Skip to content
Car Financing Guide

How does car financing work in the Philippines?

Car financing lets qualified buyers pay for a vehicle through monthly installments instead of paying the full price upfront.

1. Choose the vehicle and financing type

Start with the unit you want to buy or refinance. AutoTrustPH assists with used car loans, brand-new car loans, truck and bus financing, and Sangla OR/CR inquiries.

2. Prepare your documents

Most applicants need valid IDs, proof of income, billing or address details, and vehicle documents when applicable. Requirements vary for employed, OFW, self-employed, and corporate applicants.

3. Submit for partner review

Your inquiry is reviewed based on the vehicle, budget, income documents, down payment, preferred term, and partner bank or financing company requirements.

4. Compare the estimated monthly payment

Use the calculator to test different down payments and loan terms. The calculator is a planning estimate, not a final approval quote.

5. Complete approval and release

After approval and complete requirements, the final amount, payment term, insurance, fees, and release timing are confirmed by the reviewing partner.

View RequirementsUse Calculator

Frequently Asked Questions

What is Sangla OR/CR?

It is a type of loan where your car's OR and CR are used as collateral. You can still use your car while your loan is being processed.

Do I need to surrender my car?

No. AutoTrustPH lets you keep and continue using your car. We only hold the OR/CR documents as collateral.

What vehicles are accepted?

We accept SUVs, sedans, pickups, and trucks from 2015 onwards. Motorcycles may be reviewed separately.

How much can I loan?

You can borrow up to 70% of your car's appraised value. The final amount depends on vehicle year, brand, condition, and review.

How fast is the approval?

Assessment is usually done on the same day. Loan release typically happens within 1 to 2 business days after submitting complete requirements.

Tell us what vehicle or loan you need

Send your vehicle details, budget, documents, or calculator estimate. AutoTrustPH will review and help you choose the next step.