Monthly Repayments Calculator

Your monthly repayment is calculated using the standard amortisation formula based on three numbers: your loan amount (principal), your annual interest rate, and your loan term in years. The formula spreads the principal plus interest evenly across every month of the term, so each payment is the same. As the rate or term changes, your monthly repayment changes too. Nook's calculator does this instantly — and then a dedicated consultant compares 20+ banks to find your real, best-fit numbers for free.

Home loan interest rates in the Philippines vary by bank, loan term and your profile, and they change over time, so there's no single fixed figure. That's exactly why comparing lenders matters — a small difference in rate can mean hundreds of thousands of pesos over the life of the loan. Nook compares 20+ banks for you and matches you to the lender most likely to approve you at the sharpest rate. Use the calculator to test different rates and see the impact on your monthly repayment.

Home loan terms in the Philippines commonly run from 5 up to 30 years, depending on the bank, your age and the property. A longer term lowers your monthly repayment but increases the total interest you pay over the life of the loan, while a shorter term does the opposite. Move the term slider to see the trade-off, then talk to Nook — we'll find the lender and term that fit your budget and run the whole application for you.

Yes. The larger your loan amount (principal), the higher your monthly repayment, because there's more to pay back plus interest. Increasing the loan amount in the calculator raises both your monthly repayment and the total interest. The rate and term also matter — a lower rate or longer term can soften a bigger loan's monthly cost. Nook compares 20+ banks free of charge to find you the best combination for the home you actually want.

Yes, Nook is 100% free for borrowers. The banks pay Nook a commission once your loan is released, so you pay nothing for the service. A dedicated Nook loan consultant runs your entire application end to end — comparing 20+ banks, preparing the paperwork, and chasing the bank for you — so you never fill in bank forms or visit a branch yourself. It costs you nothing to find out what you can afford and get pre-qualified.

No — this calculator gives an indicative estimate only. Your real repayment depends on the lender, the actual interest rate they offer, fees, and your personal profile. It's a great way to understand how loan amount, rate and term affect what you'd pay each month. For real numbers, get pre-qualified with Nook in about 3 minutes: we compare 20+ banks and a consultant handles your whole application for free.

Yes. The calculator works for anyone, and Nook regularly helps Overseas Filipino Workers secure home loans in the Philippines from wherever they are in the world. The entire application is handled online by a dedicated consultant — no need to fly home or visit a branch. Chat support is available every day from 9:00am to 9:00pm. Estimate your repayment here, then get pre-qualified to see what banks can offer you.