Follow the money through the offer
Keep three amounts separate: the number shown as the loan amount, the amount actually transferred to you, and the total you are scheduled to repay. They may all be different. GCash’s GLoan fees page, for example, describes a processing fee deducted from the amount received; use the actual current offer for the applicable amount.
A worked example: one deducted fee
- Stated loan amount
- ₱5,000
- Fee deducted before receipt
- − ₱200
- Cash you receive
- ₱4,800
- Total scheduled repayments
- ₱5,500
- Cost above cash received
- ₱700
₱5,500 − ₱4,800 = ₱700
Assumes on-time payments and no other charges. The deducted ₱200 is already counted. This is not an EIR calculation.
What if a fee is paid separately?
Now imagine a different offer: you receive the full ₱5,000, repay ₱5,500 through the schedule and pay an additional compulsory ₱200 separately. The difference is again ₱700, but the route is different: ₱5,500 + ₱200 − ₱5,000. Mark where every fee is paid before entering a calculator.
Ask what is inside the schedule
A fee may be deducted, collected separately or already included in the scheduled installments. Do not rely on its label alone. Ask the provider to identify the treatment in the disclosure statement and to explain any difference between the approved and transferred amounts.
Our total-repayment calculator lets you enter deductions and separate fees independently. It does not calculate EIR or decide whether the fee is lawful. If you need a rate comparison, ask for the provider’s disclosed EIR as well as the peso amounts.