Guide on BDO Car Loan Amounts 2025 — A Guide for Clients
BDO CAR LOAN AMOUNT 2025 – You can check here the loanable amounts under the Auto Loan offer of BDO Unibank.
Many people share a common dream of owning a vehicle. Truly, it is different to be having your own wheels — you can drive around and it is also an emergency preparation. You can get to somewhere anytime most especially when an emergency strikes at the wee hours of the day.
However, truth be told that many people cannot afford to make a one-time cash payment for the purchase of a vehicle. Meanwhile, there are several options now just like car loan offers by the different refutable entities.
In the Philippines, one of the trusted entities that offer a car loan to the people is BDO Unibank. The banking entity has millions of clients nationwide and many overseas Filipino workers (OFWs) are also clients of BDO.
Aside from the BDO Housing Loan offer, the bank also has the BDO Car Loan that is ready to finance several purposes and is packed with excellent features. You may apply for it to finance any of the following:
- Purchase of Brand-New Cars including Electric and Hybrid Electric models
- Reimbursement of Brand-New Car Purchase
- Vehicle must not be more than one (1) month old from delivery date of dealer to the owner and with a mileage of less than 2,500 kilometers
- Purchase of Pre-owned Cars
- Year model must not exceed six (6) years upon loan maturity
How much is the BDO Car Loan amount allowed for borrowing? The downpayment and the loan term vary depending on the vehicle if it is brand new or pre-owned but there is a fixed minimum borrowing amount.
The minimum BDO Car Loan amount allowed for borrowing is Php 100,000.00. With regards to the loan term, as mentioned before, it depends if the vehicle financed is brand new or pre-owned. The kind of use is also a factor on the maximum loan tenor which are as follows:
Brand New Cars
- Personal Use — 5 years
- Business Use — 3 years
Pre-Owned Cars
- Personal Use — 4 years
- Business Use — 2 years
There are qualifications in applying for the loan offer. To be eligible to apply for the BDO loan, here are the qualifying requirements that an applicant should meet:
For Locally-Employed Applicants:
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- at least 2 years with current company
For Self-Employed Applicants:
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- at least 2 consecutive profitable years of operation
For Overseas Filipino Workers (OFWs):
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- 2-3 years consecutive employment. Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application
Just like in other car loan offers, there is a downpayment set under the BDO Car Loan.