Balance Conversion | BPI

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

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