Affordable icon

Most affordable way to own your dream car

Loan payments will start at the lowest value on the first year and slowly increases in the following years.

Convenient icon


Your BPI account will automatically be enrolled via an automatic debit arrangement to make your monthly payments convenient.

Low downpayment icon

Low Downpayment

A minimum of 15% downpayment is required.

Offer mechanics

On the first year of your Step Up PayPlan, the amount of the monthly loan payment can be 10% lower than the monthly amortization of a regular Auto Loan.

From year 2 onwards, the amount of your monthly loan payment will start to increase slowly. This will ensure that your Auto loan payments will stay affordable until the end of the loan term.



Sample Computation

Loan Amount: Php 800,000
Loan Term: 60 months
Rate: 10.93%

TermRegular Auto LoanStep Up PayPlan
Year 117,36715,754
Year 217,36716,384
Year 317,36717,367
Year 417,36718,756
Year 517,36719,674

Terms and Conditions

1. Step Up PayPlan is available to individual applicants who want to avail a brand new passenger car.

2. The maximum loan term is 5 years.

3. The minimum down payment is 15% with a minimum loan amount of Php 500,000.

4. Loan payments can be done via Auto Debit Arrangement.



How to apply


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.



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.


Regular Auto Loan vs. Step Up PayPlan
SpecificsRegular Auto LoanStep Up PayPlan
Amount of monthly Payment/ AmortizationFixed equal monthly payments for the duration of the loan term. No annual price increaseAmount of monthly payment varies every year, starting with the smallest value on the first year, and lightly steps up on each succeeding year
Product benefitBudget your monthly expenses ahead of time and set aside the same fixed amount from start to end of your loan termPlan and control how much you pay each year so you can free up your funds for new opportunities or other expenses
Type of vehicle to purchaseBrand New or Pre-Owned
Passenger Vehicle

Can be used to purchase Big Bikes or Trucks
Brand New
Passenger Vehicle
Term of duration of loanCan opt for short or long term such as 1,2,3,4 or 5 years5 years
Motor insuranceOutright Payment before loan availment. Insurance premium for succeeding years are paid in lump sum every year 
Initial cash outStandard cash-out for Insurance Premium and Chattel Mortgage
PriceSame as published interest rate

Ready to drive your dream car?

Make it happen and apply for an Auto Loan.

Customer support


For inquiries and comments, send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.



More payment solutions you might be interested in

Zero Cash Out

Drive your own car without the need to cash-out a single centavo.

Multiyear Protect

Designed to give you premium and all-in-one services.
Need more help?

Get all the help for your banking needs.