Cash Mart

Call Us To Discuss Your Loan Today (028) 829 0000


Join over 30,000 happy customers who have experienced personal loans the Cash Mart way. Your online lending partner ANYTIME and ANYWHERE

Quick Comprehensive Guide for Personal Loan

How much do you need?

A Minimum loan amount is ₱ 3000

Select your payment schedule:

Note: Subject to changes without prior notice

Loan Information

Due Date Amount Due
Please add your loan amount

Payment Schedule

Due Date Amount Due
Please add your loan amount

The Benefits of Loan Calculator

Loans or ‘utang’ is part of the Filipino survival, yet however much we are in need, we have to make sure that we can still repay with ease and we protect ourselves from opportunist loan sharks.

According to the 2014 World Bank Data’s Global Index Database, 13.5% of Filipinos borrowed from private informal lender and 69.7% of Filipinos experienced borrowing money. Most Filipinos are not comfortable with getting loans as we all know the weight of its responsibility; however, the needs to pay for education, medical bills, utility bills, and basic necessities have to come first. Before getting a loan, you must understand that there are two kinds of loans, secured and unsecured.

With a secured loan, you have to use certain assets, such as your house and lot. For a smaller scale, this means pawning your jewelry and gadgets. Secured loans usually are long term loans. As for the unsecured loans, these types of loans are more risky for the lending companies since they have no assets to collect in case the borrower is unable to pay. This is why these types of personal loans are usually short term and offered in smaller amount compared to secured loans.

You must know if the calculator shows the interest rate or the annual percentage rate (APR). Interest Rate is the base rate usually charged on top of the principal loans. Lenders get their revenues an interest rate, and it is the borrower’s responsibility to repay the loan with interest for the privilege of getting a loan. If you borrow Php1,000 at 4%, your total repayment sum comes to Php1,040. Short term unsecured loans usually use interest rates. However, it is different from the annual percentage rate.

The Annual Percentage Rate (APR) is an annual rate charged for borrowing a loan. The best way to compare loans when shopping for the right lender is to compare through APR. Some lenders include additional costs in APR, such as prepaid interest, closing fees, and any other costs associated with the transaction. Make sure you ask your loan provider about the additional costs to avoid being surprised by hidden fees. Always utilize the interest rate calculator Philippines. 

Loan calculators are set within the range of the lender’s loan capacity. You will be able to see the minimum and the maximum amount the lenders are willing to loan to their potential clients. usually, you will a bar where in you can calibrate the amount you are interested to borrow, the line sets the limit.

For you to see the total amount of repayment, you must key in the length of time you want your loan to be. Loans can be as short as a week of as long as a couple of years and the interest rate are bound to change depending on how long you will need it. If you are going to choose a longer term, you may be able to spread out the repayment costs, however you may end up paying much more.

Money Lenders such as Cash Mart have created online cash loan calculators with repayment options such as weekly, bi-weekly, or monthly. You can easily see the flexibility of the loans and you can easily compare the amounts you have to pay whether you choose weekly, bi-weekly or monthly. This way you can have a well informed decision before you actually start the process.

Compare Loans Easily with Loan Calculators

Republic Act No.9510
mandates money lenders to give fair and accurate information to their clients so they can make a well informed decision regarding their loans. It is a usual problem that many borrowers get loans more than they can actually pay because they are unable to reflect on their impact to their daily finances. With a personal loan calculator Philippines, you will be able to rationally decide how much you can actually borrow and pay at ease, without sacrificing much of your needs. Use the Cash Mart loan calculator if you want to know how much you can borrow and repay within a specific timeframe.

Do You Know if You're Qualified For An Online Loan?

Find out here and takes is less than 5 minutes.