Interest-only repayments on a ₱5,000,000 loan — Philippines

At 7% over 30 years with a 5-year interest-only period:

• Interest-only repayment: ₱29,167 a month
• Reverts to: ₱35,339 a month
• Payment jump: ₱6,172 a month
• Extra interest vs P&I: ₱376,243

Frequently asked questions

What are interest-only repayments on a ₱5,000,000 loan?

At 7%, about ₱29,167 a month. Nothing comes off the balance, so you still owe ₱5,000,000 when the interest-only period ends.

How much does the repayment jump?

By about ₱6,172 a month after a 5-year interest-only period, because the full ₱5,000,000 must then be repaid over the remaining 25 years.

What does it cost overall?

About ₱376,243 more interest over the life of the loan than paying principal and interest from the start.

Compare with principal & interest on the same loan

Estimate only. Assumes a fixed rate and no fees; lenders often price interest-only higher. Not financial advice.