Estimated Accrued Interest Calculator

Get a quick estimate of your accrued interest before
submitting your payment extension availment form.

What is Accrued Interest?

This is the loan interest incurred during the payment extension and grace period. All unpaid loan balances continue to incur interest day by day, and consistent with the Bayanihan We Heal as One Act (Bayanihan 1) and Bayanihan We Recover as One Act (Bayanihan 2), accrued interest still applies. This is not a form of late fee nor interest on interest penalty.

What is the We Recover as One Act (Bayanihan 2)?

The Bayanihan to Recover as One Act or Bayanihan 2 is the law covering the one-time 60-day payment extension offer by the Financial Institutions to all loans that are existing and outstanding upon effectivity of the law. Loan interest during the payment extension or accrued interest still applies and will be collected staggered or one time in full on your December due date.

Similar to Bayanihan 1, this allows borrowers to apply a one-time 60-day payment extension on all their qualified loans for amortizations falling within the cover period of September 15 to December 31, 2020 which in effect extends their loan maturity. To explain this better, if you avail of the grace period prior to your September due date, all your due dates from September to December 2020 will be moved by 60 days. This means, you will resume paying your amortization for the covered period beginning November 2020.

Loan interest during the grace period or accrued interest still applies and will be collected staggered up to December 31, 2020.

Accrued Interest Calculator for Bayanihan 2

What is Bayanihan 1?

What is the We Heal as One Act (Bayanihan 1)?

In accordance to the Bayanihan We Heal as One Act, all loans with original due dates from March 17, 2020 to May 31, 2020 had their due dates extended. We extended payment due dates as follows:

Original Due Date Loan Extension Period
March 17 to March 31 90 days
April 1 to April 30 60 days
May 1 to May 31 30 days

Accrued Interest Calculator
for Bayanihan 1

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