BPI Car Loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.BPI Auto Loan finances brand-new and second-hand cars, electric and hybrid vehicles, trucks and big bikes, through BPI branches or accredited dealerships.
- Interest rate, brand new
- 5.43% to 31.01% add-on, 12 to 60 months
- Monthly on ₱1,000,000
- ₱21,835 over 60 months, about 11.2% a year
- Down payment
- As low as 15%
- Loan term
- 1 year minimum, up to 5 years
- Loan amount
- ₱200,000 minimum, up to 85% of the purchase price
- Vehicles
- Brand-new and second-hand cars, or a multi-purpose loan with your car as collateral
BPI car loan calculator
Pick your car, down payment and term to see the monthly payment at BPI, the total interest, the one-time charges and what the car costs you in all, and how BPI compares with the cheapest bank for the same loan.
Example car, ₱1,250,000, 20% down, 60 months. Pick your car or type its price.
₱21,835a month
31.01% add-on for 60 months, about 11.2% a year
- Down payment
- ₱250,000
- Loan
- ₱1,000,000
- Total interest
- ₱310,100
- One-time charges
- ₱500
- What the car costs you
- ₱1,560,600
7 of 8 banks for this loan: ₱868 a month more than UnionBank.
Pay overMonthlyTotal interest
Shorter terms cost more a month and less in total. Tap a term to use it above.
BPI car loan rates by term
BPI charges an add-on rate: one figure on the full loan for the whole term, so the rate rises with the term.
| Car | 12 months | 18 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|---|
| Brand new | 5.43% | 7.73% | 11.30% | 17.76% | 24.13% | 31.01% |
| Second hand | 7.89% | 11.87% | 16.08% | 24.80% | 34.20% | 44.32% |
| Monthly on ₱1,000,000, brand new | ₱87,858 | ₱59,850 | ₱46,375 | ₱32,711 | ₱25,860 | ₱21,835 |
Standard rates.
BPI vs other banks
On the same ₱1,000,000 brand new car loan over 60 months, BPI costs ₱21,835 a month: ₱868 more than UnionBank, the lowest.
BankMore a month than the lowestMonthly
BPI Auto Loan: features
- Loan amount, second hand
- ₱200,000 minimum, up to 70% of the purchase price
- Longer terms for BPI Preferred NEXT clients
- Up to 7 years on select brands and models, with a 0.15% discount on its standard rates
- Electric and hybrid vehicles
- Full EVs and hybrids qualify under E-Vehicle Financing, with a 15% minimum down payment
- Light and medium trucks
- ₱200,000 minimum, 70% to 80% of the approved price depending on the brand, 1 to 5 years
- Heavy trucks
- ₱200,000 minimum, 60% to 70% of the approved price depending on the brand, 1 to 4 years
- Big bikes
- ₱100,000 minimum, up to 70% of the purchase price, up to 3 years; unit price at least ₱200,000
- Payment plans
- Zero Cash Out, Multiyear Protect and Step-up Pay Plan; payments by auto-debit from a BPI account
- Loan calculator
- BPI does not offer an interactive loan calculator. Its self-serve tool is the Auto Loan Readiness Check, a short quiz that returns a yes-or-no readiness result, not a monthly payment estimate.
Who can get a BPI car loan
BPI's rules differ by how you earn. Pick yours.
- At least 18 years old, and no older than 70 when the loan matures
- Minimum household income of ₱30,000
- Big bike loans: age 21 to 65 at maturity and household income of at least ₱40,000
BPI car loan requirements
Tick each document as you gather it, then print the list for your branch visit.
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How to apply for a BPI car loan
- Apply through the online application form, at any of over 800 BPI branches, or at an accredited dealership
- Submit the requirements. Approved applicants get an SMS, then visit the branch or Loans Business Center
BPI car loan fees and terms
What BPI charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.
- LTO encumbrance fee
- ₱500
- Cancellation of mortgage fee
- ₱800
- Facilitation fee
- ₱2,000 in Metro Manila, ₱2,500 outside, up to ₱5,000 in Visayas or Mindanao; provincial LTO annotation may add ₱1,000
- Processing fee
- Depends on where the unit is booked
- Documentary stamps, motor insurance and Registry of Deeds fees
- Depend on the loan amount
- Notarial, miscellaneous and service fees
- Depend on the booking location
- Insurance
- Comprehensive cover is a loan requirement, cannot be cancelled, and must stay in force while the car is mortgaged
- Pre-termination on promo loans
- Advance payment and pre-termination are not allowed in the first 3 years under Dream More Deals and Partner Exclusive
- Former Robinsons Bank auto loans
- Now BPI loans with a new account number; interest, amortization schedule and signed documents stay the same
BPI car loan promos
- Until December 31, 2026Partner Exclusive
Brand-new cars from participating brands, loans of ₱500,000 or more. Kia, Nissan and Omoda Jaecoo offers run to December 31; other brands end September 30.
- Until April 4, 2027MV Agusta 0% promo
0% interest for 12 or 24 months on brand-new MV Agusta motorcycles; minimum loan ₱100,000 and 30% down payment.
Check your BPI car loan application status
BPI sends an SMS when your application is approved; you then visit the branch or Loans Business Center.
How to check the status at every bankBPI car loan hotline and contact
- 24-hour contact center
- (+632) 889-10000
- Domestic toll-free (PLDT)
- (+632) 1-800-188-89-100
- Auto loan email
- autoloan@bpi.com.ph
BPI car loan questions
What is the BPI car loan interest rate?
BPI's brand new car loan rates run from 5.43% to 31.01% add-on, for 12 to 60 months. On ₱1,000,000 over 60 months that is ₱21,835 a month.
How much is the down payment for a BPI car loan?
As low as 15%.
What are the requirements for a BPI car loan?
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.
How do I check my BPI car loan status?
BPI sends an SMS when your application is approved; you then visit the branch or Loans Business Center.
How much is the interest rate for a car loan in BPI?
BPI's add-on rate for a brand-new car starts at 5.43% for a 12-month term and rises to 31.01% for a 60-month term; second-hand cars run 7.89% to 44.32% over the same terms. These are add-on rates quoted for the whole loan, not yearly rates.
What are the requirements for a BPI auto loan?
You need a completed application form, 2 valid IDs, and proof of income: a certificate of employment plus your latest payslip or 3 months of payroll bank statements if you're salaried, or DTI registration and 2 years of ITRs if you're self-employed. You must be 18 to 70 years old at loan maturity, with a minimum household income of ₱30,000.
How long does a BPI car loan take to get approval?
BPI does not state a fixed number of approval days. It texts you once your application is approved, then you visit a branch or Loans Business Center to complete the loan.
How can I check the status of my BPI car loan application?
BPI does not offer a self-service online status tracker; call the 24-hour contact center at (+632) 889-10000 or email autoloan@bpi.com.ph. BPI itself will text you once your loan is approved.
Can I loan 300k in BPI?
Yes. BPI's minimum auto loan is ₱200,000, so a ₱300,000 loan qualifies. With the standard 15% minimum down payment on a brand-new car, that puts the vehicle price at roughly ₱353,000 or more.
Compare before you apply
Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.
