
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.
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.
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 |