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 account needed.
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.
A real-data rate check: home loan rates in Philippines (2026)
Home loan pricing in the Philippines splits sharply between the government-run Pag-IBIG Fund and commercial banks. As of mid-2026, Pag-IBIG is running a promotional 3-year fixed rate of 4.5% per year on housing loans between ₱950,000 and ₱2.5 million, and 5.75% per year for ₱2.5-10 million, under its Expanded 4PH program. Commercial banks price by "fixing period": BPI's published indicative rates for new home acquisition loans are 7.00% for a 1-year fix, rising to 12.00% for a 20-year fix. Other lenders such as BDO, Metrobank, and Security Bank run seasonal promos in a similar 6.5%-8.5% band for short fixing periods.
A more realistic example: on Pag-IBIG's promo rate, a ₱2.5 million loan over 30 years at 4.5% works out to a monthly amortization of about ₱12,667, matching Pag-IBIG's own published figure. By contrast, a ₱3 million bank loan at BPI's 7.00% 1-year fixed rate over 20 years comes out to about ₱23,259 per month — nearly double, per peso borrowed.
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.
Is the Pag-IBIG 4.5% rate the rate I'll pay for the whole loan term?
No. It is a 3-year fixed promotional rate under Pag-IBIG's Expanded 4PH program (as of June 2026), available for loans between ₱950,000 and ₱2.5 million. After the fixed period ends, the loan reprices to Pag-IBIG's then-current rate, which has historically been higher (the prior standard rate for this bracket was 6.25%).
Why do bank home loan rates go up so much for longer fixing periods?
Banks like BPI price in the risk of holding a fixed rate for longer against a moving interest rate environment. BPI's published indicative rates rise from about 7.00% on a 1-year fix to over 12.00% on a 20-year fix, so borrowers trade a lower initial rate for more frequent repricing risk, or a higher locked-in rate for payment certainty.
Related calculators
Sources
Philippine Daily Inquirer (June 18, 2026): Pag-IBIG cuts home loan rates to as low as 4.5%. BPI (accessed September 2026): BPI Housing Loan for a New Home rates. See our methodology and editorial policy for how we source and update this data.