Car & motorcycle loan calculator

How this calculation works

Use the cash price and the actual financing method from the dealer or lender. A monthly add-on rate differs from an annual reducing-balance rate. Enter registration, document fees and insurance below to include them in your cash budget. Costs added to the loan must be included in the financed amount instead, do not also enter them as separately paid fees.

Try a payment before choosing a company

Choose an amount and term, then change the interest rate to see what your budget can handle. Example rates are assumptions, not lender offers or approval criteria. Fees, insurance and changing rates can alter the real cost.

With reducing-balance interest, each month’s interest is calculated on the remaining principal. Monthly add-on interest uses the original principal. The same percentage under these methods does not mean the same cost.

For example, ₱100,000 at an assumed 12% annual reducing-balance rate costs about ₱8,884.88/month over 12 months or ₱4,707.35/month over 24 months, before fees. The longer term lowers the installment but increases total interest from about ₱6,618.55 to ₱12,976.33.

Compare loan companies and published requirements once you have a budget. If you already have written offers, compare their actual repayments and fees.

Sources & assumptions

Formula-based scenario using your inputs. Example rates are not provider offers.

Rules and sources reviewed 30 September 2026. Estimates are for planning, actual payroll and lender terms can differ.