True APR Calculator
Enter your loan terms including all fees. See the real effective annual rate — and whether your lender is violating BSP or SEC rate caps.
Loan Terms
Fees (one-time, ₱)
Results
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Rate Caps Under Philippine Law
BSP Circular 1133 (2021)
Consumer loans, credit cards issued by BSP-supervised institutions
Maximum 24% per annum nominal interest rate
SEC MC 03-2022
Online lending platforms (OLPs), financing companies
Maximum 6% per month (72% per annum). Maximum processing fee: 5% of principal.
RA 3765 — Truth in Lending Act
All credit transactions in the Philippines
Lender must disclose: finance charge, amount financed, total amount due, effective interest rate. Non-disclosure is a criminal offense.
BSP Circular 1169 (2023)
BSP-supervised institutions
Institution must acknowledge complaint within 2 business days; resolve within 20 business days before BSP CAM escalation.