Best 36-Month Car Loan 2026

By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.

The lowest 36-month car loan payment is at Maybank: ₱32,003 a month on ₱1,000,000, or ₱152,100 in interest over the loan. 8 banks lend for 36 months.

Lowest monthly: ₱32,003, Maybank
Highest monthly: ₱32,828, EastWest
Total interest at the lowest: ₱152,100
Rates for this term: 10.00% to 18.18%

Every term for your car

Pick your car or type its price. Each row is the bank with the lowest monthly payment for that term.

Car

Price

Down payment

20%30%40%50%

Pay over	Cheapest bank	Monthly	Total interest	Total paid
12 months	BDO	₱86,757	₱41,089	₱1,291,089
18 months	BDO	₱59,140	₱64,525	₱1,314,525
24 months	BDO	₱45,800	₱99,189	₱1,349,189
36 months	Maybank	₱32,003	₱152,100	₱1,402,100
48 months	UnionBank	₱25,135	₱206,500	₱1,456,500
60 months	UnionBank	₱20,967	₱258,000	₱1,508,000

Example car, ₱1,250,000, brand new, at the bank with the lowest monthly for each term. Total paid includes the down payment, not insurance or one-time charges.

Every bank at 36 months

₱1,000,000 loan, brand new car, lowest monthly first.

Bank	Rate	About a year	Monthly	Total interest
Maybank	15.21% add-on	9.4%	₱32,003	₱152,100
UnionBank	15.63% add-on	9.7%	₱32,119	₱156,300
BDO	10.00% a year	10.0%	₱32,267	₱161,619
Metrobank	16.90% add-on	10.4%	₱32,472	₱169,000
RCBC	16.98% add-on	10.5%	₱32,494	₱169,800
BPI	17.76% add-on	10.9%	₱32,711	₱177,600
Security Bank	18.18% add-on	11.2%	₱32,828	₱181,800
EastWest	18.18% add-on	11.2%	₱32,828	₱181,800

How the monthly payment is worked out

Maybank's 36-month add-on rate of 15.21% on a ₱1,000,000 loan, step by step. Most banks charge this way.

1Interest for the whole term: loan x add-on rate₱1,000,000 x 15.21% = ₱152,100

2Total to repay: loan + interest₱1,152,100

3Monthly payment: total divided by 36 months₱32,003

=As a yearly rate on the balance, that is about9.44% a year

Questions

Which bank has the best 36-month car loan?

Maybank, at ₱32,003 a month on ₱1,000,000 brand new. Next: UnionBank ₱32,119, BDO ₱32,267.

Is 36 months a good term for a car loan?

36 months costs ₱32,003 a month and ₱152,100 in interest on ₱1,000,000 at the cheapest bank. Over 60 months the monthly drops to ₱20,967 but interest rises to ₱258,000. Pick the shortest term whose monthly fits your budget.

More on loan terms

Compare every bank for your car, or see what ₱20,000 a month can finance.