Loan EMI Calculator Philippines
Estimate the fixed monthly payment on a standard amortising loan (home loan, car loan, personal loan). Enter the amount, annual interest rate, and term in months to see your EMI, total interest, and total cost of the loan.
- Instant results
- Free, no sign-up
- Localized for the Philippines
Enter your details
Monthly payment
₱19,332.80
- Total amount paid
- ₱1,159,968.09
- Total interest
- ₱159,968.09
Updates instantly as you type.
How it works
EMI = P · r · (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r = annual rate ÷ 12
- Convert the annual interest rate to a monthly rate (annual ÷ 12 ÷ 100).
- Compute (1 + monthly rate) raised to the number of months.
- Apply the standard EMI formula to get the fixed monthly payment.
- Multiply the monthly payment by the number of months to get the total paid.
- Subtract the loan amount from the total paid to get the total interest.
Examples
₱1,000,000 at 6% for 12 months
- Loan amount:
- ₱1,000,000.00
- Annual interest rate:
- 6%
- Term (months):
- 12
Monthly payment₱86,066.43- Total amount paid:
- ₱1,032,797.16
- Total interest:
- ₱32,797.16
₱2,000,000 home loan at 8% for 20 years (240 months)
- Loan amount:
- ₱2,000,000.00
- Annual interest rate:
- 8%
- Term (months):
- 240
Monthly payment₱16,728.80- Total amount paid:
- ₱4,014,912.33
- Total interest:
- ₱2,014,912.33
Zero-interest ₱120,000 loan over 12 months
- Loan amount:
- ₱120,000.00
- Annual interest rate:
- 0%
- Term (months):
- 12
Monthly payment₱10,000.00- Total amount paid:
- ₱120,000.00
- Total interest:
- ₱0.00
Frequently asked questions
Is this the same as what banks quote?
This is the standard equated monthly instalment (EMI) formula that most Philippine banks use for amortising loans. Actual quotes can differ because of fees, insurance, add-on interest, or a different compounding assumption. Always confirm the exact schedule with your lender.
Does it include processing fees or insurance?
No. It only computes the interest and principal portion. Add processing fees, documentary stamps, and mortgage redemption insurance separately when budgeting.
What term should I use for a home loan?
Housing loans in the Philippines are commonly 10 to 25 years. Enter the number of months (10 years = 120, 15 years = 180, 20 years = 240, 25 years = 300).
Should I put a larger down payment?
A larger down payment reduces the loan amount, which directly reduces both the monthly payment and total interest. Try different loan amounts here to see the impact.
How is Loan EMI Calculator Philippines calculated?
EMI = P · r · (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r = annual rate ÷ 12
Official references
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