Car loans

Yes. Our comparison includes lenders such as BDO that finance eligible pre-owned cars. The car’s age, condition and accepted selling channel can affect eligibility. Have the lender assess the exact vehicle before committing to the purchase.

Do not assume full financing. Ask for the approved financed amount and calculate the cash deposit you must provide.

Some lenders assess qualifying combined family income, including BDO in our comparison. They may require supporting documents and another applicant to join the agreement. Confirm whose income counts and who will be responsible for repayment.

Prepare identification, employment details and evidence of earnings. Depending on the bank, this can include payslips, an employment certificate and tax records. Check the company profile and complete the bank’s current checklist before submitting.

Budget for comprehensive insurance unless your lender confirms otherwise. BDO, for example, requires it for financed vehicles. Ask about the first premium, annual renewal, required coverage and whether you can choose the insurer.

Not always. Ask the dealer and lender to separate the vehicle price, registration, financing charges and insurance. Add every required upfront payment to your deposit when working out how much cash you need.

A longer term can lower installments while increasing total interest. Compare the total financed cost and budget for maintenance alongside repayments.

Ask the bank about releasing the original vehicle and mortgage documents, plus any cancellation process and fees. Keep the settlement confirmation.

No. Pesopal compares car borrowing options and published information. The lender or programme administrator assesses your application and issues the offer. Changing our filters does not submit an application or guarantee eligibility.

Check the vehicle price, deposit, insurance, fees and full repayment schedule on the lender’s official website or app, then confirm your written offer.