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Sample Diminishing Balnce

This document provides a sample computation for a diminishing balance installment loan of PHP 50,000 with a 12 month term. It shows the monthly amortization schedule, including the breakdown of principal and interest payments each month. Over the course of the year, the outstanding principal is paid down each month until it is fully paid off in the 12th month along with the remaining interest amount.

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Abie Onia
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1K views1 page

Sample Diminishing Balnce

This document provides a sample computation for a diminishing balance installment loan of PHP 50,000 with a 12 month term. It shows the monthly amortization schedule, including the breakdown of principal and interest payments each month. Over the course of the year, the outstanding principal is paid down each month until it is fully paid off in the 12th month along with the remaining interest amount.

Uploaded by

Abie Onia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Diminishing Balance Sample Computation for EasyPay Installment Transactions

INSTALLMENT LOAN AMOUNT PHP 50,000


MONTHLY ADD-ON RATE 1.75%
MONTHLY EFFECTIVE INTEREST RATE 3.06%
INSTALLMENT TERM 12 MONTHS
MONTHLY FACTOR RATE 0.100838
MONTHLY AMORTIZATION PHP 5,041.67

TOTAL OUTSTANDING TOTAL


MONTHLY OUTSTANDING INTEREST PRINCIPAL
MONTH DAYS AMORTIZATION PRINCIPAL INTEREST BALANCE BALANCE BALANCE
Jan 31 - - - 60,500.00 10,500.00 50,000.00
Feb 28 5,041.67 3,510.74 1,530.92 55,458.33 8,969.08 46,489.26
Mar 31 5,041.67 3,618.24 1,423.43 50,416.67 7,545.65 42,871.02
Apr 30 5,041.67 3,729.02 1,312.64 45,375.00 6,233.00 39,142.00
May 31 5,041.67 3,843.20 1,198.47 40,333.33 5,034.54 35,298.80
Jun 30 5,041.67 3,960.87 1,080.79 35,291.67 3,953.74 31,337.93
Jul 31 5,041.67 4,082.15 959.52 30,250.00 2,994.22 27,255.78
Aug 31 5,041.67 4,207.14 834.53 25,208.33 2,159.69 23,048.64
Sep 30 5,041.67 4,335.95 705.71 20,166.67 1,453.98 18,712.69
Oct 31 5,041.67 4,468.71 572.95 15,125.00 881.02 14,243.98
Nov 30 5,041.67 4,605.54 436.13 10,083.33 444.90 9,638.44
Dec 31 5,041.67 4,746.55 295.11 5,041.67 149.78 4,891.88
Jan 31 5,041.67 4,891.88 149.78 - (0.00) 0.00
Total 60,500.00 50,000.00 10,500.00

Assumptions:
* Cardholder has no beginning balance on his first statement and makes EasyPay Installment transaction of P50,000 during the month
* Add-on rate will vary depending on the payment term selected
* Payment assumption is that the Cardholder will pay the monthly amortization (principal + interest) in 12 months

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