lowest auto loan rate

[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.

[rflores]

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

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




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

Residence: Brgy Tatalon Quezon City
Workplace: Megamall

[Troy Inovero]

Residence: Brgy Tatalon Quezon City
Workplace: Megamall

PM'd you
Too short

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

Residence: Brgy Tatalon Quezon City
Workplace: Megamall

PM'd you
Too short

[pastebooko]

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

Waaah. akala ko mababa na kinuwa ko na yung deal huhu.. bale I got the HB Mirage GLX CVT, 20% DP.. 422k yung loanable amount.

Monthly ko for 5 years ay 9k

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

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

Waaah. akala ko mababa na kinuwa ko na yung deal huhu 1st time loan ko kasi to.. bale I got the HB Mirage GLX CVT, 528k total price, then i paid the 20% dp.. 422k yung loanable amount.

Monthly ko for 5 years ay 9k

[Jeff2308]

How much is the loanable amount for this rate sir ?

Yung sa akin sir ok na ba to offer sa akin ng bpi
26.54% rate for the entire 5years? With free insurance and 15,500 chattel. Thanks

[Jeff2308]

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

Sir shembot,
Yung sa akin sir ok na ba to offer sa akin ng bpi
26.54% rate for the entire 5years? With free insurance and 15,500 chattel and free one month amortization. Thanks

[pastebooko]

Pano nakuwa yung 26.54% ?


Nag compute ako nung sakin nde ko alam kung tama hahaha..

Bale monthly amort : 8909 x 60 = 534,540
Dp = 105,600

Total = 640,140

640,140 minus total Price 528,000 = 112,140

Bale 21.23% compute ko tama ba??? [emoji28][emoji28][emoji28]

[Walter]

Computation should be 534,540 / (SRP - DP)

[dos2]

Pano nakuwa yung 26.54% ?


Nag compute ako nung sakin nde ko alam kung tama hahaha..

Bale monthly amort : 8909 x 60 = 534,540
Dp = 105,600

Total = 640,140

640,140 minus total Price 528,000 = 112,140

Bale 21.23% compute ko tama ba??? [emoji28][emoji28][emoji28]

Interest brod is computed using the amortized amount (unit price minus DP) and not the total price.
Eto po pano ko kinompyut :

Total Interest = ((Monthly Amortization * Months) - (Total Price - DP)) / (Total Price - DP)
= (534540 - 422,400) / 422,400
= 26.548%

[Lew_Alcindor]

Pano nakuwa yung 26.54% ?


Nag compute ako nung sakin nde ko alam kung tama hahaha..

Bale monthly amort : 8909 x 60 = 534,540
Dp = 105,600

Total = 640,140

640,140 minus total Price 528,000 = 112,140

Bale 21.23% compute ko tama ba??? [emoji28][emoji28][emoji28]

Kamote hahaha. Joke lang hahaha
Walang kinalaman ang DP sa jan.


Monthly amort : 8909 x 60 = 534,540

Tapos yung Loan Amount mo.

534,540 - Loan Amount
Loan Amount


Halimbawa 400,000 loan amount mo so

=(534,540 - 400,000)/400,000

=134,540/400,000
=0.336
=multiply by 100 kung gusto mo in percent=33.6%

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

Pano nakuwa yung 26.54% ?


Nag compute ako nung sakin nde ko alam kung tama hahaha..

Bale monthly amort : 8909 x 60 = 534,540
Dp = 105,600

Total = 640,140

640,140 minus total Price 528,000 = 112,140

Bale 21.23% compute ko tama ba??? [emoji28][emoji28][emoji28]

Kamote hahaha. Joke lang hahaha
Walang kinalaman ang DP sa jan.


Monthly amort : 8909 x 60 = 534,540

Tapos yung Loan Amount mo.

534,540 - Loan Amount
Loan Amount


Halimbawa 400,000 loan amount mo so

=(534,540 - 400,000)/400,000

=134,540/400,000
=0.336
=multiply by 100 kung gusto mo in percent=33.6%