Auto Loan (MyWheels)

MyWheels will help you finance your dream car with affordable monthly payments, low downpayment, and a flexible payment term of up to 5 years.

Features at a Glance

  • Counseling. Simply call RCBC Savings Bank! Offering a unique non-banking service -- choose the car you want, and RCBC Savings Bank will source it for you. Sit back and relax, and wait for the car to be delivered right to your doorstep.

  • Affordability. Whether buying a vehicle or refinancing your existing vehicle, enjoy low downpayment options for as low as 20%, and flexible payment terms of up to 5 years.

  • Protection. Whether employed, self-employed, or working overseas, you're covered with a superior auto insurance package from Malayan Insurance Co., Inc.

Minimum loan amount: Php 300,000

Maximum loan amount: Subject to borrower's paying capacity

Interest Rate: Prevailing rate at the time of the loan release

Repayment terms:

  • Maximum 60 months for brand new units

  • Maximum 48 months for second hand units

Repayment Mode: Postdated checks or Auto-Debit from RCBC or RCBC Savings Bank account

Insurance: Comprehensive Insurance

Fees/Charges: Chattel mortgage fees

Who is eligible for the MyWheels Loan?

Individual, self-employed, or corporations

  • Filipino citizen/alien with ACR

  • Between 21-65 years old

  • If married, with marital consent

  • At least 2 years at present residence

  • Permanently employed for 2 years

  • Income 3x monthly amortization

Fleet Financing/Group Plan

  • Brand New Units: up to 80% of selling price

  • Second Hand Units: 50-70% of appraisal value

Application Requirements


  • Accomplished Application Form
  • Certificate of Employment and Compensation
  • Valid Government IDs


  • Accomplished Application Form
  • Copy of last 2 years ITR
  • Latest 2 years Financial Statements


  • Accomplished Application Form
  • Copy of last 2 years ITR
  • Latest 2 years Financial Statements

*For second hand financing, same requirements apply. Unit has to be brought to RCBC Savings Bank Head Office or Provincial Lending Center for appraisal.

Loan Calculator

Got Further Questions?

Call the RCBC Savings Bank Auto Loans department directly at (02) 555-8700 local 7244, 7390, 7229 and 7241

Apply Now

Need a loan to make your dreams come true? It's just a click away!

You will be redirected to the RCBC Savings Bank website ( RCBC Savings Bank is a wholly-owned subsdiary of RCBC.