![]() ![]() You can apply for a loan at Loansolutions for a minimum amount of 10,000 up to a maximum amount of 2,000,000 through our network of lender with loan term applicable to your current situation. Common loan repayment schedule are 3, 6, 12, 18, 24, 36 months for a personal loan and extends to 5 years for car loan and up to 20 years for home loan. This is the length of time agreed for you to repay your loan. For example, most banks and financing companies advertised with APR (Annual Percentage Rate) of 13% - 20% even if the loan tenor or term do not reach a year such as with short-term loans, thus is computed as APR / 12 months equals the monthly interest or also called as the “monthly add-on rate”. It also helps you understand the total cost of home ownership over the entire loan term, by taking into account one-time expenses (closing. In the Philippines it is calculated on a yearly figure regardless if the term or repayment schedule is not yearly. This calculator allows you to compute the monthly/bi-weekly mortgage payment for your FHA mortgage loan, including the Upfront Mortgage Insurance Premium (UFMIP) and Annual Mortgage Insurance Premium (MIP). It is a rate charged on the principal amount owed. You make monthly payments based on a basic fixed rate to gradually reduce your principal. Is the total loan amount borrowed on any type of loan or the amount you want to take home to us for a specific purpose. This is a representative example of what it may cost: If you calculate loan repayments for a Loan of P160, 000.00 over 36 months at 1.2% monthly add-on interest would equate to monthly repayments of P6, 364.44, and the total cost of the loan that you pay back would be P229, 120.00. The APR interest rate depends on your personal circumstances and will be between 1.25% and 1.60%. We compare loans that can be paid back over terms between 6, 12, 18, 24, 36 months. On top of monthly loan repayments, the calculator comes up with the total interest cost and the actual cost of the loan. It shows the monthly payments based on the loan term and the annual percentage (APR) you choose. ![]() ![]() Our loan calculator is designed to show you how much your loan is going to cost upon loan maturity. The loan calculator is for employed, self-employed and OFWs. Mortgage insurance is only available when the purchase price is below 1,000,000. ![]() We will determine the size of this premium and automatically include it in the calculations. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.Loan repayment calculators help borrowers come up with an informed buying decision to determine the payment options suitable to your financial need. If your down payment is under 20 of the purchase price, you will need mortgage insurance on your loan. Please read the prospectus before investing. Commissions, trailing commissions, management fees and expenses may all be associated with mutual funds. Educators Financial Group will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. You should speak with an Educators Financial Group Financial Specialist, or your professional accountant before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.Įducators Financial Group does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. We want you to use and enjoy our website, but it is important that you understand: ![]()
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