Home Loan Calculator — Philippines
Estimate your monthly housing-loan amortization in pesos using current bank and Pag-IBIG rates. See the full interest cost over the term. No signup, no tracking.
Current rates (≈ April 2026 — verify with your lender)
| Lender / type | Typical rate | Notes |
|---|---|---|
| BPI | 7.0–8.0% | Fixed-period then repricing |
| BDO | 7.0–8.5% | Largest bank, flexible terms |
| Metrobank | 7.0–8.5% | Competitive fixing periods |
| Security Bank | 7.5–9.0% | Fast processing |
| Pag-IBIG (HDMF) | 6.25–10% | Subsidized for members |
Major lenders
- Pag-IBIG Fund (HDMF) — subsidized housing loans for members; 6.25% for lower loan amounts, up to 30-year terms
- BDO — the largest bank; flexible fixing periods and tenures
- BPI — competitive fixed-then-repricing home loans
- Metrobank — strong for higher loan amounts
- Security Bank — fast approval, salary-based eligibility
The real cost — a worked example
Example: ₱3,000,000 home loan at 7.5% for 20 years
- Monthly payment: ₱24,168
- Total paid over 20 years: ₱5,800,271
- Total interest: ₱2,800,271
Pag-IBIG vs bank home loan
- Pag-IBIG (HDMF) — subsidized rates from 6.25%, terms up to 30 years, for active members. Cheapest option for most first-time buyers.
- Bank loans — 7–9% typically fixed for 1–5 years then repriced. Faster for higher loan amounts and condo purchases.
- Down payment — usually 10–20% for bank loans; Pag-IBIG can finance up to 100% of appraised value within loan ceilings.
Frequently Asked Questions
How is home loan amortization calculated in the Philippines?
Banks use the reducing-balance formula: monthly amortization = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Rates are usually fixed for a 1–5 year period, then repriced to prevailing market rates.
What is the current home loan rate in the Philippines?
As of early 2026, bank home loan rates are roughly 7–9% per year (BPI, BDO, Metrobank). Pag-IBIG offers subsidized rates from 6.25% for members. The BSP policy rate is around 5%.
Is Pag-IBIG or a bank loan better?
Pag-IBIG is usually cheaper (from 6.25%) with up to 30-year terms and high LTV, ideal for first-time buyers. Banks are faster for larger loans and premium properties but cost a bit more.
How much down payment do I need?
Banks typically require 10–20%. Pag-IBIG can finance up to 100% of the appraised value within its loan ceilings, so members may need little or no down payment.
Can I pay my housing loan early?
Yes. Prepayments reduce total interest significantly, especially early in the term. Check whether your bank charges a pre-termination fee during the fixed-rate period.