Results 601 to 610 of 1038
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September 17th, 2014 11:14 AM #601
yung iba.. kailangan sa kanila ka din kukuha nang comprehensive insurance sa duration nang loan.. so make sure walang ganito sa contract.. kung 5 years ang loan.. sigurado tatagain ka for the next 4 years..
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September 17th, 2014 01:38 PM #602
Sa metrobank, min loan amount ay 500K. hindi ka makakapagdown ng 50% pag below 1M ang sasakyan na bibilhin... Pag 600K halimbawa yung oto, 100K lang max. dp ...
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September 17th, 2014 09:51 PM #603What's the general rule of thumb regarding monthly ammortization and net income again? Is it 30% or below of main + spouse/co-borrower?
Thanks
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September 18th, 2014 12:22 AM #604
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September 18th, 2014 08:58 AM #605
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September 18th, 2014 09:16 AM #606
Try mo yung mga on-line loan calculator para magka idea ka kung magkano ang monthly payments. Ang monthly payment kasi ay may parte na bayad sa interest at parte naman na bayad sa pinaka utang. Base sa information na binigay mo, ang monthly payment mo ay P14,748 kada buwan o P884,880 suma total sa limang taon. Bali ang interest na babayaran mo ay P380,800 [P884,880 - P504,000 (ito yung utang dahil may 20% dp)]. Medyo malaki rin.
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September 18th, 2014 10:20 AM #608yup your (and _Qwerty_'s) computation is correct. so roughly around 125,295 ang total interest niya for 5 yrs.
in my case, since Jazz 1.5V is 808k, my DP is 242,400 (30%) and monthly is 13982.10 for 48 months. mga 105,540 ang total interest na babayaran for 4 years. mejo malaki nga lang ang total cash out dahil walang free insurance and chattel. pero more or less sa mas mataas na interest na may free na ganung items parang na-spread out lang sya sa monthly installment.
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September 18th, 2014 10:28 AM #609
You need to use a loan calculator. The interest amount is based on the principal which declines over time as you pay off your loan. Each monthly payment is allocated between interest and principal. The interest amount is not static because it is always based on the principal amount which is declining every time you make a monthly payment. Also, the 24.86% is an annual rate and not a one time rate.
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September 18th, 2014 10:34 AM #610Is that the loan calculator app?
Take note that the app uses annual rate.
I dont think may bank na magpapatong ng 24.86% annual rate which in effect equates to almost 70% simple interest rate (non annualized).
Take for example Metrobank, the annual interest they are charging is 9.xx% for 5 yrs which is around 25% to 27% in interest (non annualized).
Posted via Tsikot Mobile AppLast edited by boytsiks; September 18th, 2014 at 10:36 AM.
agree ako syo. battery dying will be the next owner's problem. kaso the only reason I'm buying...
All New Toyota Corolla Cross