Advisory: Systems Maintenance from September 18 to September 19, 2020. Read more
S.I.P. Loans Terms and Conditions
Balance Conversion
Convert straight purchases into easy installments with your BPI Credit Card.
Learn more
Benefits
Fixed monthly installments

Convert your new retail and online transactions in fixed monthly installments.

Low add-on rate

Get as low as 0.99% monthly add on rate for 36 months.

Fast Processing

Have your application processed in as fast as 5 banking days.

Use 100% of your available limit

Avail up to 100% of your credit limit.

Rates

Term

Monthly
AOR

Factor Rate

EIR PA

3

1.00%

0.343333

17.91%

6

1.00%

0.176667

20.29%

9

1.00%

0.121111

21.11%

12

1.00%

0.093333

21.46%

18

1.00%

0.065556

21.64%

24

1.00%

0.051667

21.57%

36

0.99%

0.037678

21.01%


Notes:

  • Effective Interest Rate (P.A) of 21.01% on 36-month term.
  • A service fee of Php 100 will be charged for each SIP Loan Availment. This fee will be reflected in the succeeding statement of account.
  • Effective October 11, 2021, the service fee will be adjusted to Php 300 for each availment. Rates are effective November 3, 2020 until further notice in compliance with BSP Circular 1098.


Sample Interest Computation for Balance Conversion


Loan Amount: Php 20,000.00                         
Term: 12 months    
Add-on Rate (per month): 1.00%    
Effective Interest Rate (per month): 1.79%    
Factor Rate: 0.037678    
Monthly Amortization: Php 1,866.67     
Total Interest: Php 2,400


MonthS.I.P. Loan Monthly Amortization  Interest Principal PaymentsOutstanding Principal Balance
0     20,000
00       20,000.00
1
         1,866.67357.62       1,509.05       18,490.95
2
         1,866.67330.64       1,536.03       16,954.92
3
         1,866.67303.17       1,563.50       15,391.43
4
         1,866.67275.21       1,591.45       13,799.97
5
         1,866.67246.76       1,619.91       12,180.06
6
         1,866.67217.79       1,648.88       10,531.19
7
         1,866.67188.31       1,678.36         8,852.83
8
         1,866.67158.3       1,708.37         7,144.46
9
         1,866.67127.75       1,738.92         5,405.55
10
         1,866.6796.66       1,770.01         3,635.53
11
         1,866.6765.01       1,801.66         1,833.88
12
         1,866.6732.79       1,833.88                0.00


Avail Balance Conversion now
Simply call (02) 889-10055 or visit any BPI branch near you.
Check the BPI branch nearest you.
View branches
Related information
Discover more

Balance Transfer

Now's the best time to transfer your other credit card balances to your BPI Credit Card.

learn more

Credit-to-Cash

Easily convert your credit limit to cash and pay in flexible payment terms.

learn more

S.I.P. for Hospital

Pay for medical expenses in easy installments up to 36 months.

learn more