Tools/Car Loan Calculator
Loan

Car Loan Calculator

Calculate car loan payments including down payment, monthly installments with add-on interest, and chattel mortgage registration fees.

Car Loan Calculator

Estimate your monthly car loan payment, total interest, and chattel mortgage fee.

The total selling price of the vehicle.

Typically 20-30% for auto loans in PH. A higher down payment reduces your monthly amortization.

The monthly add-on interest rate from the bank or financing company.

Loan repayment period. Common terms are 36, 48, or 60 months.

How This Tool Works

How It Works

Philippine car loans typically use add-on (flat) interest rates. The calculator includes the chattel mortgage fee (a legal requirement for financed vehicles).

Structure

  1. Vehicle Price: The total price of the car
  2. Down Payment: Usually 20-30% of vehicle price
  3. Loan Amount: Vehicle price minus down payment
  4. Chattel Mortgage: ~1.5% of loan amount (registration fee)
  5. Monthly Payment: (Loan + Interest) / Months

Typical PH Car Loan Terms

  • Down payment: 20-30%
  • Interest rate: 0.5% - 1.5% per month (flat)
  • Term: 12-60 months
  • Chattel mortgage: 1-2% of loan amount

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