Loan Calculator Philippines 2026: Monthly Amortization
Before signing any loan agreement in the Philippines, you need to know your monthly amortization and the total cost of borrowing. It doesn't matter if it's a personal loan from a bank, an SSS salary loan, a Pag-IBIG housing loan, or a car loan. The **Loan Calculator Philippines 2026** uses the standard amortization formula to break down exactly how much you'll pay each month and how much total interest you'll shoulder over the life of the loan. This tool covers all types of Philippine loans: BDO personal loans, BPI home loans, RCBC auto loans, microfinance loans, and cooperative loans. Simply enter the principal amount, the annual interest rate quoted by your lender, and your preferred term in months. The calculator instantly shows your monthly payment and total cost.
Calculator
How It Works
- 1
Enter the total loan amount (principal) you wish to borrow.
- 2
Input the annual interest rate as stated in your loan contract.
- 3
Choose your preferred repayment term in months.
- 4
The calculator applies the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n - 1].
- 5
Monthly payment = principal + interest spread evenly across all periods.
- 6
Total interest = (monthly payment × term) − principal.
Frequently Asked Questions
Personal loan rates in the Philippines typically range from 1.2% to 3.5% per month (14.4%–42% annually). Banks like BDO, BPI, and Metrobank usually offer lower rates (1.2%–1.8%/month) while online lenders and cooperatives may charge higher rates.