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.

Don't miss out on the latest promotions
Featured
Credit cards

Real 0% SIP Online

You can now pay online in Real 0% S.I.P. with your BPI Credit Card.
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  • Installments
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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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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  • 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

 

 

MonthS.I.P. Loan Monthly amortization  Interest Principal paymentsOutstanding principal balance
020,000 0020,000.00
1 1,866.67357.621,509.0518,490.95
2 1,866.67330.641,536.0316,954.92
3 1,866.67303.171,563.5015,391.43
4 1,866.67275.211,591.4513,799.97
5 1,866.67246.761,619.9112,180.06
6 1,866.67217.791,648.8810,531.19
7  1,866.67188.311,678.368,852.83
8  1,866.67158.31,708.377,144.46
9 1,866.67127.751,738.925,405.55
10 1,866.6796.661,770.013,635.53
11 1,866.6765.011,801.661,833.88
12 1,866.6732.791,833.880.00

Avail S.I.P. for School now

Simply visit any BPI branch near you.

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