BPI auto loan calculator online in the Philippines in 2025. How to figure out an auto loan yourself?
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Customers can use an auto loan calculator available on the BPI auto loan website to estimate the loan amount for a car. Users are required to input certain information in the appropriate areas of the calculator, like the car's purchase price, loan tenure, and down payment they wish to make. As a consequence, the output will be immediately displayed on the screen.
The BPI auto loan calculator is a free online-based tool that helps users to estimate the monthly payment for their auto loan. The BPI has provided free access for everyone to simplify their search for loans. Users can use this application to estimate the amount of a car loan for which they are eligible. It also shows the amount financed with the monthly amortization.
You can utilize the services of this tool to explore the expected car loan amount. You could figure out the total amount of money the bank will provide you by changing the values of the different fields. The increase in the loan period would decrease your monthly obligation, but the total amount to be paid would increase.
The BPI auto loan calculator is easy to use. You only need to input the information asked in the calculator, and your eligible loan amount will be displayed. The following steps are required to use the calculator:
Visit the BPI auto loan website.
Under Quick links, click on Loan calculator.
Enter the price of the car, downpayment, and loan tenure at the suitable places within the application.
Click Compute.
Your results are going to be displayed immediately.
The inputs are the user’s details required by the calculator to estimate the loan amount and the monthly payments. The BPI auto loan calculator requires the following items:
Purchase price. The car's purchase price refers to the value at which the car is available for sale.
Down payment. The down payment is defined as a sum of money which is the initial payment for anything, with the remainder of the money to be paid later. In this calculator, the initial payment to be made has been specified as a percentage, and its range is between 15% and 50% of the total cost of the car. The greater the down payment, the less you borrow. For example, let’s say you purchase a car worth ₱1,000,000 and you pay a 20% down payment, i.e., ₱200,000 (20/100 x ₱1,000,000), you will have to take a loan of ₱800,000, whereas if you pay 50%, the loan amount reduces to ₱500,000.
Payment terms. This refers to the time you have to repay the debt. The longer the loan term, the lower your monthly payment, but the higher the total amount paid. In this calculator, you can have a loan tenure of anywhere from 12 months to 60 months.
The outputs are the outcomes of the tool's data analysis. The BPI auto loan calculator displays the following values.
Selling price. The selling price is the price the user pays to purchase an item or object. This is the same as fed by the user within the purchasing price of the car segment in the calculator.
Downpayment. The calculator has determined this value from the percentage down payment you have selected in the input section. It is the amount you want to pay by yourself.
Amount financed. The amount financed is the amount that the user receives. This amount is generally equal to the amount left after deducting any finance charges, like a down payment.
Monthly amortization. This can be described as a payment of an amount equal to the outstanding amount to be paid in monthly installments.
The tools are simple to use and require no unique talents. Some of the functions are as below:
Percentage. A percentage is a relative quantity that represents one-hundredth of a sum. As we know, 100% of a thing represents the whole quantity. Similarly, 1% denotes one-hundredth part of that quantity. For example, 1% of ₱10,000,000 equals 1/100 of ₱10,000,000 or ₱100,000. This function is required to calculate your monthly payment.
Addition. It is the process of determining the total, or sum, by adding two or more variables. The calculator uses this function throughout the computation process, like adding the principal amount and interest (P+I).
Subtraction. This refers to the process of removing or deducting one variable from another. The calculator uses this function to calculate the financed amount. For example, to calculate the loan amount, the downpayment is subtracted from the car's purchase price (DP-S).
Raise to power. It is defined as raising a variable to a pre-assigned power. Powers are equivalent to repeated multiplication, just as multiplication is equivalent to repeated addition. This auto loan calculator also utilizes this.
Division. This refers to the process of cutting something into parts or groups. To estimate the monthly amortization, the calculator uses this function to divide outstanding amounts by the number of months.