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BPI loan calculator

BPI loan calculator online in the Philippines in 2022. 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.

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Calculate the loan at BPI
Loan amount

The amount you want to receive

20000 ₱
2000000 ₱
Loan term

Specify the desired length of the loan

Annual Contractual Rate (ACR)

Choose the interest rate on the loan

14.4 %
25.6 %
Type of payments

Specify the type of payment for calculating

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Fill out an application for a loan!

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

The Bank of the Philippine Islands, or BPI, was established in 1851 and is the first bank not only in the Philippines but also in Southeast Asia. It is one of the most profitable universal banks in the country, with a market value of ₱100 billion and an asset size of ₱200 billion. With over 900 branches and 300 ATMs in the Philippines, Hong Kong, and Europe, it has earned a reputation as one of the most renowned, reliable, and trustworthy names in the banking and financial industry. From consumer banking and lending to asset management and investment banking, they offer a diverse range of specialized financial/loan products and services. BPI is regulated by the Bangko Sentral ng Pilipinas.

What is a BPI loan calculator?

A BPI loan calculator will determine your monthly payment amount based on your principal balance, interest rate, and repayment period length. It can be applied to various loans, such as the BPI mortgages, the BPI auto loans, and BPI personal loans. BPI provides consumers free access to a loan calculator on their website, which they can access and use anytime.

How does a BPI loan calculator work?

It's easy to use, understand, and quickly accomplish calculations using this loan calculator. You only need to enter your loan information, such as the approved capital, your gross monthly income, the loan period, and your preferred monthly installments payment, among other things. The first step in figuring out your monthly payment is identifying your loan type, which will determine your approved loan payment schedule. This step involves no math. Are you taking out an interest-only or an amortized loan? Once you know, you'll be able to figure out what types of loan payment calculations you'll need to make.

When you've decided on the type of loan you want, go to the BPI website's specialized calculator, select its loan calculator, and enter the related information; the result will appear virtually instantly, including the down payment amount, amortization, and so on. Now let's look at some of the inputs and outputs on the BPI calculators and what they stand for.


  1. Purchase price. The purchase price is the agreed-upon amount you will finance a vendor. It's the amount on your sales contract or, in the case of a house loan, the amount your real estate agent fought so hard to persuade the seller to agree to. A home might be listed for ₱17,500,000, but your real estate agent can negotiate it down to ₱15,000,000. The cost of your purchase is ₱15,000,000. That is the amount you have agreed to finance. You don't have ₱15,000,000 on hand; therefore, you'll need financing, which is where the capital comes into play
  2. Down payment. A down payment is a quantity of money paid by a buyer at the start of the purchasing process for an expensive item or service. The down payment is only a part of the total buying price, so the buyer will most likely need to take out a loan to cover the rest
  3. Loan term. When you take out a BPI loan, you'll make a monthly payment to repay it over time. You'll have paid off the entire amount at some point and be debt-free. The term length, also known as your loan term or loan maturity period, is the period the lender offers you to repay your loan.
  4. Property type. A loan property type refers to the characteristics of a property and the housing configuration on which one or more residential structures can be found. In a BPI loan calculator, the property type could be residential condominium, house and lot (purchase and construction), lot purchase, or property acquisition.
  5. Monthly installment/BPI personal loan requirements. A fixed payment made by a borrower to a lender on a specific date each month is known as an equated monthly installment (EMI). Each month, EMIs are applied to both interest and principal to pay off the loan in full over a set period.


  1. Monthly amortization. A monthly amortizing loan is a sort of debt that needs a monthly payment regularly. A portion of each monthly payment is applied to the loan's principal, while the remainder is to interest. Fully amortized loans, often known as installment loans, feature an equal monthly payment, so amortization is the amount paid monthly; it is calculated by the BPI loan tool.
  2. Amount financed. It refers to the amount of money you're borrowing from the lender, minus most of the lender's upfront fees.

BPI loan calculator formula

The simple payment calculation includes your loan principal, interest rate, and period. The total amount owed, including the principal, interest, and fees, is paid out evenly over the term of your loan. Although the duration of your term may vary, you should expect to make 12 payments per year. Your loan type influences the type of BPI loan calculator you need to determine your installments.

Interest-only loans

Most insured and uninsured loans need a monthly payment to cover both interest and the loan balance. You keep up with interest rates and gradually pay off the debt. When you take out an interest-only loan, you only finance the interest, not the principal (also known as your principal). As a result, your monthly payment will be cheaper for a set period. You must eventually repay the entire debt in one big sum or with an increased monthly payment that includes both principal and interest.

Interest-only loans typically have cheaper monthly payments than normal loans. Because ordinary loans often contain interest expenses as well as a percentage of the loan total, this is the case. The term amortization refers to the practice of prioritizing interest payments while paying down debt over time.

Multiply the loan sum by the interest rate, then divide by 12 months to get the monthly payment on an interest-only loan. If you owe ₱1,000,000 and the interest rate is 5%, your interest-only payment would be as follows:

₱1,000,000 divided by 0.05 (5/100) equals ₱50,000 each year divided by 12 equals ₱4,166.7 per month. Please note that interest-only payments aren't permanent.

* ₱1,000,000 x 0.05 = ₱50,000 per year ÷ 12 = ₱4,166.7 per month.

Amortizing loans

An amortizing loan is a type of debt that will require you to make monthly payments regularly. In this loan, a portion of your every month payment directly deducts the loan's principal amount, while the remainder is to interest. Fully amortized loans feature an equal monthly payment, often known as installment loans. Partially amortized loans also feature monthly installments, but a balloon payment is made at the start or end of the loan.

An amortized loan's balance lowers over time. An amortization plan allows a debtor to track the process of paying off his or her loan sum. An amortization schedule is also a useful visual depiction that shows how much of each month's payment is devoted to interest and how much to principal reduction. The debtor or depositor must initially pay a part of the interest payable on the loan before making regular monthly payments toward decreasing the loan's principal.

The lender will multiply the current loan sum by the applicable interest rate to get the amount of interest owing. The lender then subtracts the interest due from the monthly payment to determine how much goes toward the principal. As the loan balance falls, the portion of your payment that goes toward interest drops, while the amount that goes toward paying down the principal increases. The majority of installment loans are amortizing. Auto loans, business loans, home equity loans, personal loans, and classic fixed-rate mortgages, for example, all amortize. Interest-only loans that have a balloon payment or allow negative amortization are not amortizing loans.

How it works?

Let's assume A and B want to make a loan application for ₱1,000,000 to buy a condominium in a suburb of Manila. They got an amortizing loan with an interest rate of 5 %. In the first month of the loan, the part of the payment applied to the loan principal was ₱1,201.5, while the amount applied to interest was ₱4,166.7. By month 12, the payment portion that will be going towards paying off the principal will be ₱1,257.8, while the amount applied to interest will fall to ₱4,110.4.

Types of BPI loan calculator

The BPI loan website has three different loan product calculators: the auto loan calculator, the home loan calculator, and the personal loan calculator.

BPI auto loan calculator

A BPI auto loan is a secured/insured loan in which the collateral is the vehicle. BPI offers it for new and used cars, two-wheelers (often referred to as a two-wheeler loan), and commercial vehicles (generally called a commercial vehicle loan).

Before going to the bank to get a car loan, do your research with a BPI auto loan calculator. This calculator will prompt you to enter the capital, term, interest rate, and whether you want a new or used car. You may compare how different terms affect your monthly payment because vehicle loans have shorter terms than business, personal or home equity loans.

How it works

The tool is very easy to use; you just have to head to the BPI loan calculator website and select the auto loan calculator type. Fill in the purchase price, down payment percentage, which is either 15%, 20%, 30%, 40%, or 50%, and then the payment terms, which are either 12, 18, 24, 36, 48, or 60 months. And then, click on Compute and wait for your output to be displayed.

For example, a Filipino citizen wants to get a BPI auto loan with ₱800,000 purchase price, a 30% down payment percentage, and a 48-month term. Input these data on the BPI auto loan calculator and wait for the result to be displayed; it will look like this:

This means that the car's selling price is ₱800,000, the amount the depositor has to finance for the car is ₱240,000, the amount BPI is loaning out to him is ₱560,000, and the debtor's amortization is ₱14,413 for each month.

Now let's try this same loan with a longer term. Let's say you want to get a BPI auto loan with ₱800,000 purchase price, a 30% down payment percentage, and a 60-month term. As always, input these data on the BPI auto loan calculator and wait for the result to be displayed; it will look like this:

This indicates that the car's selling price is ₱800,000, the borrower's down payment is ₱240,000, the amount BPI is lending him is ₱560,000, and the debtor's amortization is ₱12,157 each month.

BPI home loan calculator

A BPI house loan is a secured loan obtained by pledging the property as security for purchasing a home. BPI home loans provide high-value financing with low-interest rates and extended terms. EMIs are used to repay them. The title to the property is returned to the debtor after repayment. You'll need to utilize a BPI home loan calculator to determine how much you can borrow if you need a BPI home loan.

How it works

First, you must go to the BPI loan calculator website and navigate to the BPI home loan calculator; when it opens, you select the property type (residential condominium, house and lot (purchase and construction), lot purchase, or property acquisition). Then you input the selling price (without commas), your down payment percentage, and, finally, the loan payment term of your choice.

For example, a person is interested in purchasing a lot using the BPI home loan; the selling price of this lot is ₱2,000,000, but they can afford a 20% down payment percentage and an 8-year payment term. The first step here is inputting the data in the BPI home loan calculating tool appropriately, and then we click on Compute before waiting for our results to be displayed on the next page, thus:

This output indicates that the selling price of this lot is ₱2,000,000, while the debtor has to put a down payment of ₱400,000 and the amount BPI auto loan will cover will be ₱1,600,000. Furthermore, the debtor has to put additional amortization fees of ₱212,21.59.

BPI personal loan calculator

A BPI personal loan is a loan that requires no collateral or security or documentation. This loan's cash can be used for any valid financial need. You must repay it in line with the bank's agreed-upon terms, just like any other loan.

BPI personal loan might help you finance high-interest credit card debt or let off large obligations. BPI personal loans, like all debt, should not be taken lightly. You can start looking for a BPI personal loan once you've determined how much you need to borrow and how much you can afford to repay each month. Interested people must have a BPI savings account. BPI personal loan calculator can help you figure out how much money you'll need.

As stated, you can use the BPI personal loan calculator to estimate your monthly installments. They are of two types: the regular calculator for employed, self-employed, OFW, or allottees, and the seafarer calculator for the BPI seafarer program.

BPI regular personal loan calculator

A BPI regular personal loan is a no-collateral loan that does not require PDCs or over-the-counter payments. Instead, for ease of payment, the amortization will be done using an auto-debit service. It is more than enough to handle quick cash needs or urgent finance requirements to start or continue running your business with a capital ranging from ₱20,000 to ₱1,000,000. The personal loan application and approval process takes roughly 5 to 7 banking days, and repayment durations range from 12 to 3 years. The interest rate starts at 25.3% per year. To be considered for this loan, you must have supporting documents proving that you are a land-based OFW with a gross monthly income of at least ₱25,000.

The tool is used to calculate your monthly installments. The maximum annual contractual rate (ACR) is fixed at 25.60%. It has flexible loan term options ranging from 12 to 36 months. A minimal one-time processing fee of ₱1,500 will also be deducted from the new loan proceeds. A documentary stamp tax worth ₱1.50 for every ₱200 of the capital will also apply for a loan above ₱250,000.

Example: A loan amounting to ₱20,000 with a term of 12 months will pay ₱22,884, including interest. The estimated monthly amortization will be ₱1,907 with an ACR of 25.60%. If we compute this using the BPI personal loan calculator, we will get the below output;

For a 12-month term:

For an 18-month term:

For a 24-month term:

For a 30-month term:

For a 36-month term:

BPI seafarer personal loan calculator

The BPI seafarer loan is a tried-and-true way for seafaring OFWs to receive additional funds for any urgent need or emergency. Because it is a non-collateralized, multi-purpose loan, you can utilize it for almost any purpose, including business. Using it to create or expand your own company is also possible. You can borrow from as little as ₱20,000 to ₱300,000 at a monthly add-on interest rate of 1.5% for sea-based overseas Filipino citizens, self-employed, or employees. The loan repayment period runs from 5 to 9 months, and the loan approval process takes 5 to 7 banking days. You must have a minimum gross monthly income or salary of ₱30,000 and accompanying paperwork, confirming that you are a sea-based OFW to qualify for this loan.

The calculator is used to find out all the requirements of the loan. Like the regular personal loan calculator, the maximum annual contractual rate (ACR) here is fixed at 25.60%. It has flexible loan term options ranging from 12 to 36 months. A minimal one-time processing fee of ₱1,500 will also be deducted from the loan proceeds. A documentary stamp tax worth ₱1.50 for every ₱200 loan amount will also apply to loans above ₱250,000. The term for the BPI personal loan seafarer program is equivalent to one month less the borrower's work contract.

What are the benefits of using a BPI loan calculator?

It is easy to use. One of the BPI loan calculator's core benefits is its easy use. It is user-friendly and guided at every step. BPI values its customer's comfort and clarity; that is why they have gone the extra mile in ensuring that the customer understands how to use the loan calculators. You do not need to visit any BPI branch; you simply need to visit the BPI loan web site. After that, you must input the loan amount, preferred interest rate, and repayment period. A BPI loan's repayment period can range from one to ten years. Furthermore, BPI offers on-call or in-person support with loan calculations and several other aspects of the loan application procedure.

It is time-saving. BPI loan calculators provide immediate and precise results. A BPI loan calculator is available online, saving you the time and effort of going to the bank, standing in lines, and waiting for your loan conditions to be calculated. The rest of the loan procedure is then completed. Furthermore, the burden of filing a slew of complicated documentation or calling an agent to determine the loan amount and interest rates is removed. You can use a calculator on the road, during a work break, or even on vacation at the farthest reaches of the world because it is available online. You only require a stable and secure Internet connection.

It provides accurate results. The precision of the findings is one of the biggest advantages of using the BPI loan calculator. When calculating the amount of interest due manually, there is always the risk of making a mistake. You don't have to use pen and paper and risk miscalculating the amount of interest due. You also don't have to sit and experiment with different effective interest-rate combinations, desired loan rates, and loan tenures on your own. You can save time by using the BPI loan calculator to get accurate and immediate results for various loan options in minutes or even seconds. The algorithm is set up so that you can experiment with different loan amounts and adjust the elements affecting your loan without harming your credit score.

Easy comparison of other loan plans. Using the bank loan calculator allows you to examine the amount of interest and principal due for various loan amounts and terms without negatively impacting your credit score. Soft inquiries are simple to conduct. You are not required to pay any agent or intermediary to perform these computations and comparisons on your behalf. In this manner, you may easily try out several lending possibilities. You can also determine the loan amount that will not interfere with your monthly financial commitments, day-to-day expenses, or overall lifestyle. Remember that you are not obligated to take the first BPI loan plan that the calculator suggests, and you can evaluate as many options as you want.

Financial planning. Obtaining pertinent information about a loan before applying for one will assist you in better managing your finances. As a result, the BPI personal loan calculator will help you determine how to reduce your expenses and the loan's value over time.

Functions of a BPI loan calculator

Everything about this tool is simple; however, there are a few functions and terms that deserve a little explanation:

Credit line. A line of credit is a credit facility offered to a government, corporate, or individual customer by a BPO or another financial institution that allows them to access funds when needed.

Credit card bills. Bills of credit are government-issued instruments that represent the government's debt to the holder, comparable to banknotes or cash. They're usually made to be used as currency or as monetary alternatives.

Annual contractual rate. The annual contractual rate (ACR) is the amount of interest that will be charged on the loan over 360 days, calculated every month with 30 days in each month (except for the 1st month, which is equal to the number of calendar days from the approval date to the next billing date).

Example of calculations using a BPI loan calculator

Example: Let's assume someone wants to make a loan application. Let us calculate the auto loan terms with the following inputs:

After entering the above input and clicking on Compute, it takes us to the next page and we get the following outcome:

2. Let's now calculate the housing loan terms with the following inputs:

When we enter the above into the calculator accordingly, and then we click on Compute, we get this output in the next page:

How to perform complex calculations using the BPI loan calculator

Let us use the BPI regular personal loan calculator and calculate the terms for a ₱500,000 personal loan. If we type this in the calculator and click on Submit, we get the following result on the next page:

For a 12-month term:

For an 18-month term:

For a 24-month term:

For a 30-month term:

For a 36-month term:

Then from here, we move down to check the financial planning calculator with, let's assume, the following input:

Then click on Compute; it will show the following result and advice: