So what do you really need in order to qualify for car loan in the Philippines? There are currently 2 understandings in the Philippines for the word car loan. The first one is intended for Pinoys looking to buy an auto whether new or used / second hand. This can be done either via car financing or cash but the first option applies to this post. Here, banks and private lending companies are the only options. The second understanding applies for Filipinos looking to apply for private car loan. This is otherwise called as car pawn.
In order to clearly understand it, Auto Loan Philippines will discuss both. Although as per our website / blog, we are more of the car pawning side. We currently stopped catering to buyers of new auto but if you need a 2nd hand unit, whether truck or car, then we may be able to help you.