Calculate monthly payments, total interest, and amortization schedules for housing, auto, and personal loans in the Philippines.
Typical: 10-20% of property value
Current range: 4.5% - 12%
Maximum: 30 years
Philippine banks offer competitive housing loan rates ranging from 4.5% to 12% annually. Most require 10-20% down payment with terms up to 30 years. Popular lenders include BPI, BDO, Metrobank, and government institutions like Pag-IBIG.
Car loans in the Philippines typically have higher rates (5-15%) with shorter terms (up to 7 years). Banks and financing companies offer competitive packages for both brand new and second-hand vehicles.
Personal loans offer quick access to funds for various needs but come with higher interest rates (8-30%) and shorter terms (up to 5 years). No collateral required, making them accessible but expensive.
Before applying for any loan in the Philippines, ensure you have stable income, good credit history, and emergency funds. Shop around for the best rates and terms.
Step 1: Choose your loan type (Housing, Auto, or Personal)
Step 2: Enter the loan amount and down payment
Step 3: Set the interest rate based on current market rates
Step 4: Select your preferred loan term
Step 5: Review your monthly payment and total interest
Step 6: View detailed amortization schedule if needed
