EAR calculator
EAR calculator (with fees)
Enter a loan's rate, amount, term and processing fee to see its true effective annual rate — the number that makes offers comparable.
Add-on: interest is charged on the full original amount every month, so the effective rate runs far above the quoted rate.
Effective annual rate
EAR — with fee
40.9%
EAR — rate only
36.4%
Monthly payment
₱2,833
Overpayment (on top)
+₱19,500
- Cash you receive up front
- ₱48,500
- Total interest
- ₱18,000
- Total you pay back
- ₱68,000
Estimates for comparison only. Your actual rate depends on the lender's approval and terms.