StyleBible Preview

Here's How Much You'll Pay Monthly If You Loaned P30,000 from the Bank

Check out this handy calculator you can use!
Here's How Much You'll Pay Monthly If You Loaned P30,000 from the Bank
IMAGE PHOTO by Alexander Mils / UNSPLASH
Check out this handy calculator you can use!

At some point, you'll probably get a bank loan, and that's totally fine—loans, when managed properly, can help you stay liquid and make huge purchases easier to pay. 

So if you're planning to borrow money for your next vacation or condo revonation, you'll want to be smart about terms and interest rates. It's always a good idea to "shop around" first to see what different banks can offer you.

To help you out, there's the Female Network Loan Calculator, which can give you an idea of how much you'll need to pay on a regular basis should you get a loan. Say, you're planning to borrow P30,000... Here's how much you'll be paying monthly, depending on the bank you choose.

Loan: P30,000

Payment terms: 12 months

Your persona: Employed in a private company for over three years with a monthly income of P35,000 and with an active credit card for over a year

ADVERTISEMENT - CONTINUE READING BELOW

EastWest Bank: P3067/month

Security Bank: P3067/month

CONTINUE READING BELOW
Recommended Videos

BPI: P2860/month

BDO: P2875/month

ADVERTISEMENT - CONTINUE READING BELOW

Need to loan more? Head on to this page to try it out for yourself. (Rates may change without prior notice.)

*This story originally appeared on FemaleNetwork.comMinor edits have been made by the Preview.ph editors.

Related Stories from Preview.ph

Hey, Preview readers! Follow us on Facebook, Instagram, YouTube, Tiktok, and Twitter to stay up to speed on all things trendy and creative. We’ll curate the most stylish feed for you!

COMMENTS