Benefits
Fixed monthly installments
Pay for your school expenses in fixed monthly installments.
Low add-on rate
Get as low as 0.75% monthly add on rate for 24 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.
Don't miss out on the latest promotions
Featured
Real 0% S.I.P. is now available online
You can now pay online in Real 0% S.I.P. with your BPI Credit Card.
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FlexipayLow
Pay for your purchases at low monthly installment add-on rate at our partner merchants.
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Flexipay at Partner Schools
Enjoy Flexipay of up to 24 months on school fees with lower monthly add-on fees at our...
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FlexipayZero at Partner Gadgets and Electronics Merchants
Enjoy 0% interest on installments of up to 36 months with our gadgets and electronics partner.
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Power Mac Center FlexipayZero
Enjoy up to 36 months 0% interest on installments at Power Mac Center with your BPI Credit...
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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 | 0.75% | 0.090833 | 16.22% |
18 | 0.75% | 0.063056 | 16.42% |
24 | 0.75% | 0.049167 | 16.43% |
Notes:
- Effective Interest Rate (P.A) of 16.43% on 24-month term.
- A service fee of Php 300 will be charged for each S.I.P. Loan Availment. This fee will be reflected in the succeeding statement of account.
- Rates are effective November 3, 2020 until further notice in compliance with BSP Circular 1098.
Sample interest computation for S.I.P. for School
Loan amount: Php 20,000.00
Term: 12 months
Add-on Rate (per month): 0.75%
Effective Interest rate (per month): 1.35%
Factor Rate: 0.090833
Monthly Amortization: Php 1,816.67
Total Interest: Php 1,800.00
| Month | S.I.P. Loan | Monthly amortization | Interest | Principal payments | Outstanding principal balance |
|---|---|---|---|---|---|
0 | 20,000 |
| 0 | 0 | 20,000 |
1 |
| 1,816.67 | 270.27 | 1,546.39 | 18,453.61 |
2 |
| 1,816.67 | 249.38 | 1,567.29 | 16,886.32 |
3 |
| 1,816.67 | 228.20 | 1,588.47 | 15,297.85 |
4 |
| 1,816.67 | 206.73 | 1,609.94 | 13,687.91 |
5 |
| 1,816.67 | 184.97 | 1,631.69 | 12,056.22 |
6 |
| 1,816.67 | 162.92 | 1,653.74 | 10,402.48 |
7 |
| 1,816.67 | 140.58 | 1,676.09 | 8,726.39 |
8 |
| 1,816.67 | 117.93 | 1,698.74 | 7,027.65 |
9 |
| 1,816.67 | 94.97 | 1,721.70 | 5,305.95 |
10 |
| 1,816.67 | 71.70 | 1,744.96 | 3,560.99 |
11 |
| 1,816.67 | 48.12 | 1,768.54 | 1,792.44 |
12 |
| 1,816.67 | 24.22 | 1,792.44 | 0.00 |
Tools and services
Avail S.I.P. for School now
Simply call (+632) 889-10055, visit any BPI branch near you, or request for a callback via BPI Help and Support.
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