BDO vs BPI Car Loan 2026: Rates, Monthly Payment and Requirements Compared

BDO vs BPI: monthly payment for your car

Pick your car and down payment. Both banks are priced on the same loan, so the difference is real.

BDO vs BPI rates by term

Brand new car, ₱1,000,000 loan. The lower monthly payment at each term is marked.

Pay over	BDO rate	BDO monthly	BPI rate	BPI monthly	Difference a month
12 months	7.50%	₱86,757	5.43%	₱87,858	₱1,101 less at BDO
18 months	8.00%	₱59,140	7.73%	₱59,850	₱710 less at BDO
24 months	9.25%	₱45,800	11.30%	₱46,375	₱575 less at BDO
36 months	10.00%	₱32,267	17.76%	₱32,711	₱444 less at BDO
48 months	10.25%	₱25,483	24.13%	₱25,860	₱378 less at BDO
60 months	10.50%	₱21,494	31.01%	₱21,835	₱341 less at BDO

BDO: yearly rate on the balance. BPI: add-on rate for the whole term. Standard rates.

BDO vs BPI, point by point

Point	BDO	BPI
Interest rate, brand new	7.50% to 10.50% a year	5.43% to 31.01% add-on
Monthly on ₱1,000,000, 60 months	₱21,494	₱21,835, about 11.2% a year
Down payment	From 20%	From 15%
Loan term	Up to 5 years for personal use, 3 years for business use	1 year minimum, up to 5 years
Loan amount	Minimum loan: ₱100,000	Loan amount, brand new: ₱200,000 minimum, up to 85% of the purchase price
Second-hand cars	Yes, with its own rates	Yes, with its own rates
Minimum income	₱50,000 a month (family)	₱30,000 a month (household)
Decision	Within 24 hours	Not stated by BPI
Fees	DST ₱1.50 per ₱200; LTO encumbrance ₱380; notarial ₱500 a document	LTO encumbrance ₱500; mortgage cancellation ₱800
Paying early	Not stated by BDO	Promo loans: no early payment in the first 3 years
How to apply	Submit the application form and documents online or at any BDO Loans Center	Apply through the online application form, at any of over 800 BPI branches, or at an accredited dealership

Documentary stamp tax of ₱1.50 per ₱200 of the loan is a national tax and applies at every bank.

Requirements: BDO vs BPI

What each bank asks an employed borrower for. Business owners and OFWs: see each bank's page.

BDO

Completely filled-out application form
Photocopy of one valid ID matching the application, such as driver's license, passport, TIN ID, SSS ID or GSIS eCard

BDO car loan in full

BPI

Completed application form; both spouses sign if married, and a co-borrower fills in a separate form
2 valid IDs, for example PhilSys, SSS, driver's license or passport
Pensioners: certificate of pension and 3 months of pension account bank statements

BPI car loan in full

BDO or BPI: questions

Which is better, BDO or BPI car loan?

On the same ₱1,000,000 brand new car loan over 60 months, BDO costs ₱341 less a month (₱20,466 over the loan). BDO down payment: from 20%; BPI: from 15%. BDO decision: within 24 hours; BPI: not stated by bpi.

Which has the lower car loan rate, BDO or BPI?

Over 60 months for a brand new car, BDO charges 10.50% a year (₱21,494 a month on ₱1,000,000) and BPI 31.01% add-on (₱21,835). Compare the monthly payment, not the rate, when the two banks charge interest differently.

Which needs a lower down payment, BDO or BPI?

BDO: From 20%. BPI: From 15%.

More bank comparisons

Not set on these two? Answer 5 questions to see the three car loans that fit you best.

How we compare car loans.

BDO vs BPI car loan 2026