Guide on BPI Auto Loan Interest Rate 2025
BPI AUTO LOAN INTEREST RATE 2025 — Here is a guide for clients about the interest rate and other fees under the Bank of the Philippine Islands offer.
Are you excited to be driving your own wheels soon? You can go for a loan and start enjoying your new car and just pay for it in monthly installments. However, before jumping to the application, it is best to first check on the charges that you should be aware.
In the country, one of the entities that you may turn to for loans is the Bank of the Philippine Islands. Aside from the BPI Housing Loan offer, the reputable banking entity also has the BPI Auto Loan offer that is ready to finance the purchase of both brand new and pre-owned vehicles.
The BPI Auto Loan offer is open for both employed and self-employed individuals who are at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity. As long as you have an income of at least Php 30,000.00, you may qualify to the offer.
However, as mentioned earlier, it is important to first check on the BPI Auto Loan interest rate. They vary among brand new and pre-owned vehicles.
For the financing of brand new vehicles, the borrowed amount is payable for up to seven (7) years or 84 months. Here is a guide on the BPI Auto Loan interest rates for the financing of brand new vehicle purchase:
| Term | Add-on rate | Effective rate |
| 12 | 5.43% | 9.88% |
| 18 | 7.73% | 9.55% |
| 24 | 11.30% | 10.50% |
| 36 | 17.76% | 10.94% |
| 48 | 24.13% | 11.03% |
| 60 | 31.01% | 11.19% |
| 72 | 38.42% | 11.37% |
| 84 | 46.39% | 11.58 |
With regards to the repayment of the financing of pre-owned vehicles under the BPI loan offer, the maximum loan term is five (5) years or 60 months. Here is a guide on the BPI Auto Loan interest rates under the offer:
| Term | Add-on rate | Effective rate |
| 12 | 7.89% | 14.26 % |
| 18 | 11.87% | 14.50% |
| 24 | 16.08% | 14.75% |
| 36 | 24.80% | 15.00% |
| 48 | 34.20% | 15.25% |
| 60 | 44.32% | 15.50% |
There are also some charges and fees which may apply under the offer aside from the BPI Auto Loan interest rate. Here are the other important information that you should know:
| Auto Loan Charges & Fees | Amount |
|---|---|
| Motor Insurance Premium | Depends on the loan amount |
| Documentary Stamps | Depends on the loan amount |
| Manual DST for Notarized Docs | Depends on location of booking unit |
| LTO Encumbrance Fee | Php 500 |
| Cancellation of Mortgage Fee | Php 800 |
| Notarial Fee | Depends on location of booking unit |
| Facilitation Fee | Php 2,000 for Metro Manila Php 2,500 for Outside Metro Manila Up to Php 5,000 for Visayas or Mindanao *May incur additional Php 1,000 for Provincial LTO Annotation |
| Miscellaneous Fee | Depends on location of booking unit |
| Processing Fee | Depends on location of booking unit |
| Service Fees | Depends on location of booking unit |
| Registry of Deeds Fees | Depends on the loan amount |
Do you want to apply for the loan offer? There are documentary requirements that you should prepare for the BPI Auto Loan application.