Estimate Loan Payments Clearly
Check monthly payments before you commit.
Use this free loan calculator for housing, auto, and personal loans with payment breakdowns and Philippine planning context.
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
Quick Tips
- - Higher down payment = Lower monthly payments
- - Shorter loan term = Higher payments but less interest
- - Compare rates from multiple lenders
- - 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
Housing Loans
Auto Loans
Personal 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
Pag-IBIG Saves Millions
For PHP 3M housing loan over 20 years: Pag-IBIG at 6.5% costs PHP 22,400/month vs bank at 9% costs PHP 27,000/month. That's PHP 1.1M saved!
Shorter Terms = Huge Savings
PHP 2M loan at 8%: 30 years = PHP 5.3M total interest, 15 years = PHP 2.4M interest. Pay PHP 4,400 more monthly, save PHP 2.9M!
Extra Payments Multiply
Adding just PHP 5,000/month extra to a PHP 3M, 20-year loan at 7% cuts 6 years off repayment and saves PHP 800,000.
Shop Around for Rates
1% interest difference = PHP 300,000-500,000 saved on typical housing loans. Get quotes from Pag-IBIG, BPI, BDO, Metrobank.
20% Down Payment Minimum
Most banks require 20% down. For PHP 3M property: need PHP 600K down. Higher down = lower monthly payments.
Don't Exceed 30% Income
Monthly loan payment shouldn't exceed 30-35% of gross income. With PHP 60K salary: max PHP 18-21K payment.
Who Uses Philippine Loan Calculator?
First-Time Home Buyers
Calculate if you can afford that PHP 2-5M house or condo with your current salary
- DoneCompare Pag-IBIG vs bank mortgages
- DoneSee impact of different down payments
- DoneCalculate how extra payments cut years off mortgage
Auto Loan Shoppers
Calculate car loan payments for that PHP 800K-1.5M vehicle
- DoneCompare 3-year vs 5-year terms
- DoneSee down payment impact on monthly costs
- DoneCompare dealer financing vs bank loans
Personal Loan Seekers
Calculate personal loans for debt consolidation or emergencies
- DoneConsolidate high-interest credit card debt
- DonePlan home renovation with fixed payments
- DoneCompare 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 PHP 60K/month salary, you can afford PHP 3.6-4.3M property. Banks approve loans where monthly payment 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: PHP 3M loan at 7% for 20 years. Pay extra PHP 5K/month: finish in 14 years, save PHP 900K. Even 13th-month pay applied to principal saves PHP 200-400K.
Q: Can OFWs apply for Pag-IBIG housing loans?
A: Yes! OFWs can apply with 24+ monthly Pag-IBIG contributions. Maximum PHP 6M loan, 6.5-7% interest rate, 30-year term available.