At some point, you'll probably get a bank loan, and that's totally fine--loans, when managed properly, can help you stay liquid and make huge purchases easier to pay. 

So if you're planning to borrow money for your next vacation, home renovation, or even to pay for your child's tuition, you'll want to be smart about terms and interest rates. It's always a good idea to "shop around" first to see what different banks can offer you.

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To help you out, we've come up with the the Female Network Loan Calculator, which can give you an idea of how much you'll need to pay on a regular basis should you get a loan. Say you're planning to borrow P30,000. Using our loan calculator, here's how much you'll be paying monthly, depending on the bank you choose.

Loan: P30,000

Payment terms: 12 months

Your persona: Employed in a private company for over three years with a monthly income of P35,000 and with an active credit card for over a year

EastWest Bank: P3,067/month

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Security Bank: P3,067/month

BPI: P2,860/month

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BDO: P2,875/month

Need to loan more? Head on to https://www.femalenetwork.com/finance/personal-loan to try it out for yourself. (Rates may change without prior notice.)

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