Loan calculator
See the whole cost before you apply
Every figure below comes from our lending system: the same computation your disclosure statement will use, for the amount and term you choose.
₱10,000₱150,000
Paid every month.
Results
- Estimated monthly payment
- ₱5,416.67
- Estimated total repayment
- ₱65,000.00
- Total interest
- ₱15,000.00
- Cash you receive (net proceeds)
- ₱48,100.00
- Effective interest rate
- 4.97% a month
Illustrative figures for the amount and term you chose. The final terms are subject to assessment and are set out in your disclosure statement before you sign.
Every figure, as your disclosure statement will show it
| Loan amount (principal) | ₱50,000.00 |
|---|---|
| Less: Processing Fee | (₱1,500.00) |
| Less: Notarial Fee | (₱400.00) |
| Net proceeds, the cash you receive | ₱48,100.00 |
| Instalment, monthly (12 payments) | ₱5,416.67 |
| Total interest | ₱15,000.00 |
| Total of payments | ₱65,000.00 |
| Nominal interest rate | 2.5% a month |
| Effective interest rate | 4.97% a month, 59.6% a year |
Payment schedule
| No. | Due, days after release | Principal | Interest | Instalment |
|---|---|---|---|---|
| 1 | 31 | ₱3,108.98 | ₱2,307.69 | ₱5,416.67 |
| 2 | 61 | ₱3,301.29 | ₱2,115.38 | ₱5,416.67 |
| 3 | 92 | ₱3,493.59 | ₱1,923.08 | ₱5,416.67 |
| 4 | 123 | ₱3,685.90 | ₱1,730.77 | ₱5,416.67 |
| 5 | 151 | ₱3,878.21 | ₱1,538.46 | ₱5,416.67 |
| 6 | 182 | ₱4,070.52 | ₱1,346.15 | ₱5,416.67 |
| 7 | 212 | ₱4,262.82 | ₱1,153.85 | ₱5,416.67 |
| 8 | 243 | ₱4,455.13 | ₱961.54 | ₱5,416.67 |
| 9 | 273 | ₱4,647.44 | ₱769.23 | ₱5,416.67 |
| 10 | 304 | ₱4,839.75 | ₱576.92 | ₱5,416.67 |
| 11 | 335 | ₱5,032.05 | ₱384.62 | ₱5,416.67 |
| 12 | 365 | ₱5,224.32 | ₱192.31 | ₱5,416.63 |
Due dates are counted from the release date, which is set when your loan is released.
This is the same computation your disclosure statement will use.
Reading the figures
- Net proceeds is the cash you receive: the loan amount less the fees deducted at release.
- Total of payments is every instalment added up: the loan amount plus the interest.
- The effective interest rate counts the interest and the fees against the cash you actually receive. Compare loans by it. More on your rights.