Car Loan Calculator Philippines
Enter the car's price, your downpayment, the loan term and the bank's yearly rate to see your monthly amortization.
How the calculation works
The calculator uses a standard amortized loan: the amount financed is the price minus your downpayment, and each monthly payment covers interest on the remaining balance plus part of the principal. Philippine banks often quote an add-on rate instead, which looks lower on paper. Ask the bank for the monthly figure in writing and compare that.
The result leaves out chattel mortgage fees, comprehensive insurance and LTO registration. Dealers sometimes roll those into all-in downpayment promos. Read our car loan guide for the details.
Example payments for popular cars
| Model | SRP from | 20% down | Monthly (60 mo, 10%) |
|---|---|---|---|
| Suzuki Carry | ₱614,000 | ₱122,800 | ₱10,437 |
| Toyota Corolla Altis | ₱1,213,000 | ₱242,600 | ₱20,618 |
| Toyota Fortuner | ₱1,775,000 | ₱355,000 | ₱30,171 |
| Kia EV9 | ₱5,988,000 | ₱1,197,600 | ₱101,782 |