firms and Corporations

    • Articles of Incorporation and By-Laws
    • SEC Certificate of Registration
    • Last three months’ bank account statements
    • Secretary's Certificate
    • Partnership Resolution in the PNB prescribed format
    • Latest Income Tax returns
    • Audited financial statements

    Other Products from PNB

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