When you apply for a loan, consider the following personal loan fees and charges that may add up to the cost of borrowing money:
Late payment fee - 3% to 8% of overdue amount or ₱500 per month
Early payment fee - 4% to 8% of outstanding balance
Returned check fee - ₱1,000 to ₱2,000 per returned check
Amendment fee - ₱500 per amendment