RCBC auto loan calculator online in the Philippines in 2025. How to figure out an auto loan yourself?
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An auto loan calculator available on the website of Rizal Commercial Banking Corporation allows users to estimate their auto loan monthly payments. The system will compute your down payments once you provide basic information such as the selling price, loan term, and down payments.
With the help of this tool, anyone can calculate their prospective vehicle loan. You can estimate the total loan amount by adjusting the selling price, loan period, and down payments. Your monthly payment reduces, but the total loan amount grows as the loan time increases.
The monthly payment of the auto loan can be estimated using a tool provided by Rizal Commercial Banking Corp. It can calculate the whole amount with an interest rate and minimum monthly payments. The calculator is applicable for both brand new and pre-owned auto loans. This tool is freely available on the Rizal Commercial Banking Corp website.
The Rizal Commercial Banking Corp auto loan calculator is simple and easy to use. Your monthly payment will appear once you enter your information accurately in the spaces given. Follow the steps below to use the calculator:
Visit the Rizal Commercial Banking Corp website.
In the right upper corner, click on Personal and then click on Auto loans.
Go down and you will see an option to Calculate your loan.
Input the vehicle’s selling price, your preferred loan period, and set the downpayment percentage as per your requirement
Your monthly payment will be displayed immediately.
Rizal Commercial Banking Corporation auto loan calculator needs specific information to determine the monthly payments for an auto loan. We refer to these data as inputs. The following information is required to estimate your loan specifics.
Loan type. The auto loan calculator from Rizal Commercial Banking Corp. offers three different lending options: low monthly amortization, flexible and worry-free insurance coverage for the entire loan term, and free insurance coverage for the first year of your loan term, free chattel mortgage fees, and a low downpayment. You have to choose any one of them to further process.
Vehicle type. You can select Brand-new under the title Vehicle type if you wish to buy a new car. If you want to buy a pre-owned vehicle, you can continue with Preowned.
Selling price. The automobile you intend to purchase has a selling price that reflects its market value. Other fees may include administrative and registration fees.
Loan period. It is the period you have to pay back the car loan. The longer the loan term, the lower your monthly payment, but the higher the overall interest paid. Your monthly loan payment will be more, and your total interest paid will be less the shorter the loan term you have.
Downpayment. The percentage of the sales price you pay upfront before obtaining a loan is called the down payment. The down payments mainly determine the monthly payment. The higher the percentage for a downpayment, the lower the total money you have to repay. You can select from a minimum of 20% to a maximum of 80%.
The outputs are the results of the tool's user data analysis. The following output generated from the Rizal Commercial Banking Corp auto loan calculator
Total loan amount. It is the amount that you have to pay in monthly installments. The total amount is the whole sum of the loan.
Downpayment. This is the downpayment that you choose earlier in the percentage format. Here you'll see the exact amount.
Interest rate. In the interest rate section, you can see the total interest on your auto loan. The market and the prospective vehicle have a significant effect on interest rates.
Monthly payment. The auto loan calculator at Rizal Commercial Banking Corp determines this monthly payment. The Rizal Commercial Banking Corporation auto loan calculator determines this monthly amount. The EMI amount will be displayed when the essential data has been entered, including the loan amount, loan term, and interest rate. It shows how much you will be expecting to pay each month.
Anyone can use the Rizal Commercial Banking Corp auto loan calculator because it is simple and has some unique functions like:
Percentage. A percentage can be described as a fraction of 100. For example, 15% of ₱10,000,000 is equal to ₱1,500,000. This function is needed in order to calculate your monthly payment.
Raise to power. To put it simply, raising something to a certain power means multiplying the given power a number of times. Just as we may think of multiplying as repeated addition, we can also assume powers to be repeated multiplication. This function is used by the tool for calculating the power of the loan term, [(1+R)^N].
Division. This refers to the act of dividing anything into sections or factions, or one of the completely separate parts or groups. For example, calculating amortization requires dividing the outstanding amount by the number of months. This also occurs while using the tool.