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Below is the latest prevailing lending rates in the Philippines. Or you can visit your banks for the
latest fixed interest rates given the loan term you would be more comfortable in paying your future financial
obligation once you were committed for the loan. To get the more accurate result.
Mortgage-Loan Calculator
The Mortgage loan calculator is use to calculate your loan amount for installment payment of real estate properties or any loan obligations that
you can make. You can then examine the remaining balances of the remaining principal, total interest paid and remaining balance to be paid after
your accumulated your yearly payments are made.
The Amortization loan payment formula:
P=a/{[(1+i)^n]-1}/[r(1+i)^n];
where:
P = Monthly payment
a = Loan amount
i = Monthly Bank interest rates / Bank annual interest rates which is your annual
rates divided by 12 months
n = Loan term, The number of years or number of payment period.
Philippines Bank Lending Rate
In Philippines, the bank lending rate is lower band of the lending rates of interest charged on loans by commercial banks to private individuals
and companies.
