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
Credit cards
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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Credit cards
SIP with Monthly Add-On
Pay for your purchases at low monthly installment add-on rate at our partner merchants.
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Credit cards
Special Installment Plan at Partner Schools
Enjoy a special installment plan of up to 12 months on school fees with our partner merchants.
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Credit cards
Real 0% SIP at Partner Gadgets and Electronics Merchants
Enjoy Real 0% installment of up to 36 months with our gadgets and electronics partner merchant
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Power Mac Center Real 0% Installment
Enjoy up to 36 months Real 0% installment at Power Mac Center with your BPI Credit Card.
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- Online
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 21.01% on 36-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): 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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