Benefits
Fixed monthly installments
Convert your new retail and online transactions in fixed monthly installments.
Fast processing
Have your application processed in as fast as 5 banking days.
Low add-on rate
Get as low as 0.99% monthly add-on rate for 36 months.
Use 100% of your available limit
Avail up to 100% of your credit limit.
Rates
Term | Monthly add-on rate | 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 a 36-month term.
- A service fee will be charged for each S.I.P. Loan Availment. This fee will be reflected in the succeeding statement of account.
- Please be advised of the adjusted S.I.P. Loan Service Fee for BPI Credit Cards:
Effective date | Changes |
|---|---|
April 16, 2024 | The S.I.P. Loan Service Fee of P300 will be adjusted to Php 500 to be charged for S.I.P. Loan availment above Php 50,000 while transactions up to Php 50,000 will still be charged at Php 300. This one-time fee will be applied for every availment of the following S.I.P. Loans starting April 16, 2024 and will be reflected on the next statement of account:
|
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: 0.093333
Monthly amortization: Php 1,866.67
Total interest: Php 2,400
| Month | S.I.P. Loan | Monthly amortization | Interest | Principal payments | Outstanding principal balance |
|---|---|---|---|---|---|
| 0 | 20,000 | 0 | 0 | 20,000.00 | |
| 1 | 1,866.67 | 357.62 | 1,509.05 | 18,490.95 | |
| 2 | 1,866.67 | 330.64 | 1,536.03 | 16,954.92 | |
| 3 | 1,866.67 | 303.17 | 1,563.50 | 15,391.43 | |
| 4 | 1,866.67 | 275.21 | 1,591.45 | 13,799.97 | |
| 5 | 1,866.67 | 246.76 | 1,619.91 | 12,180.06 | |
| 6 | 1,866.67 | 217.79 | 1,648.88 | 10,531.19 | |
| 7 | 1,866.67 | 188.31 | 1,678.36 | 8,852.83 | |
| 8 | 1,866.67 | 158.3 | 1,708.37 | 7,144.46 | |
| 9 | 1,866.67 | 127.75 | 1,738.92 | 5,405.55 | |
| 10 | 1,866.67 | 96.66 | 1,770.01 | 3,635.53 | |
| 11 | 1,866.67 | 65.01 | 1,801.66 | 1,833.88 | |
| 12 | 1,866.67 | 32.79 | 1,833.88 | 0.00 |
Tools and services
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| BPI is regulated by the Bangko Sentral ng Pilipinas