The Department of Trade and Industry (DTI), through the Small Business Corporation (SBCorp), has set aside PHP2 billion to finance small transport operators and drivers who hold business licenses and wish to transition to electric vehicles.
In a statement, the DTI said that borrowers can access loans of up to PHP1.5 million per vehicle, with a maximum limit of PHP3 million per borrower. The loan is payable over five years and includes a grace period on both principal and interest for up to one year.
Interested borrowers may apply online starting Tuesday, April 21, 2026, by downloading the SBCorp Money app on their mobile phones and selecting the E-Transport Loan icon.
Applicants may visit the SBCorp website at sbcorp.gov.ph or coordinate with DTI offices and Negosyo Centers nationwide.
