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Home Credit Sample Computation

The document outlines the repayment schedule for a 20,000 PHP loan with a term of 6 months and an interest rate of 48% per month. The monthly payment is 3,815.24 PHP. Over the 6 month term, 2,891.43 PHP of the payment goes towards interest and the remaining principal is paid down from 20,000 PHP to 0.

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Zendy Pastoral
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© Attribution Non-Commercial (BY-NC)
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104 views2 pages

Home Credit Sample Computation

The document outlines the repayment schedule for a 20,000 PHP loan with a term of 6 months and an interest rate of 48% per month. The monthly payment is 3,815.24 PHP. Over the 6 month term, 2,891.43 PHP of the payment goes towards interest and the remaining principal is paid down from 20,000 PHP to 0.

Uploaded by

Zendy Pastoral
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

OUTSTANDING BALANCE:

Term:
Rate:
Monthly Payment:

Months
1
2
3
4
5
6

Principal
3,015.24
3,135.85
3,261.28
3,391.73
3,527.40
3,668.50
20,000.00

20,000.00
6 months
48%
PHP 3,815.24

Interest
800.00
679.39
553.96
423.51
287.84
146.74
2,891.43

Total
3,815.24
3,815.24
3,815.24
3,815.24
3,815.24
3,815.24
22,891.43

Balance
20,000.00
16,984.76
13,848.91
10,587.63
7,195.90
3,668.50
(0.00)

9
10

OUTSTANDING BALANCE:
Term:
Rate:
Monthly Payment:

Months
1
2
3
4
5
6
7
8
9
10

Principal
1,665.82
1,732.45
1,801.75
1,873.82
1,948.77
2,026.72
2,107.79
2,192.10
2,279.79
2,370.98
20,000.00

20,000.00
10 MONTHS
48%
PHP 2,465.82

Interest
800.00
733.37
664.07
592.00
517.05
439.10
358.03
273.71
186.03
94.84
4,658.19

Total
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
2,465.82
24,658.19

Balance
20,000.00
18,334.18
16,601.73
14,799.98
12,926.16
10,977.39
8,950.66
6,842.87
4,650.77
2,370.98
(0.00)

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