Bank of Commerce
About Bank of Commerce
Bank of Commerce traces its origins to the Overseas Bank of Manila, which opened in Binondo in 1963. Its banking range includes financing for households and businesses.
Company background
Auto Loan
Bank of Commerce finances new-car purchases. Request a breakdown of the deposit, financed amount and vehicle-related charges before committing to a dealer.
Loan amountFrom ₱100,000
Term12–60 months
Interest rateIndividual quote
Who can apply
Open application
Documents
- Government ID, six months of bank statements, latest billing statement and dealer quotation.
- Employment and income evidence, or business documents for self-employed applicants. OFWs provide contract and remittance records.
Repayment and costs
- Published term range is 12–60 months. The approved amount depends on the vehicle and assessment.
- Confirm the collection method and due dates in the signed facility documents. Keep the repayment account funded and retain payment records separately from dealer or property-sale receipts.
Home Loan
Bank of Commerce offers financing for property purchases, construction on an owned lot, home improvements and refinancing.
Loan amountFrom ₱500,000
Term10–20 years
Interest rateFrom 7% per year
Who can apply
Open application
Documents
- Identification, photographs, three months of bank statements and applicable civil-status documents.
- Employment or business income records. Overseas workers should prepare their contract and remittance evidence.
Repayment and costs
- The published repayment range is 10–20 years. Property assessment and purpose affect the approved financing.
- Confirm the collection method and due dates in the signed facility documents. Keep the repayment account funded and retain payment records separately from dealer or property-sale receipts.
If you cannot repay on time
Contact the bank’s loan servicing team with your account number and a realistic payment proposal. Ask how any revised schedule affects interest, security and insurance obligations before accepting it.
Repayment help