DTI rolls out ₱2-B e-Transport Loan for Pperators and Drivers

The Department of Trade and Industry (DTI), through its attached agency Small Business Corporation (SBCorp), launched a ₱2-billion E-Transport Loan Program on April 21, 2026, aimed at helping small transport operators transition to electric vehicles.

The initiative is designed to support transport stakeholders amid rising fuel costs while promoting cleaner, more efficient, and sustainable mobility. (Photo: Philippine News Agency)

The initiative is designed to support transport stakeholders amid rising fuel costs while promoting cleaner, more efficient, and sustainable mobility, DTI-SBCorp said.

The agency added that charging infrastructure is also being expanded nationwide to support the expected increase in electric vehicle adoption.

The loan program is open to transport network vehicle service (TNVS) operators and drivers with valid authorization from the Land Transportation Franchising and Regulatory Board (LTFRB) and proper business registration.

Applicants affiliated with platforms such as Grab Philippines, JoyRide Philippines, and inDrive may qualify, subject to documentation requirements.

Borrowers may access up to ₱1.5 million per vehicle, with a cap of ₱3 million, payable over a maximum of five years under competitive terms.

Eligible applicants must:

• Hold valid and current LTFRB authority, including a Certificate of Public Convenience, Provisional Authority, or equivalent permit for the unit to be financed; 

• Be duly registered as a sole proprietor, partnership, or corporation with relevant agencies such as the DTI or Securities and Exchange Commission, and possess a valid local business permit; 

• If affiliated with transport network companies, ensure that the loan is extended to the individual operator or registered fleet entity, not the platform; 

• Provide certification or a statement of account from the platform confirming active status and trip history; 

• Apply as the direct borrower, as transport network companies are not eligible. 

Applications opened April 21 through the SBCorp Money app under the E-Transport Loan section.

DTI-SBCorp said the program includes a one-year grace period on both principal and interest payments.

The loan carries an interest rate of 1% per month on a diminishing balance basis, equivalent to an effective annual rate of about 6.7%. Interested applicants are encouraged to visit the SBCorp website, call its hotline, or seek assistance through DTI regional offices and Negosyo Centers.