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Car Loan Providers in the Philippines (2026)

Compare car and Grab-driver loan providers in the Philippines by APR, loan amount, and term. Embedded-fintech lenders that install a remote GPS kill-switch are flagged so you can see exactly what you would be agreeing to before the bank and digital-bank alternatives. Last updated June 18, 2026.

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Before you sign a car loan, check for a GPS kill-switch. Global Mobility Service Philippines finances cars through its MCCS IoT device, which lets the lender remotely disable your vehicle's engine on a missed payment — without a court process — and the device is not owned by the borrower. GMS is registered with the SEC but is not a BSP-supervised financial institution, so borrowers fall outside the BSP Consumer Assistance Mechanism. The alternatives listed below do not install a remote kill-switch. Read the MCCS explainer →

⚠️ Kill-Switch Car Financing

Global Mobility Service PH⚠️ Kill-switch GPSDevice not yours

MCCS IoT device installed in vehicle; lender can remotely disable engine on missed payment. Device not owned by borrower.

APR: 36–72%
₱50,000 – ₱500,000
12–36 mo

Alternatives below have no remote engine-kill capability.

✓ Car Loan Alternatives — No Kill Switch

Landbank OFW LoanBSP Regulated

Lowest rates in the market for OFWs. Requires OWWA membership.

APR: 7.5–10%
₱100,000 – ₱2,000,000
12–60 mo
Security Bank Personal LoanBSP Regulated
APR: 12–26.4%
₱30,000 – ₱2,000,000
12–36 mo
BDO Personal LoanBSP Regulated
APR: 13.2–25.8%
₱10,000 – ₱1,000,000
6–36 mo
BPI Personal LoanBSP Regulated
APR: 14.4–25.6%
₱20,000 – ₱2,000,000
12–36 mo
CIMB Bank PH Personal LoanBSP Regulated
APR: 14.4–26.4%
₱30,000 – ₱1,000,000
12–60 mo
Tonik Bank LoanBSP Regulated

100% online. No branch visits. OFW-friendly.

APR: 15.6–26.4%
₱5,000 – ₱250,000
6–24 mo
GoTyme Bank LoanBSP Regulated
APR: 18–28.8%
₱5,000 – ₱500,000
3–24 mo

See every provider side by side on the full PH loan rate comparison →

Frequently Asked Questions

Which car loan providers in the Philippines use a GPS kill-switch?

Global Mobility Service Philippines finances vehicles — including cars used for Grab — through its MCCS IoT device, which lets the lender remotely disable the engine on a missed payment. The borrower does not own the device. The banks and digital banks listed on this page do not install a remote kill-switch.

Can a Grab driver get car financing without a GPS kill-switch?

Yes. Traditional banks, digital banks, and OFW / government loan programs offer car financing without requiring a lender-controlled remote engine-kill device. These are BSP-regulated and listed above by APR.

Is Global Mobility Service Philippines a BSP-regulated car lender?

No. Global Mobility Service Philippines is registered with the SEC but is not a BSP-supervised financial institution, so its borrowers are not covered by the BSP Consumer Assistance Mechanism that applies to banks.

What is the lowest car loan APR in the Philippines in 2026?

Bank car and personal loans generally start in the low-to-mid teens APR, well below embedded-fintech vehicle loans that can run from roughly 36% to 72% APR. Compare the current ranges in the table above before signing.

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