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.
Don't miss out on the latest promotions
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Real 0% Special Installment Plan (SIP)
Get additional credit limit for your installment transactions with your BPI Credit Card.
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100% Bonus Madness Limit
Enjoy increased purchasing power with up to 100% of additional limit on your installment purch
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Real 0% S.I.P. at partner home improvement merchants
Enjoy a special installment plan of up to 24 months with our partner home improvement merchant
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Real 0% SIP at Partner Department Stores
Enjoy Real 0% installment of up to up to 12 months at our partner department stores
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Special Installment Plan at Partner Health and Wellness Merchants
Enjoy a special installment plan of up to 24 months with our health, wellness, hospitals, clin
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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 | 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 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 |
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