The chart below shows the amortization factors for annual interest rates ranging from 6% per year to 20% per year in the commonly available amortization periods in the Philippines which range from 5 years to 30 years. To calculate the monthly amortization for any loan balance, just multiply the loan balance with the amortization factor for the corresponding interest rate and amortization period on the table below. Please keep in mind that the resulting monthly amortization is a combination of principal and interest.
Click here for an example on how to calculate monthly amortization payments
Amortization Factors Table:
|
|
Amortization Period |
|||||
|
Annual Interest Rate |
5 Years |
10 Years |
15 Years |
20 Years |
25 Years |
30 Years |
|
6.0% |
0.01933280 |
0.01110205 |
0.00843857 |
0.00716431 |
0.00644301 |
0.00599551 |
|
6.5% |
0.01956615 |
0.01135480 |
0.00871107 |
0.00745573 |
0.00675207 |
0.00632068 |
|
7.0% |
0.01980120 |
0.01161085 |
0.00898828 |
0.00775299 |
0.00706779 |
0.00665302 |
|
7.5% |
0.02003795 |
0.01187018 |
0.00927012 |
0.00805593 |
0.00738991 |
0.00699215 |
|
8.0% |
0.02027639 |
0.01213276 |
0.00955652 |
0.00836440 |
0.00771816 |
0.00733765 |
|
8.5% |
0.02051653 |
0.01239857 |
0.00984740 |
0.00867823 |
0.00805227 |
0.00768913 |
|
9.0% |
0.02075836 |
0.01266758 |
0.01014267 |
0.00899726 |
0.00839196 |
0.00804623 |
|
9.5% |
0.02100186 |
0.01293976 |
0.01044225 |
0.00932131 |
0.00873697 |
0.00840854 |
|
10.0% |
0.02124704 |
0.01321507 |
0.01074605 |
0.00965022 |
0.00908701 |
0.00877572 |
|
10.5% |
0.02149390 |
0.01349350 |
0.01105399 |
0.00998380 |
0.00944182 |
0.00914739 |
|
11.0% |
0.02174242 |
0.01377500 |
0.01136597 |
0.01032188 |
0.00980113 |
0.00952323 |
|
11.5% |
0.02199261 |
0.01405954 |
0.01168190 |
0.01066430 |
0.01016469 |
0.00990291 |
|
12.0% |
0.02224445 |
0.01434709 |
0.01200168 |
0.01101086 |
0.01053224 |
0.01028613 |
|
12.5% |
0.02249794 |
0.01463762 |
0.01232522 |
0.01136141 |
0.01090354 |
0.01067258 |
|
13.0% |
0.02275307 |
0.01493107 |
0.01265242 |
0.01171576 |
0.01127835 |
0.01106200 |
|
13.5% |
0.02300985 |
0.01522743 |
0.01298319 |
0.01207375 |
0.01165645 |
0.01145412 |
|
14.0% |
0.02326825 |
0.01552664 |
0.01331741 |
0.01243521 |
0.01203761 |
0.01184872 |
|
14.5% |
0.02352828 |
0.01582868 |
0.01365501 |
0.01279998 |
0.01242163 |
0.01224556 |
|
15.0% |
0.02378993 |
0.01613350 |
0.01399587 |
0.01316790 |
0.01280831 |
0.01264444 |
|
15.5% |
0.02405319 |
0.01644105 |
0.01433990 |
0.01353881 |
0.01319745 |
0.01304517 |
|
16.0% |
0.02431806 |
0.01675131 |
0.01468701 |
0.01391256 |
0.01358889 |
0.01344757 |
|
16.5% |
0.02458452 |
0.01706423 |
0.01503709 |
0.01428901 |
0.01398245 |
0.01385148 |
|
17.0% |
0.02485258 |
0.01737977 |
0.01539004 |
0.01466801 |
0.01437797 |
0.01425675 |
|
17.5% |
0.02512221 |
0.01769788 |
0.01574578 |
0.01504942 |
0.01477530 |
0.01466325 |
|
18.0% |
0.02539343 |
0.01801852 |
0.01610421 |
0.01543312 |
0.01517430 |
0.01507085 |
|
18.5% |
0.02566621 |
0.01834165 |
0.01646523 |
0.01581897 |
0.01557484 |
0.01547945 |
|
19.0% |
0.02594055 |
0.01866724 |
0.01682876 |
0.01620685 |
0.01597680 |
0.01588892 |
|
19.5% |
0.02621645 |
0.01899522 |
0.01719470 |
0.01659665 |
0.01638006 |
0.01629920 |
|
20.0% |
0.02649388 |
0.01932557 |
0.01756297 |
0.01698825 |
0.01678452 |
0.01671019 |
)
Trackbacks/Pingbacks