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Friday, January 19, 2018

Comparison of Interest Rates On Bank Loans in Philippines




Buying properties like lot, house,  car and even starting a business requires a big deal of money. 
However, saving money often is not enough to cover cost of acquiring assets or starting a business. Good thing, banks and other financial institutions offer loans to make acquisition of properties or starting a business possible. 
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Each bank in the Philippines offers different loan options. There are what you called short-term loans, medium, and even long-term loans. 
Short-term loans like salary loans have to be paid in a year or less. 
Long-term loans on the other hand has to be paid within 6-10 years or more, while medium-term loan has to be paid within 5 years.  

Because of different factors, interest rates vary depending on how long you are willing to repay your loan. Of course you would want to check with different financing institution or banks where you could possibly avail the lowest interest rate for your loan.




The table below shows the ranges of interest rates offered in local banks in the Philippines as well as other subsidiaries of foreign banks.


The following information is based from data gathered by Central Bank Of The Philippines on January 2018. 


Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),



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The interest rates of the loans referred here are expressed in annual percentage rate of the principal.

Based on the data on the table of comparison:

Short-term interest rates refer to interest rates charged on loan contracts or debt instruments with maturity period of one year and below;

Medium-term interest rates on loan contracts or debt instruments with maturity period of more than one year to five years;

Long-term interest rates on loan contracts or debt instruments with maturity period of more than five years.



One of the factors that is being considered to determine the interest rates is collateral. Loans secured with collateral usually offers lower interest rate.



Each bank in the Philippines offer different loan options. There are what you called short-term loans, medium, and even long-term loans.   Short-term loans like salary loans have to be paid in a year or less.   Long-term loans on the other hand has to be paid within 6-10 years or more, while medium-term loan has to be paid within 5 years.     Because of different factors, interest rates vary depending on how long you are willing to repay your loan. Of course you would want to check with different financing institution or banks where you could possibly avail the lowest interest rate for your loan.     The table below shows the comparison of interest rates on loans from different banks in the Philippines.   Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),         Sponsored Links    The table below shows the ranges of interest rates offered in local banks in the Philippines as well as other subsidiaries of foreign banks.   The interest rates of the loans referred here are expressed in annual percentage rate of the principal.   Short-term interest rates refer to interest rates charged on loan contracts or debt instruments with maturity period of one year and below.      Medium-term interest rates on loan contracts or debt instruments with maturity period of more than one year to five years      Long-term interest rates on loan contracts or debt instruments with maturity period of more than five years.        One of the factors that is being considered to determine the interest rates is collateral. Loans secured with collateral usually offers lower interest rate.        Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),             Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP), Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),





Each bank in the Philippines offer different loan options. There are what you called short-term loans, medium, and even long-term loans.   Short-term loans like salary loans have to be paid in a year or less.   Long-term loans on the other hand has to be paid within 6-10 years or more, while medium-term loan has to be paid within 5 years.     Because of different factors, interest rates vary depending on how long you are willing to repay your loan. Of course you would want to check with different financing institution or banks where you could possibly avail the lowest interest rate for your loan.     The table below shows the comparison of interest rates on loans from different banks in the Philippines.   Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),         Sponsored Links    The table below shows the ranges of interest rates offered in local banks in the Philippines as well as other subsidiaries of foreign banks.   The interest rates of the loans referred here are expressed in annual percentage rate of the principal.   Short-term interest rates refer to interest rates charged on loan contracts or debt instruments with maturity period of one year and below.      Medium-term interest rates on loan contracts or debt instruments with maturity period of more than one year to five years      Long-term interest rates on loan contracts or debt instruments with maturity period of more than five years.        One of the factors that is being considered to determine the interest rates is collateral. Loans secured with collateral usually offers lower interest rate.        Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),             Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP), Interest rate, loan, bank loans, Housing Loan, Bank with low Interest rate for home loan, interest rate of loan and mortgage from differnt banks in Philippines, , Interest rate personal loan, low interest rate loan, : Bangko Sentral ng Pilipinas (BSP),

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