Home Loan Calculator
Note when using the Home Loan Calculator:
If you are using a smart phone, lightly touch the yellow box to edit "LOAN AMOUNT" until keyboard appears (about 3 tries). Upon entering the "LOAN AMOUNT", lightly touch on "Monthly Bank Payments" for results to appear. If changing the interest rate, don't forget to add % sign.
Bank Loans and PAG-IBIG Home Loans​
What is the maximum age of the borrower?
The maximum age of the borrower is 64 years old or 65 years old upon loan maturity.
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What is the total maximum loanable amount?
The maximum loanable amount would be about 70% - 80% of the total assessed value of the house and lot.
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What is a Fixing Period?
Also known as the repricing period, tenor, cycle, or fixing period, it refers to the time frame during which the fixed interest rate will apply.
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What Fixing Period should I choose?
For example, if you choose a 1-year fixing period, this means the interest rate will not change within 1 year. After 1 year, interest rates will be computed again based on Banko Sentral ng Pilipinas. The interest rate mostly depends on the Law of Supply and Demand. Higher demand for loans and lower availability of loans would mean higher interest rates. Choosing the fixing period to apply is a personal choice as it is difficult to predict if interest rates increase or decrease. Below is the 25-year history of the interest rates from Banko Sentral ng Pilipinas for your analysis:
Our opinion: It is our opinion and observation that in every Presidential election in the years 1998, 2004, 2010, 2016, and 2022, and also during the early months of the Covid Pandemic, interest rates seem to drop. During times of uncertainty, the demand for loans seems to drop since investors adopt a "wait and see" attitude. It is also our observation that interest rates increase when inflation rates increase since the demand for loans also increases due to the increase in the cost of goods and services. Please note that this is only our opinion since it is difficult to predict interest rates as there are too many factors involved. Even international events and natural disasters have an effect on interest rates.
How much Cash on Hand or Equity do I need to prepare to complete the project?
Step 1.) Input Lot Area in our Cash on Hand or Equity Needed Calculator
Step 2.) Input Lot Market Value (per square meter)
Step 3.) Lightly Touch Green Box for results to appear.
Note when using our Build Now Pay Later Home Loan Calculator:
If you are using a smart phone, lightly touch the yellow box to edit "Lot Area" until keyboard appears (about 3 tries). Upon entering the "LOAN AMOUNT", lightly touch on "Lot per square meter Lot Market Value" for results to appear. If changing the interest rate, don't forget to add % sign.