CalcunetPersonal Loan Calculator (Philippines)
Estimate the monthly payment, total interest, and amortization schedule for an unsecured personal loan from a Philippine bank or online lender.
Monthly payment
₱7,634.37
Total interest
₱33,224.89
Total amount payable
₱183,224.89
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₱7,634.37 | ₱5,134.37 | ₱2,500.00 | ₱144,865.63 |
| 2 | ₱7,634.37 | ₱5,219.94 | ₱2,414.43 | ₱139,645.69 |
| 3 | ₱7,634.37 | ₱5,306.94 | ₱2,327.43 | ₱134,338.74 |
| 4 | ₱7,634.37 | ₱5,395.39 | ₱2,238.98 | ₱128,943.35 |
| 5 | ₱7,634.37 | ₱5,485.31 | ₱2,149.06 | ₱123,458.04 |
| 6 | ₱7,634.37 | ₱5,576.74 | ₱2,057.63 | ₱117,881.30 |
| 7 | ₱7,634.37 | ₱5,669.68 | ₱1,964.69 | ₱112,211.62 |
| 8 | ₱7,634.37 | ₱5,764.18 | ₱1,870.19 | ₱106,447.44 |
| 9 | ₱7,634.37 | ₱5,860.25 | ₱1,774.12 | ₱100,587.20 |
| 10 | ₱7,634.37 | ₱5,957.92 | ₱1,676.45 | ₱94,629.28 |
| 11 | ₱7,634.37 | ₱6,057.22 | ₱1,577.15 | ₱88,572.06 |
| 12 | ₱7,634.37 | ₱6,158.17 | ₱1,476.20 | ₱82,413.89 |
What drives personal loan rates in the Philippines
Because personal loans are unsecured, lenders price them mainly on perceived risk: your income stability, existing debt-to-income ratio, and credit history with the Credit Information Corporation (CIC). Bank personal loans generally land lower than online lending apps, which trade faster approval and lighter documentation for a higher effective rate.
Use this calculator to sanity-check any offer before signing — plug in the rate and term from the lender's disclosure statement and compare the total interest across a couple of term lengths to see which fits your budget without overpaying.
Personal loan calculator FAQ
How much can I borrow with a personal loan in the Philippines?
Bank personal loans typically range from ₱20,000 to ₱2,000,000 depending on the lender and your income, while online lending apps often cap out much lower — sometimes ₱25,000 to ₱50,000 for first-time borrowers. Approved amounts depend on your monthly income, existing debt, and credit history.
Are personal loans secured or unsecured?
Most personal loans in the Philippines are unsecured — no collateral required — which is why their interest rates run higher than secured loans like car or home loans. The bank is pricing in the higher risk of lending without an asset to repossess.
What documents do I need to apply?
Typical requirements are a valid government ID, proof of income (payslips, ITR, or Certificate of Employment), and proof of billing address. Self-employed applicants usually need to show business registration and bank statements instead of payslips.
Will paying my personal loan early save me money?
With diminishing balance interest (the default here), yes — paying off principal faster reduces the interest that accrues on the remaining balance. Just confirm your lender doesn't charge a pre-termination or early settlement fee that could offset the savings.