RCBC housing loan calculator online in the Philippines in 2025. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.
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Customers can use a housing loan calculator on the Rizal Commercial Banking Corp website to determine the monthly payment of their debt. The users are required to input information like the property's selling price, loan tenure, downpayment, and fixing options in the tool. As an output, the total loan amount, interest rate, and the monthly payment will be automatically displayed on the screen.
The Rizal Commercial Banking Corp housing loan calculator is a free tool the bank offers to help its clients determine the size of the mortgage they want to take out. This tool can be used to determine how much loan a user will need to purchase a home. Additionally, the interest rate and regular payments are shown. Users can check their requirements by changing the inputs provided by them in the calculator.
You can utilize the services of this tool to explore your home loan amount. You could explore the total cost by altering the fixing option, down payment amount, and loan tenure. Your monthly obligation would decrease by increasing the loan period, but your total payable amount to the bank would also increase.
The home loan calculator provided by Rizal Commercial Banking Corporation is user-friendly. Your desired result will be presented once you have just entered the necessary information in the calculator's appropriate fields. The following steps must be taken:
Visit the Rizal Commercial Banking Corp website.
Click on Personal at the top left corner of the page to open it.
Go to Loans and select Home loans from the list.
As you move down the page, you will find Calculate your loan on the right-hand side.
Enter the selling price, fixing option, loan period, and downpayment.
The tool will automatically display the outputs.
The inputs are the user’s details required to process the calculations for the monthly payments. The following data are needed to be fed by the user:
Selling price. This refers to the cost of the property at which it is available for sale. This can also be termed as the loan amount you wish to take from the bank. The amount does not include any other obligations like administrative and registration charges, interest, etc.
Fixing option. The tool will request the time period for which you want your home loan interest rate to be fixed by the Rizal Commercial Banking Corp. A minute change in interest rates would impact the total amount payable by you. The greater the number of months, the higher you pay the amount.
Loan period. It is the time available to you to repay the debt. Your EMI would be lower for a longer duration, but you would have to pay more money. If your loan tenure is less, it will result in higher EMIs but a lesser principal amount paid.
The outputs are the outcomes of the user data analysis by the calculator. The following calculated values are obtained from the Rizal Commercial Banking Corp housing loan calculator:
Loan amount total. It refers to the loan amount you wish to borrow from the bank. It is calculated after deducting the downpayment from the house's selling price.
Down payment. This refers to the money you desire to provide by yourself.
Interest rate. This refers to the rate of interest which you have to pay as an interest to the bank on the borrowed amount.
Monthly payment. This refers to the amount you are anticipated to pay at the end of each month. This is also known as EMI. This consists of a monthly portion of the principal amount and the interest levied on it.
The tool is easily understandable, straightforward, and requires no exceptional talent. Some of the functions used by the tool are briefed below:
Addition. It refers to the process of working out the total by adding two or more quantities. The calculator utilizes this function to compute the monthly payment by adding principal and interest amounts (P+R).
Subtraction. It can be described as decreasing the total by taking a particular portion from a quantity. For example, the down payment is subtracted from the selling price in this calculator (D-S) to calculate the loan amount.
Percentage. A percentage indicates a one-hundredth portion of anything. For example, 20% downpayment for a property of ₱20,000,000 amounts to ₱4,000,000 (20/100 x ₱20,000,000). This function is used by the tool to calculate monthly payments.
Raise to power. It is defined as raising a variable to a pre-assigned power. Power means multiplying it the same number of times as specified in the terms and conditions.