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Education Loan Calculator — Philippines

Estimate your Philippines education-loan EMI, accounting for the study-period moratorium. Free, no signup.

₱
%
yrs
yrs
Monthly EMI (after studies)₱38,654
Loan grows to₱2,480,000
Total interest₱766,920
Total payable₱3,246,920
Calculated live on this page. Open the full tool →

Free tuition and government subsidies before you borrow

Most Filipino undergraduates should check government support before taking any loan. Republic Act 10931, the Universal Access to Quality Tertiary Education Act (signed 3 August 2017), makes tuition and other school fees free for Filipino students at State Universities and Colleges (SUCs), Local Universities and Colleges (LUCs) and state-run technical-vocational institutions, and it created the Tertiary Education Subsidy (TES) and a Student Loan Program under UniFAST. For students who don't get free SUC/LUC tuition — for example those enrolled at a private HEI — TES currently pays up to ₱20,000 per academic year at a SUC/LUC or ₱27,000 per year at a private HEI, with an extra ₱10,000/year for students with disabilities and a one-time ₱8,000 board/licensure-exam reimbursement; awards are prioritized by household income (Listahanan-listed households first) and depend on available funds each year. As of September 2026, UniFAST's own Student Loan Program page states that new applications are suspended while its guidelines are under review, so it isn't a reliable funding source to plan around right now — check unifast.gov.ph before assuming it's open.

SSS and GSIS loans for members and their dependents

If you or a parent contribute to SSS or GSIS, both agencies run "study now, pay later" style loans that are cheaper than a typical bank loan. The SSS Educational Assistance Loan Program (EALP) lends degree-course students up to ₱20,000 per term (actual tuition/fees if lower) — up to ₱160,000 over a 4-year course or ₱200,000 over 5 years — and vocational/technical students up to ₱10,000 per term. The portion funded by the national government is interest-free; the SSS-funded portion carries 6% per annum on the diminishing balance plus a 2% consolidation charge. Repayment (up to 5 years for degree courses, 3 years for vocational courses) only starts 14–18 months after the last disbursement, so students aren't paying while still studying. A first-time borrower must be under 60, have at least 36 posted monthly contributions (6 within the last year), and earn no more than ₱25,000 a month. The GSIS education loan for government employees (offered under its GFAL/"study now, pay later" facility) lends up to ₱100,000 per school year per nominated student, charges 8% interest annually, and gives a 10-year repayment period with a 5-year grace period before amortization starts; a member needs at least 15 years of government service, can nominate up to two beneficiaries related up to the third degree of consanguinity or affinity, and the loan is written off if the member or student dies or is permanently disabled.

CHED loans and bank financing

CHED has also run a study-now-pay-later loan through the Development Bank of the Philippines for students at SUCs, CHED-recognized LUCs and UNIFAST-registered private HEIs, covering tuition, books and a tertiary allowance, with no interest if the loan is repaid within 12 months — check with your school's financial-aid office or CHED regional office, since fund availability and specific terms change by academic year. On the bank side, most Philippine banks don't offer a dedicated "education loan" product; instead they let you spread tuition over a credit-card installment plan. BPI's S.I.P. for School, for example, charges a 0.75% monthly add-on rate on 12–24 month terms (about 16.4% effective annual rate on a 24-month plan) or 1.00%/month on 3–6 month terms, plus a flat ₱300 service fee, and lets you finance up to 100% of your card's credit limit. Compare that add-on-rate cost against SSS/GSIS or UniFAST support before assuming a bank installment plan is your cheapest option.

Moratorium & repayment

Frequently Asked Questions

How is an education loan EMI calculated in Philippines?

After the moratorium, EMIs use the reducing-balance formula on the balance (which has grown if interest accrued during study). Enter your loan, rate and tenure in the calculator.

What is a moratorium period?

The time during studies (plus a grace period) when you usually don't make payments. Interest often still accrues and is added to the principal.

What is the typical education loan rate in Philippines?

As a 2026 reference, rates are around 8% and depend on the lender, scheme, and whether the loan is government-backed or private. Government/subsidized options are usually cheaper.

Should I pay interest during studies?

If you can, paying the interest during the moratorium prevents it from compounding onto your principal, lowering your total cost.

Do I qualify for free tuition under RA 10931?

If you're a Filipino citizen enrolled at a State University/College, Local University/College or state-run technical-vocational institution, and you don't already hold an undergraduate degree, RA 10931 makes your tuition and most other school fees free — you generally still don't need an education loan for tuition at those schools.

Is the SSS or GSIS education loan cheaper than a bank loan?

Usually yes. SSS's EALP is partly interest-free and partly 6% per annum on the diminishing balance, and GSIS's education loan charges 8% per annum — both well below the roughly 16% effective annual rate on a typical bank tuition installment plan like BPI's S.I.P. for School.

Is the UniFAST Student Loan Program available right now?

As of September 2026, UniFAST's own website states that new Student Loan Program applications are suspended while the program's guidelines are under review — confirm current status at unifast.gov.ph before counting on it.

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