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WHAT DO YOU NEED TO KNOW ABOUT NOMINAL AND EIR?

Nominal Interest Rate is the stated, or named, interest rate in a note or contract.


Effective Interest Rate (EIR) is the rate that exactly discounts estimated future cash flows through the life of the loan to the net amount of loan proceeds.

Nominal

EIR*

PAF

AFP

12.36% - 17.34%

13.08% - 18.79%

12.42% - 15.72%

13.15% - 16.90%

PVAO

16.50% - 19.80%

17.80% - 21.70%

NOTE : Effective Interest Rates on loans varies mainly w/ the loan type, term of loan, and applicable taxes incidental to the transaction. 

Composite Wing Savings and Loan Association, Inc. is regulated by the Bangko Sentral ng Pilipinas with telephone number (02) 8708-7701 and email address consumeraffairs@bsp.gov.ph

CWSLAI Main Office

CWSLAI Building, Bayani Road corner 

A. Luna Ave.,Fort Bonifacio, Taguig City,

Metro Manila

Office Hours

8:00 AM - 5:00 PM, Mondays to Fridays

Call us at (02) 8889-7830 to 36 

All Rights Reserved by CWSLAI

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