a. The SIP Real 0% installment terms are available for a minimum single-receipt purchase requirement of Php 3,000 or higher. Minimum installment spend requirement may vary per term.
b. The terms may be available for select items only.
c. All installment transactions are subject to BPI's approval.
d. Cardholder can also choose to avail of the other SIP features:
• Up to 100% BONUS MADNESS LIMIT for qualified BPI Credit Cardholders
Subject to favorable credit history, qualified Credit Cardholders will enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. Approved installment transaction will automatically be deducted from the Madness limit. 100% Bonus Madness Limit is only applicable to installment transactions.
• Buy Now Pay up to 3 months Later
First monthly amortization will be posted to the BPI Credit Cardholder’s account up to 3 months later from date of purchase. Succeeding amortizations shall be billed every month thereafter until full transaction amount is paid in full.
e. The monthly payment shall first be applied to the interest charges then to principal amount using the diminishing balance method
e.1. BPI will charge an early termination fee of Php 550 + 20% on the principal amount should the cardholder decides to terminate the SIP transaction prior to the 1st billing.
e.2. BPI will charge an early termination fee of Php 550 for SIP transactions terminated after the first billing.
| BPI is regulated by the Bangko Sentral ng Pilipinas