Philippines · SEC MC No. 14, s. 2025
Tunay na Interes
Enter what you borrowed, each payment, and how many payments. 7-day loans work too. This tool estimates the effective interest rate (EIR) from your numbers, and checks whether the published SEC limits apply to your loan and how your numbers compare with it. It names no lender and gives no advice on how to pay.
Your loan numbers
Take them from your disclosure statement, receipt or app screen, not from an ad.
The amount on your contract, not what you received if something was deducted.
For example: processing fee, service fee, notarial fee, origination fee, transfer charge, documentary stamp tax, disbursement fee, handling fee, verification fee. Enter the total of everything deducted. Enter 0 if you received the full amount. Included in the EIR.
As written on your schedule. Just one number if you pay once at the end.
7 = due on day 7
Not part of the EIR. It counts toward the 100% total-cost limit.
Optional, and not part of the calculation. The day you were first called or messaged about paying. For example, day 4 of a 7-day loan.
Do the SEC limits apply?
For loans taken out, restructured or renewed from 1 April 2026.
We don't save or send the numbers you enter.
Estimated interest rate: 114.58% a month (daily rate × 30). Total payments by day 7: ₱6,500.00.
The compounded version is under “How we calculated this”.
Compared with the published limits
Based on SEC MC No. 14, s. 2025 · as of 23 September 2026
EIR per month (daily rate × 30; the compounded rate is checked too)
Your number is higher than the limitYour number: 114.58% · Limit: 12% a month
Nominal interest per month (from your payments)
Your number: 128.57% · Limit: 6% a month
The nominal-interest limit applies to the interest rate written in your contract. Your number is worked out from your payments, so it can include fees added to them.
Total cost compared with the amount borrowed
Your number is lower than the limitYour number: 30.00% · Limit: 100% of the amount borrowed
This compares your numbers with published limits. It does not tell you whether the loan or lender is safe, what you owe, or what happens next.
An illustration only. The lender's disclosure statement gives the official EIR. This is not legal advice and does not refer to any specific lender.
How we calculated this
- What you received (net proceeds)
- ₱5,000.00
- Total you pay (by day 7)
- ₱6,500.00
- Total cost (interest + fees + penalty)
- ₱1,500.00 · 30.00% of the amount borrowed
- Daily rate (EIR)
- 3.8192%
- Per month, simple (daily rate × 30)
- 114.58%
- Per month, compounded ((1 + daily rate) ^ 30 − 1)
- 207.84%
- Nominal interest per month (from your payments)
- 128.57%
The EIR is the daily rate that balances what you received with everything you pay, not counting late penalties. The circular does not say how to turn the daily rate into a monthly one, ×30 or compounded, so we show both.
Loan calendar
7-day term · 1 payment
Day 0 = the day you got the money. Due = a payment day, as you entered it. Follow-up = day 4 (your optional note).
Schedule
| # | Day | Payment |
|---|---|---|
| 0 | Received | ₱5,000.00 |
| 1 | 7 | ₱6,500.00 |
Sources
SEC MC No. 14, s. 2025 In effect from 1 April 2026. For unsecured, general-purpose loans from lending and financing companies of up to ₱10,000 and up to 4 months.
The limits (the circular calls them ceilings) Nominal interest 6% a month, EIR 12% a month, and a total cost of no more than 100% of the amount borrowed.
This tool does not check the late-penalty limit (5% a month), because that needs the number of days late.
RA No. 3765 (Truth in Lending Act) The basis for calculating the EIR, according to the circular. The circular does not say whether the monthly rate is ×30 or compounded, so we show both.
Based on SEC MC No. 14, s. 2025 · as of 23 September 2026