A. What is BDO EasyPay Installment?
The BDO EasyPay Installment program allows you to purchase items on installment from over 10,000 partner stores nationwide.
Choose from 3,6,9,12,18, 24 AND 36 monthly installment* for a minimum single or accumulated purchase amount of Php 3,000.**
Avail BDO EasyPay Installment through any of the following:
- Easy and affordable monthly add-on Regular interest rates
- Absolutely Zero Percent (0%) Interest*
*Merchants have sole discretion on the terms/items applicable for the Absolutely 0%
** Minimum installment purchase amount may vary per partner merchants
B. Where can I avail of BDO EasyPay Installment?
You can avail of BDO EasyPay Installment in all partner stores nationwide. See our merchant list for reference.
C. How do I avail?
Before purchasing, mention to the partner merchant that you will be availing of the BDO EasyPay Installment and choose the term desired.
D. How much can I purchase through the BDO EasyPay Installment?
A minimum single or accumulated purchase amount of Php 3,000 (or unless stated otherwise by particular partner merchant) is required.
There is no maximum amount as long as it is within cardholder’s credit limit.
E. What are the fees and charges?
You may terminate your BDO EasyPay Installment subject to an Installment Processing Fee of 5% of the total remaining balance or P300, whichever is higher.
F. How do I compute for my Monthly Amortization?
To compute for your Monthly Amortization,
Regular Installment
Monthly Amortization = Item Purchase Price x Factor Rate
|
Term |
Factor Rate |
Add-on Rate |
|---|---|---|
|
3 |
0.343338077 |
1.00% |
|
6 |
0.176667651 |
1.00% |
|
9 |
0.121111407 |
1.00% |
|
12 |
0.093334686 |
1.00% |
|
18 |
0.065559120 |
1.00% |
|
24 |
0.051670980 |
1.00% |
|
36 |
0.037777833 |
1.00% |
Example:
Item Purchase Price = Php 75,000
Term = 12 months
Computation = Php 75,000 x 0.093334686
= Php 7,000.10 per month for 12 months
Absolutely Zero Percent (0%) Interest Installment
Monthly Amortization = Item Purchase Price / Term
Example:
Item Purchase Price = Php 25,000
Term = 12 months
Computation = Php 25,000 / 12
= Php 2,083.33 per month for 12 months