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Note: This calculator estimates monthly amortization for a Metrobank Car Loan using the effective interest rate method. Rates as low as 8.62% p.a. (promo until July 2025). Actual rates and terms may vary; consult Metrobank for precise quotes. For promotional details, visit Metrobank’s promo page.
Planning to buy a new or used car in the Philippines? A Metrobank car loan calculator Philippines is your go-to tool for budgeting, helping you compute monthly payments, total interest, and affordability based on current rates. In 2025, Metrobank offers competitive Metrobank auto loan rates starting as low as 8.62% p.a. for qualified borrowers, with flexible terms up to 60 months and loan amounts from PHP 250,000 to 80% of the vehicle’s net selling price. Whether you’re eyeing a brand-new sedan or a second-hand SUV, this guide covers the Metrobank online car loan calculator, used car loan calculator, interest rate calculator, promos, requirements, application process, and how to check your payment balance. Use these insights to drive home your dream ride without surprises.
The Metrobank auto car loan calculator estimates your monthly amortization by inputting the vehicle price, down payment, loan term, and interest rate. It uses an effective interest rate (EIR) formula to show total costs, including principal and interest.
Basic formula: Monthly Payment = [Loan Amount × Monthly Rate × (1 + Monthly Rate)^Term] / [(1 + Monthly Rate)^Term – 1]
Adapt for promos like waived fees up to PHP 60,000 (covering chattel mortgage, DST, and notarial fees). Tools provide instant breakdowns, helping you decide between a 36-month or 60-month term.
Pro tip: For a Metrobank car loan interest rate calculator, start with the promo rate of 8.62% p.a.—it factors in your credit score and vehicle type for personalized quotes.
Metrobank’s Metrobank car loan interest rate is fixed and competitive, with EIRs varying by term and borrower profile. New cars qualify for lower rates; used cars (up to 5 years old) add a slight premium.
| Loan Term (Months) | Interest Rate (p.a.) | Effective Rate (EIR) Example | Best For |
|---|---|---|---|
| 12-24 | 8.62%-9.50% | 14.5%-15.8% | Short-term, low total interest |
| 36-48 | 8.70%-10.00% | 15.0%-16.5% | Balanced payments |
| 60 | 9.00%-10.50% | 15.5%-17.0% | Longer affordability |
Rates are indicative; actuals depend on approval. For Metrobank used car loan calculator, add 0.5-1% to base rates for second-hand vehicles.
The Metrobank car loan promo 2025—Goals Made Real and Happy Holideals—runs through July 31 (Goals) and October 15 (Holideals), offering perks to make financing sweeter.
| Promo Feature | Details | Eligibility |
|---|---|---|
| Low Rates | As low as 8.62% p.a. (Goals) or 8.70% (Holideals) | Approved applications booked by promo end |
| Waived Fees | Up to PHP 60,000 (CMRF, DST, notarial) | New/used car purchases |
| Free Insurance | 1-year AXA Philippines coverage | All qualified loans |
| Credit Card Pre-Qual | Metrobank Toyota card for fuel perks | Vehicle buyers |
Use the Metrobank car loan promo 2025 calculator to simulate savings—e.g., a PHP 800,000 loan at 8.62% over 48 months saves ~PHP 20,000 in fees.
Assuming a PHP 1,000,000 vehicle, 20% down (PHP 200,000 loan), and promo rates (no fees).
| Term (Months) | Monthly Payment (PHP) | Total Interest (PHP) | Notes |
|---|---|---|---|
| 36 | ~6,300 | ~26,800 | Quick payoff; used for new cars |
| 48 | ~4,950 | ~37,600 | Balanced; fits most budgets |
| 60 | ~4,200 | ~52,000 | Lowest monthly; for second-hand |
For a Metrobank second hand car loan calculator: PHP 600,000 vehicle, 10% down, 9.50% rate, 36 months: ~PHP 18,500/month.
To qualify for a Metrobank bank car loan calculator estimate, meet these basics:
| Requirement Type | Details |
|---|---|
| Age | 21-65 years at maturity |
| Income | Minimum PHP 20,000/month (salaried); PHP 30,000 (self-employed) |
| Documents | Valid ID, proof of income (2 months payslips/ ITR), bank statements, vehicle quotation |
| Credit | Good standing; no active delinquencies |
| Down Payment | 20% new; 25% used (min PHP 50,000) |
For used cars: Vehicle ≤5 years old, from accredited dealers.
How to apply car loan in Metrobank? It’s straightforward—online or in-branch.
Online applications are faster; track via app or hotline (02) 88-700-700.
How to check my car payment balance? Easy options:
Pro tip: Set up e-statements to monitor anytime—avoids late fees (PHP 500-1,000).
Buying a new or used car? The Metrobank Car Loan Calculator helps you estimate monthly installments, loan terms, and total costs with just a few clicks. Designed to make financial planning easier, it gives you a clear view of how much you can afford based on your income and preferred vehicle price.
To use the calculator, simply input the car price, down payment amount, interest rate, and loan tenure. The system will instantly compute your estimated monthly payment, total financing cost, and interest over the loan period. This easy-to-use tool lets you compare different terms so you can choose the one that best fits your budget.
Using the Metrobank Car Loan Calculator ensures smarter decision-making before applying for financing. It helps you avoid overcommitting to payments, balance your expenses, and plan your savings efficiently. Whether you’re eyeing a brand-new model or a preloved vehicle, this calculator empowers you to make informed choices before heading to your nearest Metrobank branch.