Requirements for PNB Car Loan: List of Documents You Must Submit in Applying

Guide on the Requirements for PNB Car Loan Offer Application

REQUIREMENTS FOR PNB CAR LOAN – Here is a list of the documents that you need to submit in applying for PNB Auto Loan offer.

The Philippine National Bank, a government bank in the country, is one of the entities that you can turn to for car loans. It is open to financing a car purchase whether the vehicle is brand new or pre-owned.

The loan offer of PNB covers several known brands particularly Ford, Honda, Mitsubishi, Nissan, and Toyota. It also covers passenger cars, Asian Utility Vehicles (AUVs), Sports Utility Vehicles (SUVs), pick-up, and van.

With regards to the downpayment, the minimum downpayment is 20% of the selling price of the vehicle. You can pay for the loan from 12 months up to 60 months.

Requirements for PNB Car Loan
Photo Credit: PNB

There are documents you need to submit in applying for PNB Car Loan. These documentary requirements vary depending if you are employed or self-employed. You can check on the details below.

Basic Requirements for PNB Car Loan Application:

  • duly-accomplished and signed PNB Auto Loan Application Form
  • two (2) government-issued valid IDs

Proof of Income:

  • If you are employed…
    • latest Income Tax Return (ITR)
    • Certificate of Employment (COE) indicating your monthly compensation or payslip
  • If you are self-employed…
    • latest Income Tax Return (ITR)
    • business papers with the Department of Trade and Industry (DTI) Registration
    • latest Audited Financial Statements (AFS)
    • Bank Statements in the recent six (6) months

To apply, go to a branch of the Philippine National Bank (PNB) and submit your documents for loan application evaluation. The process may take a few working days. Wait for an update from the bank.

The bank has several other loans offered. You may visit – PNB LOAN: Full List of PNB Loans You May Apply For.

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