How to use the Philippines Loan Repayment Calculator

1. Read the scope and choose the correct period and salary basis.
2. Enter amounts in Philippine pesos. Replace the example values with your own planning figures.
3. Select Calculate estimate, then compare each output with your records.

Worked example

For ₱100,000 over 12 months at 12% nominal annual reducing-balance interest, the monthly rate is 1% and the estimated payment is ₱8,884.88. Total repayments are approximately ₱106,618.55 before lender rounding. A ₱2,000 deducted fee reduces cash proceeds to ₱98,000 without reducing the financed principal.

Method and limitations

The tool assumes equal payments at the end of each month, a constant nominal annual rate divided by twelve, and a fixed number of monthly payments. With a zero rate, principal is divided equally by the number of payments. For a positive rate, the standard annuity formula is applied. Calculations retain precision internally, so multiplying the displayed rounded payment can differ slightly from the total shown.

The estimate excludes variable-rate resets, grace periods, daily accrual, balloon payments, insurance, late charges, early repayment rules and financed fees. It does not model a specific Pag-IBIG housing loan, credit card or government lending product. Do not use a low illustrated payment as proof of affordability: compare the full budget and contractual obligations separately.

Read the Philippines Loan Interest Guide for the assumptions, records to check and common differences.

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