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SIP with Monthly Add-On
Get up to 24 months Special Installment Plan with low monthly add-on rate at our partner merchants with your BPI Credit Card.
Highlights
SIP with Monthly Add-on

Enjoy low monthly add-on rates for up to 24 months with your BPI Credit Card.

100% Bonus Madness Limit

Get a bonus installment credit limit of up to 100% of your regular credit line.

Offer Mechanics

1. The Program is open to BPI cardholders of Participating BPI Cards in good standing. The Participating BPI Cards are as follows:  


BPI Credit Cards

  • Blue Mastercard
  • Gold Mastercard
  • Petron-BPI Mastercard
  • Platinum Rewards Mastercard
  • Edge Mastercard
  • Corporate Mastercard
  • Amore Visa
  • Amore Visa Platinum
  • Visa Signature Card
  • BPI Family Credit Card 

Note: eCredit Mastercard is available only for installment purchases made online at participating merchants.


2. BPI Credit cardholders are entitled to avail of the Special Installment Plan with low monthly add-on rates. This allows cardholder to avail up to 24 months low monthly add-on rates at partner merchants: 


Hospitals

Terms

Factor Rates

Add-On Rate

3 months

0.340833

0.75%

6 months

0.174167

0.75%

9 months

0.118611

0.75%

12 months

0.090833

0.75%

18 months

0.063056

0.75%

24 months

0.049167

0.75%


Automotive and all other industries

Terms

Factor Rates

Add-On Rates

3 months

0.343333

1.00%

6 months

0.176667

1.00%

9 months

0.121111

1.00%

12 months

0.090833

0.75%

18 months

0.063056

0.75%

24 months

0.049167

0.75%



Schools

Terms

Factor Rates

Add-On Rate

3 months

0.343333

1.00%

6 months

0.176667

1.00%

9 months

0.121111

1.00%

12 months

0.093333

1.00%

18 months

0.065556

1.00%

24 months0.051667
1.00%

How to compute
Price x factor rate = Monthly amortization
Monthly amortization x No. of installment months = Price of total installment with interest


3. Cardholder shall review and agree to be bound by the terms and conditions of the Special Installment Plan (SIP): 


Terms and Conditions

a. The SIP with low monthly add-on rates is available for a minimum single-receipt purchase requirement of Php 3,000 or higher depending on the merchant.


b. The terms and spend requirement may vary per Merchant and may be available for select items/services only.  


c. All installment transactions are subject to BPI's approval.


d. Cardholder can also choose to avail of other SIP feature:


Up to 100% BONUS MADNESS LIMIT for qualified BPI Credit Cardholders 
Subject to favorable credit history, qualified Credit Cardholders will enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. Approved installment transaction will automatically be deducted from the Madness limit. 100% Bonus Madness Limit is only applicable to installment transactions.


e. The monthly payment shall first be applied to the interest charges then to principal amount using the diminishing balance method 

  • BPI will charge an early termination fee of Php 550 + 20% on the principal amount should the cardholder decide to terminate the SIP transaction prior to the 1st billing. 
  • BPI will charge an early termination fee of Php 550 for SIP transactions terminated after the first billing.


4. To qualify for the Program, the cardholder must use his or her Participating BPI Card to pay for his or her purchases at the Participating Merchant.


5. Any dispute concerning the products and/or services related to the Program shall be settled directly between the cardholder and Merchant.


6. The terms and conditions governing the issuance of BPI Cards, reminders and other provisions contained in card carrier, statement of account, charge slips and other documents or instruments, which are made an integral part hereof by reference, shall likewise be resorted to in instances where they are applicable in this Program campaign.

Note: The terms may vary per merchant and may be available for select items only.

Customer Support

BPI

For inquiries and comments, send us a message or call our 24-hour BPI Contact Center at ‎(+632) 889-10000.


Related Information

S.I.P. Online

Shop online and pay in installment at 0% interest.

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Buy Now, Pay Later

Your first monthly payment will be charged 90 days later from your date of purchase.

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100% Bonus Madness Limit

Enjoy increased purchasing power with up to 100% of additional limit on your installment purchase.

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