FAQ Series: How Do I Compute Monthly Amortization?

FACTOR RATE (PAGIBIG)
How to compute:

Multiply loan amount by factor rate depending on loan term. It is assumed that each of the following is true:

1. Age does not exceed 70 at the end of loan term.
   
2. up to 300k loan=6%; to 500k=7%; to 1M=10.5%; to 2M=11.5%

Loan Amount ranges from 70-80% of the total contract price so if you will have a 1M loan, that means you will base your computation under the 10.5% column.

Example: Loan=1M, term=5 years. Multiply 1M by 0.021494 and you get 21,494/month.

Loan Term	6%	7%	10.5%	11.5%
5 years	0.0193328	0.0198012	0.021494	0.0219927
10 years	0.0111021	0.0116109	0.013494	0.014059
15 years	0.0084386	0.0089893	0.011054	0.0116819
20 years	0.0071643	0.007753	0.009984	0.0106643
25 years	0.006443	0.0070678	0.009442	0.0101647
30 years	0.0059955	0.0066531	0.009147	0.0099984