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Sa panahon ngayon, hindi maiiwasan mga biglaang expenses o gastos. Gusto mo ba aralin ang mundo ng loan or utang? Loans and interest play an integral role in managing your finances lalo sa mga sitwasyong ‘di mo inaasahang may kailangan kang itawid para sa mga essentials ng loved ones at life goals mo tulad ng small business that you’ve been working so hard for. Ang isang benefit ng pautang ay hindi mo na kailangang galawin ang nakalaan mong budget to buy the things you need or want. Dahil laging lamang ang may alam, let’s learn the basic terms sa usapang loans and interests.
#### What is a loan o utang? Ang “loan” o “utang” ay isang financial agreement o kasunduan sa pagitan ng tao o kompanya to borrow money with a promise to pay it back. Halimbawa: You are a couple aim to move out and renovate an apartment or condo. However, ‘di pa kayo capable ng partner mo to pay the full amount yet, kaya nag-decide kayo to take a home renovation or home repair loan to get started.
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#### Ano ang long-term o installment loan? Ito ay utang na binabayaran through regular monthly payments until fully paid na ang pera na hiniram mo. Madalas itong ginagamit in shopping for an item like a gadget, home appliance or furniture and more.
#### Ano ang principal amount? Ito ang original sum o ang kabuuan ng perang hiniram mo, which does not include any interest or any other charges. It’s important to understand this term because lahat ng utang may interest na kasama. The principal amount always comes with interest rate. Halimbawa, humiram ka ng PHP 1000. Ang principal amount ay PHP 1000 excluding all interest rates or other charges.
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#### Ano ang monthly interest rate? Ito ang added amount o dagdag ng lender o nagpahiram for you to pay together with the monthly payments. Halimbawa, you took a personal loan worth P50,000. Ang annual interest fee from the bank ay 10%. Ibig sabihin, ang monthly interest rate ay P416.47. Ito ay ang added amount you pay for every monthly payment or installment mo. Kung nagbabayad ka ng 2,000 kada buwan, it will now be P2,416.47 kasama ng added interest rate. Very important to remember this para mas alam mo kung paano mo nga ba matatawid ang monthly installment payments mo on time. Isa rin itong challenge ng mga bago sa Pautang Diaries.
#### Ano ang loan term? Ito ang time period na nagsasabi sa’yo kung kailan mo dapat mabayaran ang kabuuan ng utang or loan. Halimbawa, nag-avail si Juan ng Home Credit loan na worth PHP 15,000 (principal amount) ang pinakamababang interest rate ng Home Credit ay 1.83% na kailangang bayaran within 12 months (loan term).
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#### Paano i-compute ang monthly installment? Para malaman ang estimated monthly installment mo, baka gusto mong i-try ang [Home Credit loan calculator](https://www.homecredit.ph/apply/cash-loans/calculator), para ma-check ang accurate loan term and interest rate na fit sa needs and wants mo.
### Game ka na ba sa mundo ng loans o mag-avail ng installments? Huwag kabahan na mag-avail ng loans basta responsible ka at kaya mo itong bayaran sa tamang oras. Sa Home Credit, maraming loans kang pwede mong pagpilian. Subukan mo ang low interest [product loan](https://www.homecredit.ph/apply/product-loans) or a [cash loan](https://www.homecredit.ph/apply/cash-loans) at alamin kung paano ito makakatulong sa achievement ng new chapter or milestone mo! Tara na! Puwede mo ring ma-download ang Home Credit App on [Google Play Store](https://play.google.com/store/apps/details?id=ph.homecredit.myhomecredit&hl=en&gl=US) and Apple Store para mas mabilis mong makita ang offers mo.