A property loan calculator helps you estimate how much you can borrow from a Philippine bank or Pag-IBIG based on your gross monthly income, the property's appraised value, and your preferred loan term. Whether you're buying your first home, refinancing an existing loan, or investing in real estate, knowing your borrowing capacity upfront saves you time and prevents disappointment at the bank counter.
This guide answers the most common questions Filipino borrowers ask about property loan calculators — from how banks compute your maximum loanable amount, to what monthly repayment you'd face on a 20-year loan at today's best rates. If you already have a home loan and want to see how much you could save by switching to a lower rate, check out Nook's home loan refinance calculator for the Philippines — it's free and takes less than two minutes.
The amount you can borrow depends on three main factors: your gross monthly income, the appraised value of the property, and the bank's loan-to-value (LTV) policy. As a general rule, Philippine banks lend up to 80% of the property's appraised value for residential properties. Your monthly amortisation must not exceed 30% to 40% of your gross monthly income — this is called the debt-service ratio (DSR).
Here are some practical examples at a 5.99% p.a. interest rate over 20 years:
- Gross monthly income of 50,000 → maximum monthly payment of ~20,000 → loanable amount of approximately 2,790,000
- Gross monthly income of 80,000 → maximum monthly payment of ~32,000 → loanable amount of approximately 4,460,000
- Gross monthly income of 150,000 → maximum monthly payment of ~60,000 → loanable amount of approximately 8,370,000
These are estimates. The actual approved amount may vary based on your credit history, existing obligations, and the bank's internal policies.
Philippine banks use two parallel limits and then grant whichever is lower:
- Income-based limit: Your gross monthly income multiplied by the allowable debt-service ratio (typically 30–40%), divided by the monthly amortisation factor for the chosen term and interest rate. This gives the maximum loan amount your income can support.
- Property-based limit: The bank's appraiser values the property, then the bank lends up to 80% of that appraised value (or 70% for certain property types or locations).
For example, if your income supports a loan of 6,000,000 but the property is appraised at 5,000,000, the bank will lend a maximum of 4,000,000 (80% of 5,000,000). Conversely, if your income only supports 3,500,000 but the property is worth 10,000,000, the income cap applies and you'd be limited to 3,500,000.
Pag-IBIG (HDMF) uses slightly different criteria and currently lends up to 6,000,000 for qualified members, with income and contribution requirements that differ from commercial banks.
There is no single universal minimum, but most major banks (BDO, BPI, Metrobank, Security Bank) require a gross monthly income of at least 40,000 to 50,000 for salaried employees, or documented monthly income of at least 50,000 to 75,000 for self-employed applicants. Pag-IBIG is more accessible and has no strict income floor, though your loan amount is capped by your contribution history and the DSR formula.
A practical way to estimate: take your target monthly amortisation and divide it by 0.35 (assuming a 35% DSR). That gives you the minimum gross monthly income required. For instance, if you want to borrow 3,000,000 over 20 years at 5.99% p.a., your monthly payment would be approximately 21,470. Dividing that by 0.35 means you need a gross monthly income of at least 61,343 to qualify.
If you have existing loans (car loan, personal loan, credit card minimum payments), those reduce your available DSR, so your required income goes up accordingly.
Monthly payments are calculated using the standard amortisation formula. Here are sample monthly amortisations for common loan amounts at 5.99% p.a. — the best rate currently available through Nook — across different loan terms:
| Loan Amount | 15 Years | 20 Years | 25 Years |
|---|---|---|---|
| 1,500,000 | 12,660 | 10,735 | 9,660 |
| 3,000,000 | 25,320 | 21,470 | 19,320 |
| 5,000,000 | 42,200 | 35,783 | 32,200 |
| 8,000,000 | 67,520 | 57,253 | 51,520 |
Note: Most Philippine banks reprice their home loan interest rates every 1, 3, or 5 years, so your actual rate after the fixed period may change. Always account for potential rate increases when budgeting. To see what you're currently paying versus what you could pay, use this guide to home loan interest rates in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) sets LTV guidelines for residential real estate loans. The current standard limits are:
- Residential properties (house and lot, condominium): up to 80% LTV for the first mortgage
- Socialized and low-cost housing: up to 90% LTV in some cases, particularly through Pag-IBIG
- Second and subsequent mortgages: typically lower, around 60–70%
This means if a property is appraised at 5,000,000, a bank can lend a maximum of 4,000,000 (80%). You would need to cover the remaining 1,000,000 as a down payment, plus closing costs (which typically add another 3–5% of the purchase price).
Some banks may offer higher LTV ratios for select developments or during promotional periods, but these are exceptions rather than the rule. Always verify the bank's current LTV policy before budgeting your down payment.
All major Philippine banks — BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, and PNB — can accommodate large property loans, often up to 80% of the appraised value with no published maximum for qualified borrowers. In practice, the bank that offers you the highest loan amount is the one whose appraisal of your property comes in highest and whose income assessment is most favourable.
Rather than chasing the bank with the highest loan limit, it's often more important to compare interest rates across banks. A difference of even 1% p.a. on a 5,000,000 loan over 20 years translates to roughly 600,000 in additional interest paid. Nook lets you compare rates from multiple Philippine banks in one place and can help you find the most competitive deal — completely free of charge to you as the borrower.
For Pag-IBIG, the maximum loan amount was raised to 6,000,000 for qualified members, which makes it competitive for mid-range properties, especially given its relatively low and stable interest rates.
Yes — adding a qualified co-borrower is one of the most effective ways to increase your maximum loanable amount. Philippine banks typically allow a spouse, parent, sibling, or child to be a co-borrower. The bank will combine both incomes when computing the DSR, which raises the ceiling on your monthly amortisation and therefore the total loan amount you qualify for.
For example, if you earn 60,000 per month and your spouse earns 40,000, your combined gross monthly income of 100,000 allows a monthly amortisation of up to 35,000 (at a 35% DSR). At 5.99% p.a. over 20 years, that supports a loan of approximately 4,880,000 — significantly more than either of you could borrow individually.
Important conditions: the co-borrower must also meet the bank's age, employment, and creditworthiness requirements. If the co-borrower has existing loans or a poor credit history, it could negatively affect the application. Banks also typically require that the co-borrower be a co-owner of the property.
A longer loan term reduces your monthly amortisation, which means more of your income is freed up under the DSR test — allowing you to borrow more. Here's how loan term affects borrowing power at 5.99% p.a. for someone with a gross monthly income of 80,000 (35% DSR = 28,000 maximum monthly payment):
- 10-year term: Maximum monthly payment of 28,000 supports a loan of approximately 2,510,000
- 15-year term: Maximum monthly payment of 28,000 supports a loan of approximately 3,320,000
- 20-year term: Maximum monthly payment of 28,000 supports a loan of approximately 3,920,000
- 25-year term: Maximum monthly payment of 28,000 supports a loan of approximately 4,360,000
However, longer terms mean you pay significantly more total interest over the life of the loan. A 25-year term on 3,000,000 at 5.99% costs approximately 2,796,000 in interest, versus approximately 1,557,000 for a 15-year term. The right balance depends on your cash flow needs and long-term financial goals.
As of 2026, the best refinance rate available through Nook is 5.99% p.a. This is a fixed rate for an initial period (typically 1–5 years depending on the bank and product). Most Filipino homeowners with existing loans are currently paying between 7% and 10% p.a., meaning there is a significant opportunity to reduce monthly payments by refinancing.
For new purchase loans, competitive rates from major banks (BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank) typically range from 6.25% to 8.50% p.a. for the initial fixed period, depending on the fixing term and loan size. Pag-IBIG offers rates starting from around 5.75% to 6.25% for qualified members, though the process and eligibility criteria differ from commercial banks.
Because rates vary between banks and can change frequently, the most reliable approach is to get quotes from multiple lenders simultaneously. Nook does exactly this — for free — so you can compare and choose the best deal without spending weeks visiting individual banks.
If you already have a home loan in the Philippines and your current interest rate is above 6.5%, refinancing is almost certainly worth exploring. Refinancing means replacing your existing loan with a new one at a lower rate — ideally keeping the same or shorter remaining term. The monthly savings can be substantial.
For example, if you have an outstanding balance of 4,000,000 with 18 years remaining at 8.5% p.a., your current monthly payment is approximately 38,120. Refinancing to 5.99% p.a. over the same 18-year term would reduce your payment to approximately 31,120 — a saving of 7,000 per month, or 84,000 per year.
There are costs involved (appraisal fees, notarial fees, documentary stamp tax, and sometimes a prepayment penalty on your existing loan), so it's important to calculate your break-even point — how many months of savings it takes to recover the switching costs. You can do that instantly with Nook's refinance break-even calculator. For most borrowers with rates above 7%, the break-even is reached within 12–24 months, making refinancing a strong financial decision.