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Auto Loan EMI Calculator

Get an instant estimate of your vehicle loan EMI with Zigwheels's user-friendly loan calculator. Simply enter the loan amount, tenure, and interest rate, then hit 'Apply Now' to see your personalized EMIs in seconds.

  • Car Loan
  • Used Car Loan
  • Motorcycle Loan
₱
Loan Tenure
Estimated Installment Per Month
Apply Now

*The loan terms are indicative and will depend on the document verification.

Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Please Select City, Brand and Model
Loan Tenure
Estimated Monthly EMI
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

*The base price (Total cost) is calculated subject to the price of the popular models available in your selected area

Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Cars Within Your EMI Budget

  • EMI Below ₱10K
  • EMI Below ₱15K
  • EMI Below ₱20K
  • EMI Above ₱20K
Cars EMI Below ₱10K
Cars EMI Below ₱15K
Cars EMI Below ₱20K
Cars EMI Above ₱20K

Cars Within Your DP Budget

  • DP Below ₱10K
  • DP Below ₱20K
  • DP Below ₱30K
  • DP Below ₱50K
  • DP Below ₱100K
Cars DP Below ₱10K
Cars DP Below ₱20K
Cars DP Below ₱30K
Cars DP Below ₱50K
Cars DP Below ₱100K

Our Lending Partners

We are associated with numerous known and reputed auto financial institutions in the Philippines that provide assistance to vehicle buyers.

Eligibility & Documents Required for Vehicle Loan

  • Eligibility
  • Documents
  • Filipino citizen between the age of 21 - 65 years, however, not exceeding 65 years at the time of loan maturity
  • A joint monthly income of at least Php 30,000 (Php 40,000 for some banks)
  • Any salary earning individuals, sole proprietorship, partnership firm, self-employed individuals, public listed companies, private limited companies can apply for a car loan
  • Filipinos working or living in other country as OFWs with a related or qualified citizen or guarantor or co-maker
  • Foreigners living or working in the Philippines endorsed by the company with a qualified co-maker/Filipino citizen guarantor
For Individual
  • Duly accomplished loan application form
  • Valid government issued I.D. with signature and photo (Passport, Driver’s License, SSS ID, PRC ID)
  • Latest proof billing
  • Three months of pay slip
  • Certificate of Employment (CoE) with compensation
  • Latest Income Tax Return (ITR)/ BIR Form 2316
For Corporate
  • Latest Income Tax Return
  • Latest proof of addition income (stock certificates, lease contracts, and/or certificate of deposits)
  • Latest financial statements (Statement of Assets & Liabilities, Statement of Income & Expenses, Audited Financial Statements, bank statements, and photocopy of passbook for last three months)
  • Certificate of Business Registration with DTI for entities with SEC or sole proprietorship (if under partnership/corporation)
For broad working individual (OFW)
  • Proof of remittance (last three months or more)
  • Latest crew contract for individuals working as a Seafarer/Seaman
  • Latest employment contract authenticated by the Philippine Consulate

FAQ’s on Auto Loan EMI Calculator

How to Use a Auto Loan EMI Calculator?

    Using a auto loan EMI calculator is relatively simple and straightforward. The following are the steps to use a auto loan EMI calculator:
  • Enter the loan amount: The first step is to enter the amount of loan you wish to take for the auto.
  • Enter the interest rate: The second step is to enter the interest rate offered on the loan by the lender.
  • Enter the loan tenure: The third step is to enter the tenure or the duration of the loan in months.
  • Click on "Apply Loan": Once you have entered all the required information, click on the "Apply Loan" button to get the EMI.
  • View the EMI: The calculator will then display the EMI that you need to pay every month to repay the loan.

What are the benefits of using an online Auto Loan EMI Calculator?

    Convenience: Online auto loan EMI calculators can be accessed from anywhere and at any time.
  • Speed and accuracy: Online calculators are quick and efficient in providing accurate EMI calculations.
  • Comparison: Online calculators allow users to compare different loan options based on interest rates, tenures, and down payments.
  • Cost-effective: Online calculators are free to use and don't require any additional costs.
  • Helps in planning: Knowing the EMI amount can help users plan their budget and finances, and make an informed decision about whether to take the loan or not. Additionally, it allows users to estimate the cost of a auto.

What is a car and motorcycle loan?

What are the advantages of taking car and motorcycle loans?

    There are several advantages of taking a loan when planning on buying a car or a motorcycle. It is even better than purchasing the commodity in cash. Some of the advantages of taking a loan are - easy equated monthly installments, no need to provide any collateral, builds credit history, along with insurance & road tax benefits.

What cars and motorcycles can be purchased on loan?

    In the Philippines, all car & motorcycle models can be financed via loan. Zigwheels provides loan for the following brands:

What are the eligibility requirements for getting a car and motorcycle loan?

    To apply for a loan in the Philippines, one needs to fulfill the following eligibility criteria -
  • Age between 21 to 65 years
  • Good credit score
  • Applicant must be employed or have a regular income source from a legitimate business
  • Filipinos working or living in other country as OFWs ( with a related or qualified citizen or guarantor or co-maker)
  • Foreigners living or working in the Philippines (endorsed by the company with a qualified co-maker/Filipino citizen guarantor)

What documents are needed for loan applications?

    Following documents are required to submit with a loan application in PH -
  • Proof of Billing
  • At least two valid IDs
  • Certificate of Employment
  • Latest Income Tax Return/BIR Form 2316
  • Three month of Pay slip

How much down payment must be paid by a car or motorcycle loan applicant?

    Be it either a financing institution or a bank, a loan applicant needs to settle at least 20% of the preferred vehicle’s price upfront as a down payment.
  • In case of motorcycle, it’s a Minimum of 10% based on SRP for regular/solo bike and a Minimum of 30% based on SRP for big bike.

What is the interest rate for a car and motorcycle loan in the Philippines?

    The average interest rate for a car loan in the Philippines ranges from as low as 6.56% to 31.76%. For motorcycle, on the other hand, the interest rate can range from 8.83% to 27.84%.
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