Philippine Personal Loan Add-On Rate Calculator

A monthly add-on rate is applied to the original loan amount for every month of the loan term, rather than to the remaining balance. The interest is added to the amount borrowed and divided into fixed monthly payments.

No. An add-on rate calculates interest on the original principal for the full term, even as you repay it. An effective rate reflects the timing and declining balance of repayments, so it is usually higher than the same-looking add-on rate.

It estimates a fixed-rate loan with equal monthly payments at the end of each month. Lenders may use different rounding, payment dates, insurance, taxes, or fee and deduction rules, so confirm the final schedule with your lender.

Total payable is the principal plus add-on interest repaid through instalments. Upfront fees are shown separately because they reduce the estimated amount you receive; they are included in the estimated effective cost rate.

It is an approximation derived from the monthly rate that makes the present value of estimated payments equal to the amount you receive after upfront fees. The monthly rate is compounded for 12 months. It is not a lender quote or a universal APR disclosure.

The total interest also depends on the loan amount and term. Fees, deductions, payment timing, insurance, and other lender charges can further change the amount received and overall cost.

Not necessarily. A longer term can lower each payment while increasing total interest and the total amount repaid. Compare the payment, total interest, total payable, fees, and term together.

No. This is an independent estimation tool only. It does not assess eligibility, approve credit, submit applications, or recommend lenders.

The calculator processes your entries in your browser. Version 1 does not send them to a server or store them in a database.