Driven by the commitment to bring the “Joy of Buying” to more Filipinos, especially during today’s tough economic challenges and rising prices, Honda Cars Philippines, Inc. (HCPI) has partnered with the Bank of the Philippine Islands (BPI) to introduce the innovative Step Up Pay Plan. This exclusive financing program empowers starting young professionals and growing families to confidently achieve their dream Honda car while saving for the rainy days. By offering a uniquely flexible payment scheme where monthly amortizations start low and grow along with their career and financial milestones, HCPI and BPI are giving families a stress-free payment option, making high quality mobility more accessible, optimistic, and rewarding than ever before.
To further ease the transition into vehicle ownership, the program offers a comprehensive all-in package financing scheme for 15% and 20% down payment options on 60-month terms. To significantly cut down upfront costs for buyers, BPI will also cover the Personal Property Security Act (PPSA) Service Fees and Insurance for up to P50,000 each.
PROMO MECHANICS & TERMS:
- Eligibility: The financing program is applicable to qualified accounts with a minimum loan amount of P500,000.
- Promo Period: The financing program is valid from May 19 to July 31, 2026.
- Down Payment (DP) Term: The 15% and 20% DP all-in package is exclusive to 60-month terms and is subject to bank approval.
- Partner Rates: Interest rates may vary and are subject to credit review by BPI.
- List of Applicable Models: The Step-Up Pay Plan is applicable to the following models:
| Model | Variant | Year Model |
| City | 1.5 S CVT Honda SENSING | 2025 |
| 1.5 V CVT Honda SENSING | ||
| 1.5 S CVT Honda SENSING | 2026 | |
| 1.5 S CVT 30th Anniversary Pearl Edition | ||
| 1.5 V CVT Honda SENSING | ||
| City Hatchback | 1.5 RS CVT | 2026 |
| 1.5 RS CVT 30th Anniversary Pearl Edition | ||
| BR-V | 1.5 VX CVT Honda SENSING | 2025 |
| 1.5 S CVT | 2026 | |
| 1.5 V CVT | ||
| 1.5 VX CVT Honda SENSING | ||
| HR-V | 1.5 S CVT Honda SENSING | 2026 |
| 1.5 V CVT Honda SENSING |
- Sample Amortization Schedule:
| Model | Variant | Year Model | Monthly Amortization | ||||
| 1st Year | 2nd Year | 3rd Year | 4th Year | **5th Year | |||
| City | 1.5 S CVT Honda SENSING | 2026 | 17,185 | 17,682 | 18,412 | 19,445 | |
| City Hatchback | 1.5 RS CVT | 20,399 | 20,988 | 21,855 | 23,081 | ||
| BR-V | 1.5 S CVT | 19,884 | 20,458 | 21,303 | 22,498 | ||
| HR-V | 1.5 S CVT Honda SENSING | 24,677 | 25,390 | 26,439 | 27,921 | ||
*Based in 20% All-in Low Monthly Scheme, monthly amortization may vary depending on approved rate
**Increase in amortization on the 5th YR may vary according to the approved rate and customer’s outstanding balance
With the Step Up Pay Plan, HCPI and BPI reinforce their commitment to providing practical and market-responsive solutions, ensuring that owning a Honda remains a rewarding and seamless experience for Filipinos nationwide.
For more information on the Step Up Pay Plan, customers may visit their nearest authorized Honda Cars dealership. Learn more about HCPI’s latest promotions and offers at https://www.hondaphil.com/promos.