PNB AUTO LOAN: Minimum & Maximum Loanable Amounts + Interest Rates

Guide on the Minimum & Maximum Loanable Amounts Under the PNB Auto Loan & the Interest Rates

PNB AUTO LOAN – Here is a guide on the minimum and maximum loanable amounts under the car loan of the Philippine National Bank (PNB) and the interest rates.

One of the turn-tos if you want to have your own vehicle but don’t have the cash to pay for it are the bank loans. Several banks in the Philippines offer car loans including the Philippine National Bank (PNB).

The car loan or auto loan offered by the said bank is entitled as Sure Wheels Auto Loan. It features the following:

• Low Interest Rates
• Low Downpayment
• Easy Payment Terms
• Quick Approval
• Convenience in Payment

Based on the official website of the Philippine National Bank, the PNB Auto Loan is open for applicants who are 21 years old and above but not older than 65 years old.

You can apply for the PNB Auto Loan for the purpose of purchasing a brand new or a second-hand vehicle. The minimum and the maximum loanable amounts and as well as the interest rates may vary.

Brand New Vehicles

• Minimum Loanable Amount: Php 300,000
• Maximum Loanable Amount: Up to 80% of the cash list or purchase price

Interest Rates:

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

Second-Hand Vehicles

• Minimum Loanable Amount: Php 150,000
• Maximum Loanable Amount: Up to 75% of the appraised value

Interest Rates:

• 12 Months
  • EIR – 12.40%
  • AOR – 7.97%
• 18 Months
  • EIR – 13.82%
  • AOR – 11.29%
• 24 Months
  • EIR – 14.01%
  • AOR – 15.25%
• 36 Months
  • EIR – 14.20%
  • AOR – 23.39%
• 48 Months
  • EIR – 15.05%
  • AOR – 33.70%

For the requirements in applying for PNB Auto Loan, visit – PNB LOANS: List of PNB Loan Offers & the Requirements in Applying.