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Loan calculator: the real cost of an add-on rate

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Many Philippine lenders quote a flat or add-on rate. See your monthly payment and the true yearly rate you pay.

Estimate. The true yearly rate is worked out from your monthly payments and the money you actually receive.

Common questions

What is an add-on rate?

Interest charged on the original amount for the whole term.