BPI Family Savings Bank Card Sample Successful Rate Of Interest Computation

BPI Family Savings Bank Card Sample Successful Rate Of Interest Computation

Buy Date

First day after declaration date

Buy Amount

Payment Due

20 times after declaration date

Minimal Amount Due

3.57% for the Outstanding Balance

Average Outstanding Stability

Finance Charge every month

Effective Interest (monthly)

Month

Retail Purchase

Total Repayment

Interest

Outstanding Principal Balance

Total Outstanding Stability

1

20,000

0

0

20,000

20,000

2

714

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369

19,286

19,655

3

1,058

398

18,597

18,995

4

1,062

372

17,934

18,306

5

1,012

370

17,293

17,664

6

988

346

16,676

17,022

7

941

344

16,081

16,425

8

918

332

15,507

15,839

9

886

310

14,953

15,263

10

844

309

14,419

14,728

11

823

289

13,904

14,193

12

785

287

13,408

13,695

1 Computed centered on Daily Balance utilizing 1 month per thirty days (or 360 times yearly). Brand new finance cost price effective November 3, 2020.

2 Effective interest per month = Average Monthly Interest divided by Average major stability

– Cardholder does not have any balance that is outstanding their very first declaration and makes a deal of P20,000 through the thirty days.

– Cardholder can pay just the minimal Amount Due, such as the interest costs posted every declaration cycle on his/her deadline.

Reminder: In accordance with BPI Credit Card/BPI Family Savings bank card conditions and terms, BPI/BFSB reserves the ability to replace the costs every once in awhile. Take note that the continued utilization of your BPI/BFSB charge card suggests which you have actually read, recognized, and accepted these terms. For issues or inquiries, you could contact us at (02) 889-10000 for Metro Manila or 1-800-188-89100 for domestic toll-free phone calls (available to PLDT subscribers), and 63 + 2 + 89-10000 for cell phone and access that is international.

Finance Charge / Nominal Interest price 3 (Effective rate of interest per thirty days 4 )

2nd to 6th Supplementary Card

3% for the advance loan amount or P500, whichever is greater, per transaction/availment foundation 1

P200 Flat Fee Per Transaction 2

Foreign Exchange Conversion

0.85% of this converted amount in addition to the Mastercard / Visa assessment cost of just one%, utilizing the exchange that is foreign of Mastercard / Visa during the time the deal is posted

Note: Not relevant to BPI Classic and BPI Corporate Timeless

P550 plus 2percent of this loan principal quantity if pre-terminated ahead of the billing that is first.

P550 plus relevant interest associated with next payment if pre-terminated following the very first payment making use of the balance method that is diminishing.

P200/month or the overpayment quantity if not as much as P200, is going to be debited from:

A) Closed bank card accounts with overpayment for over one (1) from the date of termination/cancellation month

1 Effective until 2, 2020 november.

2 effective November that is starting 3 2020.

3 Finance Charge may be the nominal price computed by multiplying the relevant price to your Normal Daily Balance.

4 Effective rate of interest is the typical month-to-month interest split because of the Normal Principal Balance.

5 money Advance Successful Interest price per month = Average Monthly Interest plus Cash Advance Fee of P200 split by the Principal that is average Balance.

*Express begin Cancellation Fee just pertains to cardholders with reports under deposit holdout. Stipulations use.

Updated at the time of November 3, 2020.

Important Reminder: spend at minimum the minimal Amount Due ON or BEFORE payment deadline. Penalties and charges that are late be strictly imposed on payments after deadline.

The Cardholder authorizes BPI and/or BFSB to boost or charge service that is additional since can be considered essential to take care of the solution to your Cardholder. The upward or downward modification associated with interest, penalty price and/or solution costs will probably be binding in the Cardholder from the date/s of effectivity as suggested within the written notice (when you look at the monthly SOA or thru a separate notice) from BPI and/or BFSB.

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