Affordable rates
Pay your other credit card balances for as low as 0.99% monthly add-on rate for 36 months.
Fast processing
Have proceeds credited to your BPI account in as fast as 5 banking days.
Use 100% of your available limit
Get cash using 100% of your available limit.
Proceeds credited to BPI account
Proceeds are credited to your BPI account for more payment flexibility.
Term | Monthly | Factor rate | EIR PA |
---|---|---|---|
6 | 1.00% | 0.176667 | 20.29% |
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:
|
• 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: 0.093333
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 |