Free Loan Amortization Calculator
Flat or diminishing interest, daily to monthly payments, fees and the true effective rate. Print a payment schedule for your borrower.
Flat 5% a month costs about the same as 7.33% a month on a diminishing balance, because interest stays on the full amount even as it is paid down.
Payment schedule 3 payments
| No. | Due date | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | Dec 3, 2026 | ₱3,833.33 | ₱500.00 | ₱3,333.33 | ₱6,666.67 |
| 2 | Jan 3, 2027 | ₱3,833.33 | ₱500.00 | ₱3,333.33 | ₱3,333.34 |
| 3 | Feb 3, 2027 | ₱3,833.34 | ₱500.00 | ₱3,333.34 | ₱0.00 |
| Totals | ₱11,500.00 | ₱1,500.00 | ₱10,000.00 | ||
Track every borrower, collection and past-due account in one system, with daily collection sheets and reports.
Estimates for planning. Flat interest is charged on the full loan amount for the whole term; diminishing interest is charged on the remaining balance. The effective rate uses the amount the borrower actually receives after fees. Daily loans count 30 days a month (26 without Sundays). Lending in the Philippines is regulated by the SEC; disclose the full cost of credit to borrowers (Truth in Lending Act).