Philippine Loan Calculator
Calculate payments for Pag-IBIG housing loans, bank mortgages, auto loans, and personal loans. Get detailed amortization schedules and see how much you can save with Philippine interest rates.
How to Calculate Your Loan
Choose Loan Type
Select Housing (Pag-IBIG or bank), Auto, or Personal loan with pre-filled Philippine interest rates
Enter Loan Details
Input loan amount in PHP, select term (5-30 years), and adjust interest rate based on your lender
View Payment Breakdown
See monthly payment, total interest, and complete amortization schedule showing principal vs interest
Compare & Plan
Try different scenarios (shorter terms, extra payments) and compare Pag-IBIG vs bank options
Philippine Loan Calculator
Calculate monthly payments for housing loans (Pag-IBIG, bank mortgages), auto loans, and personal loans. Get detailed amortization schedules and total cost breakdowns.
Loan Calculator
๐ก Quick Tips
- โข Higher down payment = Lower monthly payments
- โข Shorter loan term = Higher payments but less interest
- โข Compare rates from multiple lenders
- โข Consider total cost, not just monthly payment
Ready to Calculate
Enter your loan details on the left to see payment calculations and amortization schedule.
Philippine Loan Types Guide
๐ Housing Loans
๐Auto Loans
๐ณPersonal Loans
Smart Loan Planning Tips
Before Applying
- Check your credit score and clean up any issues
- Save for a larger down payment to reduce monthly payments
- Compare rates from multiple lenders
- Calculate total debt-to-income ratio (should be <30%)
During the Loan
- Set up auto-pay to never miss payments
- Make extra principal payments when possible
- Consider refinancing if rates drop significantly
- Keep an emergency fund for 3-6 months of payments
Pro Tips for Philippine Loans
๐ Pag-IBIG Saves Millions
For โฑ3M housing loan over 20 years: Pag-IBIG at 6.5% costs โฑ22,400/month vs bank at 9% costs โฑ27,000/month. That's โฑ1.1M saved!
โฑ๏ธShorter Terms = Huge Savings
โฑ2M loan at 8%: 30 years = โฑ5.3M total interest, 15 years = โฑ2.4M interest. Pay โฑ4,400 more monthly, save โฑ2.9M!
๐ฐExtra Payments Multiply
Adding just โฑ5,000/month extra to a โฑ3M, 20-year loan at 7% cuts 6 years off repayment and saves โฑ800,000.
๐Shop Around for Rates
1% interest difference = โฑ300,000-500,000 saved on typical housing loans. Get quotes from Pag-IBIG, BPI, BDO, Metrobank.
๐ฏ20% Down Payment Minimum
Most banks require 20% down. For โฑ3M property: need โฑ600K down. Higher down = lower monthly payments.
โ ๏ธDon't Exceed 30% Income
Monthly loan payment shouldn't exceed 30-35% of gross income. With โฑ60K salary: max โฑ18-21K payment.
Who Uses Philippine Loan Calculator?
First-Time Home Buyers
Calculate if you can afford that โฑ2-5M house or condo with your current salary
- โCompare Pag-IBIG vs bank mortgages
- โSee impact of different down payments
- โCalculate how extra payments cut years off mortgage
Auto Loan Shoppers
Calculate car loan payments for that โฑ800K-1.5M vehicle
- โCompare 3-year vs 5-year terms
- โSee down payment impact on monthly costs
- โCompare dealer financing vs bank loans
Personal Loan Seekers
Calculate personal loans for debt consolidation or emergencies
- โConsolidate high-interest credit card debt
- โPlan home renovation with fixed payments
- โCompare lender rates and terms
Frequently Asked Questions
Q: How accurate are these loan calculations?
A: This is an estimator tool only. It does NOT include bank fees, insurance, processing charges, or other costs. Interest rates shown are examples. Always contact the bank directly for an official quote before making any financial decisions.
Q: How much house can I afford with my salary?
A: Maximum house price = 5-6x annual gross income. With โฑ60K/month salary, you can afford โฑ3.6-4.3M property. Banks approve loans where monthly payment โค 30-35% of income.
Q: Should I choose fixed or variable interest rate?
A: Fixed rate: predictable payments, good when rates are low. Variable rate: lower initial rate but can increase. Pag-IBIG offers fixed rates for entire loan term (rare!).
Q: How much can I save by paying off my loan early?
A: Example: โฑ3M loan at 7% for 20 years. Pay extra โฑ5K/month: finish in 14 years, save โฑ900K. Even 13th-month pay applied to principal saves โฑ200-400K.
Q: Can OFWs apply for Pag-IBIG housing loans?
A: Yes! OFWs can apply with 24+ monthly Pag-IBIG contributions. Maximum โฑ6M loan, 6.5-7% interest rate, 30-year term available.