Bankcom loan calculator

Bank of Commerce loan calculator online in the Philippines in 2025. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.

Calculate the loan at Bank of Commerce
Interest rates are given in accordance with the rates of the Bank of Commerce in Manila as of 17.02.2025
Loan amount
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Specify the desired loan amount

PHP
PHP
100000 ₱
5000000 ₱
Loan term
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Specify the loan term for the calculation

months
days
12
60
Annual Interest Rate
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Choose the interest rate on the loan

5 %
30 %
Type of payments
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Specify the type of payment for calculating

Fill out an application for a loan!
Fill out an application for a loan!

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Bank of Commerce (BankCom), a trademark of San Miguel, is a progressive bank in the Philippines, with a global banking license from the Bangko Sentral ng Pilipinas (BSP) subject to government regulations. The institution has been operating since 1963 and is descended from the Overseas Bank of Manila, which had its headquarters in Binondo, Manila. Bank of Commerce became an associate of San Miguel Corporation in 2008, debuting a new corporate logo of San Miguel Corporation escudo. The Intellectual Property Office (IPO) issued the trademark of San Miguel authorization for BankCom as the bank's formal nickname in December 2020.

Bank of Commerce offers online banking services for retail and commercial customers to encourage them to make their transactions via online banking mediums. This includes bill payment, money transfer, card loading, and other services via these Internet banking platforms. Users can use Bank of Commerce personal and business banking, as well as the latest mobile banking app, to access these services. The bank operates a national network of 140 offices and 261 automated teller machines (ATMs). Bank of Commerce offers a comprehensive variety of goods and services in deposit, commercial loans, credit card solutions, consumer banking, commercial banking, treasury, wealth management, transaction banking, and trust and investments. More can be seen about the bank on their Facebook page or through the Internet banking FAQs on their website.

What is a BankCom loan EMI calculator?

A Bank of Commerce loan EMI calculator is a web-based application that calculates your monthly payment amount depending on your principal balance, interest rate, and payback period length. It applies to various loans, including Bank of Commerce mortgages and Bank of Commerce auto loans. BankCom offers free access to a loan calculator on their website, which customers can use anytime.

How does a BankCom loan EMI calculator work?

Bank of Commerce is regulated by the Bangko Sentral ng Pilipinas, with a corporate logo of San Miguel and a registered trademark of San Miguel Corporation. BankCom's loan calculator is easy to use, understand, and quickly perform. You only need to enter loan details such as approved capital, gross monthly income, loan period, and downpayment. The first step in calculating your monthly payment is determining your loan type, which defines your approved loan payment arrangement. There is no math involved in this step. Are you getting an interest-only loan or an amortized loan? You'll be able to determine the types of loan payment computation you'll need to make once you know.

When you've identified the type of loan you want, go to the Bank of Commerce website's specialized calculator, select its loan calculator, and insert the relevant information. The result, including the downpayment amount, amortization, and so on, will appear almost instantly. Let's look at some of the Bank of Commerce calculator inputs and outputs and what they mean.

Inputs

Vehicle price

This is the price of the vehicle you plan to purchase with the loan proceeds. If you want to make a down payment or trade-in, the tool will subtract that amount from the purchase price of the vehicle to calculate the loan amount. The minimum purchase price in the Bank of Commerce auto loan is ₱100,000.

Loan term

When you obtain a Bank of Commerce loan, you must make monthly payments to repay it over time. You must pay off the entire amount at some point to be debt-free. The term length, also known as the loan term or loan maturity period, is the period the lender offers to repay your loan. The Bank of Commerce auto loan has a term of 12 to 60 months, while the Bank of Commerce home loan has a term of 5 to 20 years.

Downpayment

This is the total amount paid to buy a house or a car, expressed as a percentage of the entire unit or loan amount. The amount of your downpayment may have an impact on your interest component. Bank of Commerce typically offers lower loan rates for larger down payments. The downpayment for a home loan ranges from 20% to 50%, while the downpayment for an auto loan ranges from 20% to 45%.

Gross monthly income

Gross monthly income is the amount paid to the applicant at their workplace a month before taxes or other deductions. The amount is printed on both job offer letters and paychecks. Overtime, bonuses, and commissions are all potential sources of additional gross monthly income. Bank of Commerce requires this information to determine the best loan terms for them.

Selling price

This is the cost of purchasing the building you want to buy. It is the total contract price you and the developer agreed upon. Before applying for a Bank of Commerce home loan, you should learn more about the house you want to buy, including all the financial aspects of doing so. In this section, enter the total agreed-upon contract price with the dealer. A Bank of Commerce home loan has a minimum selling price of ₱500,000.

Fixed-rate

The interest rate is the cost of borrowing money expressed as a percentage of the total amount. The higher the percentage for a specific loan, the higher the amount you must repay. Even minor changes in interest rates can have a significant impact. It is critical to track whether they rise, fall, or remain stable. The tool will ask you how long you want your mortgage interest rate to be fixed.

Loan purpose

A loan property type refers to a property's characteristics and the housing configuration that contains one or more residential structures. The property type could be a residential condominium, house and lot (purchase and construction), lot purchase, or property acquisition in a BankCom loan EMI calculator.

Outputs

Downpayment

This is the total cost of purchasing a home or a car. After converting the percentage downpayment of the entire unit or loan amount given in the input, the tool outputs the downpayment in figures. Your downpayment amount may affect your interest component. For larger down payments, Bank of Commerce typically offers lower loan rates.

Amount financed

This is the sum of money that the bank will lend to the applicant. The tool will calculate this by subtracting the downpayment from the total cost of the car or house.

Monthly amortization

This is the monthly payment to BankCom on a specific calendar day to fulfill the loan obligation. The EMI creates interest and principal payments until the loan is completely paid off over a set period. Following the entry of all necessary information, such as loan amount, loan duration, and interest rate, the EMI amount will be displayed instantly, indicating the amount you are expected to pay at the end of each month.

Maximum loanable amount

The tool will show you the total amount of your loan here. It deducts the downpayment percentage from the previously selected unit value and displays the result in figures, allowing you to see the total cost of your loan.

BankCom loan EMI calculator formula

The tool uses the following formula to calculate the fixed EMI amount:

M = {P[(1+R)^N]}/[(1+R)^N -1]

Where: 

The Bank of Commerce loan EMI calculator considers the mortgage or car's unit price, your downpayment, the bank's rate of interest, and the loan term. The principal, interest, and other fees, such as the processing fee, are paid in equal monthly installments over the life of your loan. Although the length of your loan may vary, you should plan on making 12 payments per year.

Types of BankCom loan EMI calculator

There are two loan product calculators on the Bank of Commerce loan website: the auto loan calculator and the home loan calculator.

Bank of Commerce auto loan calculator

After providing some information about the loan for which you have applied or are about to apply, you can use the EMI calculator provided by the bank to determine the equal monthly installment required to repay a Bank of Commerce auto loan. The calculator is simple, which is why many people use it. The auto loan EMI calculator provided by the bank also includes an amortization schedule to assist users in visually analyzing and comprehending their loan payback method and timeline during the repayment term.

How it works

You can use the BankCom auto loan calculator to estimate your monthly payment or do it manually if you're willing to do some math. The traditional method for manually calculating your monthly loan payment is as follows:

M = {P[(1+R)^N]}/[(1+R)^N -1]

Where: 

To calculate your monthly payment for your Bank of Commerce vehicle loan, you must follow the steps below:

  1. Visit the Bank of Commerce official website

  2. Click on ProductsPersonal, and then Loan products.

  3. Click on Auto loan, and scroll down to access the auto loan calculator.

  4. Type in your selling price and then select the loan term of your choice.

  5. Select your preferred downpayment and then type in your gross monthly income.

  6. Click on Calculate when done, and your loan’s outputs will be displayed immediately.

Bank of Commerce home loan calculator

A home loan EMI calculator is an online tool that forecasts your monthly loan EMI payment. You can calculate your EMIs with BankCom's simple and user-friendly EMI calculator. Enter the loan amount, interest rate, and loan term you want, then click Calculate. The EMI calculator will generate an estimate based on your input. The program eliminates human errors and time-consuming computations, allowing you to plan your home financing in seconds. Contact BankCom's customer service representatives for more information and advice on home loans.

How it works

You can use their home loan calculator to calculate your monthly payment or do it manually if you're willing to do some arithmetic. The following is a typical formula for calculating your monthly mortgage payment by hand:

M = {P[(1+R)^(Nx12)]}/[(1+R)^(Nx12) -1]

Where: 

The tool provided by this financial institution computes the monthly payment based on the principal, interest to be paid, and loan term. Interest payable accounts for a significant portion of the EMI because the principal amount is substantial in the loan's early years. The interest component of the loan decreases as the loan matures, but the principal component grows steadily.

Follow the steps below to calculate the monthly payment on your BankCom home loans:

  1. Visit the Bank of Commerce official website. 

  2. Click on ProductsPersonal, and then Loan products.

  3. Click on Home loan, and scroll down to access the auto loan calculator.

  4. Type in the property’s selling price, then select your preferred fixed interest rate.

  5. Select the loan term and then the loan purpose.

  6. Select your preferred downpayment and then type in your gross monthly income.

  7. Click on Calculate when done, and your loan’s outputs will be displayed immediately.

What are the benefits of using a BankCom loan EMI calculator?

Functions of the BankCom loan calculators

The tools are relatively simple to use, no unique attributes are needed, and no distinctive features and functionality are present. The following are some functions of the BankCom loan EMI calculator:

Example of calculations using a BankCom loan EMI calculator

Example 1: For example. you decide to go for a BankCom auto loan with the following inputs:

Putting these values into a BankCom loan EMI calculator and clicking on Calculate, we have the following outputs:

The above outcome means you are not eligible for a loan since your maximum loanable amount is lower than your financed amount.

Example 2: Let’s consider a BankCom auto loan with the following inputs:

Putting these values into a BankCom loan EMI calculator and clicking on Calculate, we have the following outputs:

The result above indicates that the applicant is qualified for a loan because their maximum loanable amount exceeds their financed amount.

Example 3: Let’s now consider a BankCom auto loan with the following inputs:

When we enter these figures into a BankCom loan EMI calculator and press the Calculate button, we get the following results:

The result mentioned above indicates that the applicant is qualified for a loan because their maximum loanable amount exceeds their financed amount.

How to perform complex calculations using a BankCom loan EMI calculator

Consider a BankCom home loan with the following parameters:

Putting these values in the BankCom home loan calculator, we have: