You can use the Special Installment Plan (SIP) line of your BPI Express Credit Card to pay your children’s college tuition fees.
You can also use SIP to pay for nursery, prep, elementary and high school fees.
For accredited schools, you just ask the school cashier to swipe your BPI Express Credit card.
For non-accredited schools, submit school assessment slips or statements and school receipts to a BPI Express Center or a BPI/BPI Family branch. You’ll receive cash through your BPI account the next banking day if you apply at an Express Banking Center or within 3 days if you apply at a branch or a check within 3 days of application.
Here’s an alphabetical list of colleges and universities accredited by BPI for instant credit card payments at school cashier counters:
Ama Computer College
Asia Pacific College
Asian Institute of Management
Assumption College – San Lorenzo
Ateneo de Manila – Quezon City
Ateneo de Manila – Rockwell
Ateneo de Davao University
Central Philippine University
Centro Escolar University
Colegio De San Juan De Letran
Colegio de San Lorenzo
College of Oral Implantology
Don Bosco Technical College
Far Eastern University
Fatima Medical Science
FEU-East Asia College
First Integrated Educational Systems
Holy Child School of Davao
Informatics College Manila Inc.
ICCT Colleges Foundation
Kester Grant College
Lyceum of the Philippines
MSA Group Inc.
National College of Science
Our Lady of Fatima College
Our Lady of Perpetual Succor
Pasig Catholic College
Philippine Women’s College of Davao
Saint Pedro Poveda College
San Beda College Alabang
San Juan De Dios Education
Sotogrande Teaching Institute
Southville International School
St Jude College
St Paul University
Thomas More College
University of Asia and the Pacific
University of San Jose Recoletos
University of Santo Tomas
University of Perpetual Help
University of San Carlos
University of St La Salle
*The list of accredited nursery, prep, elementary, high schools and other institutes will be included in another blogpost.
1. The monthly add-on rate ranges from 1 to 1.5 percent.
2. The minimum amount to be charged is 3,000 pesos.
3. You must be in good credit standing with BPI.
4. Your SIP credit limit can be increased up to 3 times depending on how long you’ve been a BPI credit cardholder and how you’ve handled your payments.
5. The promotional interest rate can change without prior notice.
|3 months||1.5 %||0.348333|
|6 months||1.5 %||0.181667|
|9 months||1.5 %||0.126111|
|12 months||1.0 %||0.093333|
How to Compute Your Monthly Payment:
Multiply the loan amount by factor rate (Refer to the table)
Example: Loan amount is 20,000 pesos with term of one year.
Monthly payment = 20,000 pesos x 0.093333 = 1,866.66 pesos
You pay BPI 1,866.66 pesos every month for 12 months.
Ang total payment mo would be 1,866.66 x 12 = 22,399.92
Ang total interest na babayaran mo ay 2,399.92