|
MONTHLY AMORTIZATION FACTOR
(under HDMF Circular 189-B)
(after due date)
per P 1,000 LOAN
« on or before
due date | after
due date »
| Loanable
Amount |
| 8% |
below P150,000 |
| 11% |
P150,000-P225,000 |
| 12% |
P225,000-P500,000 |
| 14% |
P500,000-P2M |
|
Note: The interest rates on loans over
two hundred twenty-five thousand pesos (P225,000) up to
two million pesos (P2,000,000) shall be fixed for the first
five years of the loan. At the beginning of the sixth year,
HDMF shall reprice the outstanding balance of the loans
at rates based on prevailing market rates at point of repricing,
which shall not be lower than the original rates.
| Original
Loan Amount |
If payment is made
on or before the due date |
If payment is made
after thedue date |
| Over P500,000 to P2M |
14% |
16% |
|
The new rates shall be in effect up to the end of the loan term.
|
