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Auto Loan Made Easy Only at Zigwheels

  • Lowest Interest Rates
  • Lowest down payment
  • Fast & safe process

How do I Apply?

Follow these steps to get a Quick, Simple and Hassle-Free loan on your vehicle

  • Share Basic Details

    Share personal details along with loan requirements and the details of the vehicle for which the loan is to be obtained.

  • Input Loan Requirement

    If the customer approves the system-generated loan details, they can fill in personal detail & fulfil other information requirements.

  • Submit Documents to the Bank

    Upload all required documents to the Bank for approval.

  • Leave the rest to us

    Loan disbursal process initiated.

Auto Loan Calculator

Calculate the monthly EMI based on vehicle loan amount, Tenure and Interest rate

  • Car Loan
  • Used Car Loan
  • Motorcycle Loan
Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Please Select City, Brand and Model
Loan Tenure
Estimated Monthly EMI
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

*The base price (Total cost) is calculated subject to the price of the popular models available in your selected area

Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Lending Partners

We are associated with numerous known and reputed auto financial institutions in the Philippines that provide assistance to vehicle buyers.

Vehicle Loan Eligibility & Documents Required

  • Eligibility
  • Documents
  • Filipino citizen between the age of 21 - 65 years, however, not exceeding 65 years at the time of loan maturity
  • A joint monthly income of at least Php 30,000 (Php 40,000 for some banks)
  • Any salary earning individuals, sole proprietorship, partnership firm, self-employed individuals, public listed companies, private limited companies can apply for a car loan
  • Filipinos working or living in other country as OFWs with a related or qualified citizen or guarantor or co-maker
  • Foreigners living or working in the Philippines endorsed by the company with a qualified co-maker/Filipino citizen guarantor
For Individual
  • Duly accomplished loan application form
  • Valid government issued I.D. with signature and photo (Passport, Driver’s License, SSS ID, PRC ID)
  • Latest proof billing
  • Three months of pay slip
  • Certificate of Employment (CoE) with compensation
  • Latest Income Tax Return (ITR)/ BIR Form 2316
For Corporate
  • Latest Income Tax Return
  • Latest proof of addition income (stock certificates, lease contracts, and/or certificate of deposits)
  • Latest financial statements (Statement of Assets & Liabilities, Statement of Income & Expenses, Audited Financial Statements, bank statements, and photocopy of passbook for last three months)
  • Certificate of Business Registration with DTI for entities with SEC or sole proprietorship (if under partnership/corporation)
For broad working individual (OFW)
  • Proof of remittance (last three months or more)
  • Latest crew contract for individuals working as a Seafarer/Seaman
  • Latest employment contract authenticated by the Philippine Consulate

Automotive News and Reviews

Latest News

FAQ’s on Vehicle Loan in Philippines

What is a car and motorcycle loan?

    A car and motorcycle loan helps a buyer with the purchase of the preferred vehicle. The lender can be either a bank or a financial institution which will lend money to the applicant. The loan is required to be repaid by the borrower with interest over a predetermined time period.

What are the advantages of taking car and motorcycle loans?

    There are several advantages of taking a loan when planning on buying a car or a motorcycle. It is even better than purchasing the commodity in cash. Some of the advantages of taking a loan are - easy equated monthly installments, no need to provide any collateral, builds credit history, along with insurance & road tax benefits.

What cars and motorcycles can be purchased on loan?

What are the eligibility requirements for getting a car and motorcycle loan?

    To apply for a loan in the Philippines, one needs to fulfill the following eligibility criteria -
  • Age between 21 to 65 years
  • Good credit score
  • Applicant must be employed or have a regular income source from a legitimate business
  • Filipinos working or living in other country as OFWs ( with a related or qualified citizen or guarantor or co-maker)
  • Foreigners living or working in the Philippines (endorsed by the company with a qualified co-maker/Filipino citizen guarantor)

What documents are needed for loan applications?

    Following documents are required to submit with a loan application in PH -
  • Proof of Billing
  • At least two valid IDs
  • Certificate of Employment
  • Latest Income Tax Return/BIR Form 2316
  • Three month of Pay slip

How much down payment must be paid by a car or motorcycle loan applicant?

    Be it either a financing institution or a bank, a loan applicant needs to settle at least 20% of the preferred vehicle’s price upfront as a down payment.
  • In case of motorcycle, it’s a Minimum of 10% based on SRP for regular/solo bike and a Minimum of 30% based on SRP for big bike.

What is the interest rate for a car and motorcycle loan in the Philippines?

    The average interest rate for a car loan in the Philippines ranges from as low as 6.56% to 31.76%. For motorcycle, on the other hand, the interest rate can range from 8.83% to 27.84%.
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