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
Reliable
Start your new auto loan journey with us and we will guide you in every step of the way.
Easy to apply
Apply through any of our over 800 BPI branches nationwide or any of our accredited dealerships nationwide.
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 light/medium trucks?
| Term | Add-on rate | Effective rate |
|---|---|---|
| 12 | 6.55% | 11.88 % |
| 18 | 9.31% | 11.45% |
| 24 | 12.14% | 11.25% |
| 36 | 18.18% | 11.19% |
| 48 | 25.30% | 11.53% |
| 60 | 33.28% | 11.94% |
What are the rates for heavy trucks?
| Term | Add-on rate | Effective rate |
|---|---|---|
| 12 | 7.68% | 13.89 % |
| 18 | 11.08% | 13.56% |
| 24 | 14.67% | 13.50% |
| 36 | 22.51% | 13.70% |
| 48 | 31.27% | 14.04% |
What are the qualifications to apply for light/medium trucks?
1. At least 18 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. Light/Medium Trucks
a. Minimum Loan Amount: Php 200,000
b. Maximum Loan Amount: 70% - 80% of the approved purchase depending on the brand
2. Heavy Trucks
a. Minimum Loan Amount: Php 200,000
b. Maximum Loan Amount: 60% - 70% of the approved purchase depending on the brand
What is the minimum and maximum loan term?
1. Light/ Medium Trucks
a. Minimum Loan Term: 1 year
b. Maximum Loan Term: Up to 5 years
2. Heavy Trucks
a. Minimum Loan Term: 1 year
b. Maximum Loan Term: Up to 4 years
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| BPI is regulated by the Bangko Sentral ng Pilipinas