Loan Calculator. Use the loan repayment calculator below to get an estimate of your monthly installments, total interest cost and total loan cost.

The Benefits of Loan Calculator
Protect Yourself from Loan Sharks
Loans or ‘utang’ is part of the Filipino survival, yet however much we are in need, we have to make sure that we can still repay with ease and we protect ourselves from opportunist loan sharks. According to the 2014 World Bank Data’s Global Index Database, 13.5% of Filipinos borrowed from private informal lender and 69.7% of Filipinos experienced borrowing money. Most Filipinos are not comfortable with getting loans as we all know the weight of its responsibility; however the needs to pay for education, medical bills, utility bills and basic necessities have to come first. Before getting a loan, you must understand that there are two kinds of loans, the secured and the unsecured loan. With secured loan, you have to use certain assets such as your house and lot. For smaller scale, this means pawning your jewelry and gadgets. Secured loans usually are long term loans. As for the unsecured loans, these types of loans are more risky for the lending companies since they have no assets to collect in case the borrower is unable to pay, this is why these types of personal loans are usually short term and offered in smaller amount compared to secured loans.

ONLINE LOAN PHILIPPINES
Many people have already forgotten about the endless queues in the stuffy banking offices – оnline lending became commonplace. Many companies issue easy loan online without collateral, guarantors and the collection of numerous documents. It isn’t necessary to wait a long time for the application to be approved, the whole procedure for issuing funds takes about an hour.

For several decades, banks were always the go-to place when getting a loan. It has been instilled in people’s minds that you must fall into a long queue and submit several requirements for your loan to get approved. But today, everything is streamlined – thanks to technology and the internet. Several financing companies are now offering a fast release online loan. Getting quick cash in the Philippines has become easier than before.

Minimum and maximum repayment period: 62 - 9125 days
Maximum Annual Rate (APR) – 20%
A typical example of the total cost of the loan, including the principal and all applicable fees - PHP 1,000 for a 50-month loan, fixed interest rate 18%, APR 19.75%, contract fee PHP 0, repayments PHP 1,387.75 and total amount paid by the consumer PHP 1,387.75. Depending on the size of the loan amount and the length of the loan period, the maximum annual interest rate can be 18% to 35%. Check the conditions and consult an expert
The full repayment period of the loan is over 62 days