Loan Calculator

How to Calculate Installments with the BankBazaar.ph Loan Calculator?

As the name so aptly describes, Loan Calculator from BankBazaar.ph helps you calculate the applicable repayment schedule on your loan. The bywords are convenience and simplicity. By supplying the basic requirements in terms of the loan amount, tenure, applicable interest rate and processing fee, a vast amount of information pertaining to your loan repayment is readily made available. This information includes the applicable monthly repayment amount and other amortization details with regards to the loan.

Why Choose the BankBazaar.ph Loan Calculator?

Fast- Arrive at the actual monthly installment on your loan in mere seconds.

Simplify- Don’t lose your cool with the calculation, reduce stress and confusion by using this tool.

Experiment- Test different scenarios with interest rates and tenures, find the shoe that fits you best!

Expert Support- Learn everything you need to know about calculation of installments, and loans in general with our expert customer support team.

Step To Use Loan Calculator

  1. Access the Loan Calculator tool as displayed at the top of this page.
  2. Spread before you are the ruler scales denoting ‘Loan Amount’ and ‘Tenure’.
  3. Mark your loan amount on the ruler titled ‘Loan Amount’.
  4. Mark the overall tenure as chosen by you for your loan on the ruler titled ‘Tenure’.
  5. Enter the applicable interest rate in the field denoted as ‘Interest Rate in %’. Note that, the default value is already populated in this field and can be easily changed to match the interest rate applicable to you.
  6. Enter the applicable processing fee (% of loan amount) in the denoted field. Note that, the default value is already populated in this field and can be easily changed to match the processing fee as applicable to you.
  7. Click on the button marked ‘Calculate’.
  8. The complete breakup of the total interest due and monthly installment are now listed before you.

You will have noted that this entire process took a maximum of 30 seconds- quick and easy! Also, in the odd event of you encountering a bug through this process or having a query or concern, contact us and our customer support team will be happy to help you out.

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