Program highlights
Flexible payment terms
Get a loan term of 72 months for all cars, and 84 months for select brands and models.
Lower monthly payments
Manage your cash flow with lower monthly payments and a minimum downpayment of 15%.
Low income requirements
Apply with a gross monthly income as low as Php 30,000.
Exclusive partner offers
Enjoy up to Php 18,400 cash discount.
Eligibility
Individual
Borrower
Loan amount
Php 500,000
Loan term
72 or 84 months
Loan purpose
Brand new vehicles
Downpayment
Minimum of 15%
Promotion mechanics
1. The promo period will run from January 26 to December 31, 2024, for online, branch, and dealer-referred accounts.
2. The promo is open to all individual clients whose applications are received within the promo period and booked on or before January 31, 2025.
3. The minimum loan amount is Php 500,000.
4. Exclusive Partner offers will be deducted from the car unit’s SRP.
5. The Exclusive Partner Offers are only applicable for MyKotse accounts that have 72- or 84-month loan term.
6. The promo offers can be availed in conjunction with the bank’s existing promo offers.
7. The loan application is subject to the bank’s standard loan evaluation process, terms, and conditions.
General terms and conditions
1. BPI MyKotse is available for brand new passenger cars only.
2. Loan terms of up to 72 months is available to all passenger car types and brands.
3. Loan terms of up to 84 months is available to vehicles with engine displacements of 1.4L and higher and for select car brands only.
4. Corporate clients and fleet applications are not eligible under BPI MyKotse.
5. Payment solutions such as Auto Loan Multiyear Protect, Step-Up Payplan, and Zero Cash-out are not available under BPI MyKotse.
Interest rates
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% |
Customer support
For inquiries and comments, please send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.
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| BPI is regulated by the Bangko Sentral ng Pilipinas