1. Go to any BPI branch.
2. Completely fill out the application form.
3. Submit the requirements. Your application will be reviewed and processed.
4. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
5. Sign the loan documents.
Benefits
Affordable
Enjoy low rates, down payment options as low as 15%* and flexible payment terms of up to 7 years.
*Loan tenors of up to 7 years are limited to select brands and models.
Easy to Apply
Apply through any of our over 800 BPI branches nationwide or any of our accredited dealerships nationwide.
Reliable
Start your new auto loan journey with us and we will guide you in every step of the way.
Low cash-out
Choose our newest payment feature, Step Up PayPlan, Multi Year Protect Program, and Zero Cash Out.
Convenient
Your BPI account will automatically be enrolled via an automatic debit arrangement to make your monthly payments convenient.
How to apply
Apply in the branch
Apply online
1. Completely fill out our Auto Loan online application form.
2. Submit the requirements. Your application will be reviewed and processed.
3. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
4. Sign the loan documents.
Tools and services
From planning to application, we'll make the process a smooth ride.
Frequently asked questions
What are the rates for brand new cars?
| 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% |
What are the rates for second-hand cars?
| 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% |
What are the qualifications to apply for an Auto Loan?
1. At least 21 years old but not more than 70 years old upon loan maturity
2. Minimum Household Income: Php 30,000
What is the minimum and maximum loan amount?
1. Brand New
a. Minimum Loan Amount: Php 200,000
b. Maximum Loan Amount: Up to 85% of the purchase price
2. Second Hand
a. Minimum Loan Amount: Php 200,000
b. Maximum Loan Amount: Up to 70% of the purchase price
What is the term of the loan?
Minimum Loan Term: 1 year
Maxium Loan Term: Up to 7 years
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| BPI is regulated by the Bangko Sentral ng Pilipinas