Benefits
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Fixed monthly installments

Pay for your school expenses in fixed monthly installments.

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Low add-on rate

Get as low as 0.75% monthly add on rate for 24 months.

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Fast processing

Have your application processed in as fast as 5 banking days.

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Use 100% of your available limit

Avail up to 100% of your credit limit.

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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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SIP with Monthly Add-On

Pay for your purchases at low monthly installment add-on rate at our partner merchants.
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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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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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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

 

MonthS.I.P. Loan Monthly amortization  Interest Principal paymentsOutstanding 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

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