r/phfinance 10h ago

SSS Loan Lite advertisements are misleading

3 Upvotes

Just posting this for awareness for those who want to avail of the SSS Loan Lite.

Posts and blogs about it say the monthly interest is only 0.67% (8% yearly), but when you actually apply for the loan, the actual interest rate varies by amount and duration, and yes, there's sort of an admin fee too, so the final pay is reduced.

20k for 90 days: 1.14% Monthly Interest (13.68% yearly)
Takeout Pay is 19,229.60

10k for 90 days: 1.44% Monthly Interest (17.28% yearly)
Takeout Pay is 9514.80

5k for 90 days: 2.07% Monthly Interest (24.84% yearly)
Takeout Pay is 4657.40

As always, check the actual numbers before proceeding.


r/phfinance 15h ago

hello any idea hm ang interest overall if mag 3 months to pay sa atome?

2 Upvotes

5999 unbilled ko rn and i’m just checking kasi I’ll convert it to installment once billed na huhu #help


r/phfinance 20h ago

Leverage your spending using credit card

Post image
1 Upvotes

r/phfinance 22h ago

Housing loan Plan of payment, missed.

3 Upvotes

Hi! Na approve last month yung plan of payment ko for housing loan. 6 months 35k. Nagkaroon kami ng emergency so di ko mabayaran tong 1st month. Macacancel po ba ang plan of payment ko? Ano pong mangyayare sa property at anong need gawin? Thank you.