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BDO auto loan calculator online in the Philippines in 2022. How to figure out an auto loan yourself?

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BPI

BPI

BDO

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Calculation according to the vehicle value

Calculation according to the loan amount

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Fill out an application for an auto loan!

Take advantage of our auto loan selection system with a free credit rating check!

The BDO auto loan calculator available on the BDO website determines what loan offers are suitable for different individuals in terms of their budget. Users are to input the type of car they intend to purchase, the loan term, vehicle price, etc. In return, the calculator calculates your monthly amortizations.

The BPO auto loan calculator functions to help customers pick whichever loan package is suitable for them by assisting them in understanding what exactly they're getting into so far as the loan is concerned. The calculator makes an estimate of how much it would take to pay back a loan, revealing how much you would have to pay as interest as well as the minimum monthly payment for your selected loan term. Customers who are interested in taking an auto loan can access the loan calculator through the bank's website.

The BDO auto loan calculator is quite simple to use and understand. Just fill in the correct details, and your monthly payment will display. To use the calculator, follow these simple guidelines.

Visit the banks' websitel.

On the left part of your screen, click on

**Personal**and then on**Loans**.Then click on

**Auto loan**.After that click on the

**Loan calculator**tab.You will see a calculator where you will have to input your loan details.

Enter the vehicle type and the loan term. Then you can enter any one of the following details: vehicle price, monthly income, or the desired monthly payment and it will show the results automatically.

Inputs for the auto loan calculator refer to the information the tool requires to compute your auto loan details. The device requires the following information:

**Vehicle type.**An auto loan applicant is to indicate the type of vehicle they intend to purchase in the calculator. Two categories of cars are available on the calculator: brand new or pre-owned. Brand new means you are getting the car as the first-ever owner, and pre-owned means second-hand.**Vehicle price.**This is the price of the automobile the loan applicant intends to purchase. This input is vital to the calculations as it determines a lot of outputs.**Loan term.**Another required input of the auto loan calculator is your preferred loan term. A loan term, as we know, is the period chosen for the repayment of the acquired loan. Typically, longer loan terms are characterized by fewer monthly amortizations but higher overall interest paid. Meanwhile, for shorter loan terms, the opposite is the case. The bank offers loan terms of 60, 48, and 36 months.**Monthly income.**An applicant for this auto loan is to disclose his monthly income. For a BDO auto loan, one special requirement is a minimum monthly income of ₱50,000.**Desired monthly payment.**You're to suggest how much you will conveniently pay as your monthly amortizations.

The outputs are the result of the tool's calculations based on your inputs. Below are the outputs of the BDO auto loan calculator:

**Down payment amount.**A down payment is a percentage of your loan that you pay upfront for the product you intend to acquire with a loan. Depending on the applicant's choice, down payments could be 20, 30, or 40 %, but they must be paid to meet the loan requirement—your income and vehicle price influence down payment amounts.**Loan amount.**The loan amount is the amount of money you owe or are likely to owe a lender at any given time. Underpaid principal, interest on unpaid principal, missed payments, interest on missed fees, other charges, and interest on other charges may be included in the loan amount.**Monthly amortizations.**Amortizations refer to the amount a loan taker must pay in lieu of his loan on a monthly basis. This is determined by the total loan amount, prevailing interest rates, and selected loan terms.**Interest rates.**The applicants' selected loan terms generally determine interest rates. As stated earlier, longer loan terms have increased interest rates compared to shorter terms.

The loan calculator tool is straightforward for navigation, no special talents are demanded, and no unique functions are available. Some functions of BDO auto loan calculators are:

**Percentage.**A percentage quantity represents one-hundredth of a sum. Because 1% represents the hundredth portion, 100% represents the entire amount, and 200% represents double the specified quantity. For example, 1% of ₱10,000,000 equals 1/100 of ₱10,000,000 or ₱100,000, whereas 20% of the amount equals 20/100 of ₱10,000,000 or ₱2,000,000. When computing your monthly payments and interests, the calculators employ percentages.**Division.**The mathematical tool of division is employed to arrive at the amount payable as monthly amortizations. Monthly amortization is determined by spreading out the total loan across the selected loan term.**Addition****.**Refers to the process of determining the total by adding two or more variables. (must be on the consent of all the variables). The calculator uses this function throughout the computation process.