lowest auto loan rate

[JJ All Day]

hello all! i just have a noob question :

ano difference ng add on rate sa effective interest rate?

TIA!

The add-on rate is the rate based on the original principal (all though out the term), while the effective rate is the rate based on the remaining principal (which is diminishing every time a monthly amortization is paid).

Yung effective rate yung yung ginagamit for accounting purposes (international standard); at pagdetermine ng remaining balance, if in case magpreterminate ka.

[PatterBoots]

The add-on rate is the rate based on the original principal (all though out the term), while the effective rate is the rate based on the remaining principal (which is diminishing every time a monthly amortization is paid).

Yung effective rate yung yung ginagamit for accounting purposes (international standard); at pagdetermine ng remaining balance, if in case magpreterminate ka.

Thanks sa helpful info!

[rflores]

Tip: Ask for half of the dealer incentive the banks give to the car dealers.

how does this work?

[Gian Paulo]

May nag-ooffer pa ba ng 0% interest for 1-2 year period, car dealership or bank? TIA.

[Jeff2308]

Yung Peugeot na taktak 3years 0% nakita ko sa sm sta rosa 1 year ago

[melshamatlei]

i just got my car easily for 2 days after application from bank with very low rate of 5.25% PA.

[melshamatlei]

u can check with PsBank Balintawak for more details and maybe lower rates. try to haggle of course.

[urefowei]

i just got my car easily for 2 days after application from bank with very low rate of 5.25% PA.

nice sir.. congrats.. magkaiba PA depende sa loan term (period in years) tama po ba? napansin ko kasi mas matagal, mas malaki PA. TIA

[projectxuv]

Boss, how do you compute PA? Most of the banks na inapplyan ko refers to add-on rate.

[urefowei]

Boss, how do you compute PA? Most of the banks na inapplyan ko refers to add-on rate.

heto po gamit ko..
Interest Rate Calculator

yung loan amount = SRP - downpayment po ata

- - - - - - - - - - - - - - - - - - - - - -

Boss, how do you compute PA? Most of the banks na inapplyan ko refers to add-on rate.

heto po gamit ko..
http://www.calculator.net/interest-rate-calculator.html

yung loan amount = SRP - downpayment po ata

[radz15]

i just got my car easily for 2 days after application from bank with very low rate of 5.25% PA.

Nice. Ilangs years po yung loan nyo?

[melshamatlei]

opo mas mahaba ang loan term mas mataas babayran mo even at same rate per annum. kaya kung kaya po niyo un EMI ng 3 or 4 years mas makakatipid kayo. the only good thing is that the bank approval was so fast and of course the car i want was available 😊 #mazdacx5#tisay

[pastebooko]

Mataas ba ang 9.68% payable in 5 years?

[Walter]

That's quite high. Going rate is around 5% annually.

[shembot]

Yes mataas yan *pastebooko. I got mine 22.75% payable in 5 yrs. BPI eto.

[projectxuv]

Yes mataas yan *pastebooko. I got mine 22.75% payable in 5 yrs. BPI eto.

How much is the loanable amount for this rate sir ?

[urefowei]

Ito ang data galing sa Banko Sentral ng Pilipinas for comparison ng bank interest rates
http://www.bsp.gov.ph/statistics/keystat/intrates.htm

HTH

[shembot]

*projectxuv, its 1.345M

[rflores]

Guys, I need your help on this one. this is my first ever car loan, no house loan at all. earning 60k gross monthly. more than 5 years, BPO.

I am aiming for a Mitsubishi Mirage GLS CVT HB. Netprice of 628k (after discounts). I want to go 20%dp for 5 years.

My friend who works for BPI is taking sooo long, weeks wala pa rin result. Previous discussion, he was offering me 26% interest, free first month, free 1st year insurance but locked in for 5 years with them.

BDO is offering me 11472 monthly (effective rate of 37% so high), but free chattel, free 1st year insuranance with no lock in period.

If you can refer me to your Bank Officers, that would really really help. Currently, I have ongoing applications with Metrobank (no promos daw at the moment), BDO, BPI, Unionbank uli (Free chattel and free 1st year insurance with 3 years lock in).

[Troy Inovero]

Guys, I need your help on this one. this is my first ever car loan, no house loan at all. earning 60k gross monthly. more than 5 years, BPO.

I am aiming for a Mitsubishi Mirage GLS CVT HB. Netprice of 628k (after discounts). I want to go 20%dp for 5 years.

My friend who works for BPI is taking sooo long, weeks wala pa rin result. Previous discussion, he was offering me 26% interest, free first month, free 1st year insurance but locked in for 5 years with them.

BDO is offering me 11472 monthly (effective rate of 37% so high), but free chattel, free 1st year insuranance with no lock in period.

If you can refer me to your Bank Officers, that would really really help. Currently, I have ongoing applications with Metrobank (no promos daw at the moment), BDO, BPI, Unionbank uli (Free chattel and free 1st year insurance with 3 years lock in).

Sir/Mam saan po area nyo? May friend akong JAM sa security bank lagro. She can help you with your concern.

- - - - - - - - - - - - - - - - - - - - - -

Guys, I need your help on this one. this is my first ever car loan, no house loan at all. earning 60k gross monthly. more than 5 years, BPO.

I am aiming for a Mitsubishi Mirage GLS CVT HB. Netprice of 628k (after discounts). I want to go 20%dp for 5 years.

My friend who works for BPI is taking sooo long, weeks wala pa rin result. Previous discussion, he was offering me 26% interest, free first month, free 1st year insurance but locked in for 5 years with them.

BDO is offering me 11472 monthly (effective rate of 37% so high), but free chattel, free 1st year insuranance with no lock in period.

If you can refer me to your Bank Officers, that would really really help. Currently, I have ongoing applications with Metrobank (no promos daw at the moment), BDO, BPI, Unionbank uli (Free chattel and free 1st year insurance with 3 years lock in).

Sir/Mam saan po area nyo? May friend akong JAM sa security bank lagro. She can help you with your concern.