Guide on the PBCom Auto Loan Interest Rates & the Fees Set by Bank
PBCOM AUTO LOAN INTEREST RATES – Here are the interest rates and fees implemented by PBCom under the loan offer.
One of the most excellent car loan offers in the Philippines is the PBCom Auto Loan which can finance the acquisition of brand new cars, SUVs, LCVs, light trucks, heavy trucks, and big bikes as well as second-hand cars, SUVs, LCVs.
Under the loan offer, a qualified borrower may be granted a Php 10 million-loan depending on certain factors including the selling price of the vehicle and the financial capacity of the borrower. For brand new vehicles, the loan can be repaid for up to five (5) years thus there is really an option for light monthly installments.
With regards to the maximum loan term for second-hand vehicles, it depends on the year model of the vehicle. The PBCom Auto Loan interest rates are dependent on the type of vehicle financed by the loan offer. Here’s a guide:
CARS, LCVs, SUVs
| Term (Months) | Add-On Rate | |
| Brand New | 12 | 7.99% |
| 18 | 11.37% | |
| 24 | 15.08% | |
| 36 | 23.61% | |
| 48 | 32.48% | |
| 60 | 42.35% | |
| Used / Pre-Owned | 12 | 10.26% |
| 24 | 19.07% | |
| 36 | 28.91% | |
| 48 | 41.11% |
Brand New Light Trucks (4 and 6 wheelers)
| Term (Months) | Add-On Rate |
| 12 | 9.12% |
| 18 | 13.48% |
| 24 | 18.50% |
| 36 | 28.91% |
| 48 | 41.11% |
| 60 | 55.20% |
Brand New Heavy Trucks
| Term (Months) | Add-On Rate |
| 12 | 11.98% |
| 24 | 23.73% |
| 36 | 36.18% |
| 48 | 0.01% |
Brand New Big Bikes (Motorcycle)
| Term (Months) | Add-On Rate |
| 12 | 10.53% |
| 24 | 14.62% |
| 36 | 20.19% |
| 48 | 30.71% |
Aside from checking on the PBCom Auto Loan interest rates, it is important to also check on the fees and charges implemented under the loan offer. Here are the fees that clients must be aware of:
- Appraisal Fee — P1,500 for pre-owned vehicles
- Documentary Stamp Tax (DST) — P1.50 for every P200 of approved loan amount
- Chattel Mortgage (ChM) — Registration fee with Registry of Deeds (RD) computed based on approved loan amount
- Comprehensive Third Party Liability (CTPL) Insurance — Computed based on unit price
- Processing Fee — P5,000
- Notarial Fee — P500
