Guide on the BPI Auto Loan Interest Rates Depending on Term
BPI AUTO LOAN INTEREST RATES – Here is a list of the interest rates implemented by the Bank of the Philippine Islands under its auto loan offer.
Nowadays, a lot of banks are offering auto loans or car loans to the public thus many people were able to acquire their own vehicles without paying for it in full. One of the banks offering it is the Bank of the Philippine Islands (BPI).
The BPI Auto Loan is open for both brand new and second-hand vehicles. You may apply for a cash assistance in the purchase of a sedan or an SUV.
Within three(3) to eight(8) hours, you will know the result of your loan application.
With regards to the BPI Auto Loan interest rates to fully assess your capacity for a loan, here is a list of the rates per scheme based on the official website of the bank:
In Arrears
12 Months
- Add-on Rate – 4.91%
- Effective Rate – 8.94%
18 Months
- Add-on Rate – 7.19%
- Effective Rate – 8.90%
24 Months
- Add-on Rate – 10.46%
- Effective Rate – 9.74%
36 Months
- Add-on Rate – 16.47%
- Effective Rate – 10.18%
48 Months
- Add-on Rate – 22.38%
- Effective Rate – 10.28%
60 Months
- Add-on Rate – 28.76%
- Effective Rate – 10.43%
One Month Advance
12 Months
- Add-on Rate – 4.21%
- Effective Rate – 9.11%
18 Months
- Add-on Rate – 6.46%
- Effective Rate – 8.98%
24 Months
- Add-on Rate – 9.66%
- Effective Rate – 9.83%
36 Months
- Add-on Rate – 15.56%
- Effective Rate – 10.23%
48 Months
- Add-on Rate – 21.39%
- Effective Rate – 10.30%
60 Months
- Add-on Rate – 27.70%
- Effective Rate – 10.45%
To apply for the BPI Auto Loan offer, you may visit the official website of the bank – https://www.bpiautoloans.com.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BPI CAR LOAN REQUIREMENTS – What You Need To Prepare in Applying
Applying for a car loan