As one of the Philippines’ major cities, Cebu prides itself with its bustling business centers, accessible suburban areas and scenic countryside. But as with all progressive provinces, heavy traffic is also a common dilemma for many Cebuanos, especially those who have to travel to school or work. Many even consider it’s time get a car.

If you’re one of those people planning to buy a vehicle soon, you have loads of things to thank for if you’re living in the “Queen City of the South.” That’s because almost all banks have branches here, plus the locally-owned ones. This means, you have many car loan options in Cebu.


The best way to take advantage of your options is to get a loan with Loansolutions PH, the country’s widest network of lenders. We have commercial bank and private lending partners who’re just out there waiting for people to reach out to them. Specifically, the following banks are present in the province:


Allied Banking Corp

Asia United Bank

ASPAC Rural Bank

Banco de Oro

Cooperative Bank of Cebu

HongKong & Shanghai Banking Corp. Ltd


Queen City Development Bank

Filipino Savings & Mortgage Bank

Banco Maximo, Inc

Bank of Commerce

Bank of Phil. Islands

Equicom Savings Bank

Lapu Lapu Rural Bank Inc

Philippine National Bank

Robinsons Savings Bank

Banking Corp.

City Savings Bank

Citbank Savings

Chinatrust (Phils.) Commercial Bank

Development Bank of the Philippines

Mindanao Development Bank

Phil. bank of Communications

Phil. Savings Bank

Planters Development Bank

RCBC Savings Bank

The car loans these banks offer usually come at flexi-term ranging from 12 to 60 months. Interest rate varies on the amount you borrow and the term you’ve chosen. Our job here at Loansolutions PH is to help you find a provider offering rates and terms suited to your needs.


Loansolutions.ph has a team of loan consultants experienced in processing car loans with these banks. We will facilitate your application, compare rates and give tips to ensure you’ll land a reasonable auto loan deal. But first, we have some qualifying requirements you need to pass. To get a loan, you must be:

  • At least 21 years old, but should at most be 70 years old when the loan term ends
  • A regularly employed individual with a monthly income of PHP 10K or a self-employed person whose business has been up and running for at least 3 years
  • A citizen of the Philippines, either as a legalized immigrant or by birth

If you identify yourself with all of these criteria, start gathering up your documents as soon as you possibly can. You should have a photocopy of at least 2 valid IDs, especially those government-issued ones such as Voter’s ID, PRC License, Passport, Driver’s License or SSS ID. Submit a copy of your latest payslip (if you’re an employed applicant), a copy of your cash flow statement (if you’re a business owner) and any other papers showing your income streams. All these will help build your borrower credibility and speed up your approval. Proofs of identity and residence, such as Birth Certificate and Residence Certificate, are also needed.

Once we’ve processed your application, just stay in touch with our agents for additional guidance. You need not worry if you’re declined; we can also help you find another lender who can best provide you the auto financing you need, be it for second-hand or brand new car.