Comparison Between BPI Step Up Auto Loan Vs. Regular Loan Monthly Dues
BPI STEP UP AUTO LOAN – Here is a comparison of the monthly payments between it and the regular car loan offer of the Bank of the Philippine Islands (BPI).
There is a lot of convenience in having your own car. You can get to your target destination at the time you need and you can run at a speed that is safe for you and your loved ones. Truth be told that having at least one vehicle in a household is an edge during emergency circumstances.
Most people have a dream car. What type or model is yours? Are you planning to get it this year?
While the conveniences offered by a car are really impressive, not everyone is undeniably financially ready for it. Even those individuals with huge figures in the bank would not agree to do a big one-time payment. The next and the most sought-after option is a loan.
However, in regular loans, truth be told that the first monthly payment may be big enough considering that you just paid for a downpayment. The good thing is that the Bank of the Philippine Islands, more commonly called BPI, has an excellent offer – the BPI Step Up Auto Loan offer.
Under this Step Up PayPlan loan offer, your loan repayment will start with the smallest monthly due on the first year and it increases every year. Meanwhile, while it increases, it remains within the budget thus you can really plan out on how to carry your loan.
Here is a comparison of the BPI Step Up Auto Loan Vs. Regular Car Loan’s monthly payment based on a loan worth P800,000.00:
- Regular Loan
- Year 1 – P17,367.00
- Year 2 – P17,367.00
- Year 3 – P17,367.00
- Year 4 – P17,367.00
- Step Up PayPlan Auto Loan
- Year 1 – P15,754.00
- Year 2 – P16,384.00
- Year 3 – P17,367.00
- Year 4 – P18,756.00
- Year 5 – P19,674.00
This BPI car loan offer is only open for the acquisition of brand new cars. To check on how much you may borrow under it, feel free to visit – BPI Auto Loan Step Up PayPlan: How Much You May Borrow.
You have to prepare a certain amount for the downpayment. For a guide on the estimated amount that you must prepare, you may visit – BPI Car Loan Downpayment: How Much You Must Prepare under PayPlan Offer.
You may also visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)
