Car 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
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Share Basic Details
Share personal details along with loan requirements and the details of the vehicle for which the loan is to be obtained.
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Input Loan Requirement
If the customer approves the system-generated loan details, they can fill in personal detail & fulfil other information requirements.
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Submit Documents to the Bank
Upload all required documents to the Bank for approval.
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Leave the rest to us
Loan disbursal process initiated.
Car Loan Calculator
Calculate the monthly EMI based on car loan amount, Tenure and Interest rate
*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 car buyers.
Car 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
FAQ’s on Car Loan in Philippines
What is a car loan?
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A car loan is taken by a person for purchasing a car. The lender can be a bank or financial institution which will lend money to the applicant in the form of new/used car loans. A car loan is required to be repaid by the borrower with interest over a predetermined timespan.
What is the eligibility criteria to apply for a car loan in the Philippines?
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To apply for a car loan, one must need to fulfill the following eligibility criteria -
- Filipino citizenship
- Age between 21 to 65 years
- Jointly, monthly income of at least Php 30,000 (Php 40,000 for some banks)
- OFWs with a related or qualified Filipino citizen or co-maker or guarantor
- Foreign applicant with a qualified co-maker/Filipino citizen guarantor