supplementary* sample computation annual ... - bdo unibank · if transacted at bdo branches...

NOTE: Applicable MEIR will vary depending on the amount of transaction made within the statement cycle.

INSTALLMENT LOAN AMOUNTMONTHLY ADD-ON RATEMONTHLY EFFECTIVE INTEREST RATE (MEIR)

P50,0001.25%2.22%

MONTH MONTHLY AMORTIZATION INTEREST TOTAL OUTSTANDING

BALANCEJan - - - 57,502.18Feb 4,791.85 3,682.26 1,109.58 52,710.33Mar 4,791.85 3,763.98 1,027.87 47,918.48Apr 4,791.85 3,847.51 944.34 43,126.63May 4,791.85 3,932.89 858.96 38,334.78Jun 4,791.85 4,020.17 771.68 33,542.94Jul 4,791.85 4,109.38 682.46 28,751.09Aug 4,791.85 4,200.58 591.27 23,959.24Sep 4,791.85 4,293.80 498.05 19,167.39Oct 4,791.85 4,389.08 402.77 14,375.54Nov 4,791.85 4,486.48 305.37 9,583.70Dec 4,791.85 4,586.05 205.80 4,791.85Jan 4,791.85 4,687.82 104.03Total 50,000 7,502.18

(0.00)

Cardholder has no beginning balance on his first statement and makes cash availment transaction of P50,000 during the monthAdd-on rate will vary depending on the payment term selectedPayment assumption is that the Cardholder will pay the monthly amortization in 12 months

Assumptions:•

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OPENING BALANCECASH ADVANCE TRANSACTIONCASH ADVANCE FEEMONTHLY EFFECTIVE INTEREST RATE (MEIR)

noneP 10,000

P5003.00%

MONTH DAYS TOTAL PAYMENT INTEREST CASH ADVANCE

FEEOUTSTANDING

PRINCIPAL BALANCE

3 1 - 294.00-----------

-

500.00

500.00

10,794.0028 (1,248.55) 591.24 10,136.693 1 (1,545.78) 303.42 8,894.3330 (1,257.96) 259.28 7,895.653 1 (1,213.83) 236.27 6,918.0930 (1,190.81) 200.40 5,927.673 1 (1,154.94) 175.67 4,948.403 1 (1,130.22) 145.49 3,963.6730 (1,100.03) 112.31 2,975.953 1 (1,066.86) 84.79 1,993.8830 (1,039.33) 53.58 1,008.133 1 (1,008.13) 24.20 24.203 1 (24.20) -

Total (12,980.64) 2,480.64(0.00)

Cardholder has no beginning balance on his first statement and makes a Cash Advance (CA) transaction of P10,000 during the monthCash Advance Fee is computed as 5% of CA amount or P500 whichever is higher. Interest is computed on the Cash Advance and Cash Advance feePayment assumption is that the Cardholder will pay the CA amount and CA Fee in 12 months as well as all posted interest charges on or before due dateEIR for Cash Advance will vary depending on the amount of transaction and number of cash advance transactions made within the statement cycle

Assumptions:•

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SAMPLE COMPUTATION FOR CASH AVAILMENT TRANSACTIONS

SAMPLE FINANCE CHARGE COMPUTATION FOR CASH ADVANCE TRANSACTIONS

PRINCIPAL

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INSTALLMENT TERMMONTHLY FACTOR RATEMONTHLY AMORTIZATION

12 months0.095837P4,791.85

JanFebMarAprMayJunJulAugSepOctNovDecJan

To pay at any BDO branch, present your Statement of Account and keep the machine validated copy as proof of payment. For check payments*, please make the check payable to “BDO Unibank, Inc.”. Indicate the Account Name, Account Number/Card Number and Contact Number at the back of the check.Pay at least the Minimum Amount Due on or before your Payment Due Date to avoid late payment charges.

Normal banking regulations on the acceptance and clearing or collection of check payments apply. Post dated checks and foreign checks drawn on banks outside the Philippines are not accepted as payments.

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When making credit card payments, please be reminded of the following:Choose Your Payment Channels:BDO BranchesBDO eBanking* BDO Phone Banking* Auto-Debit Arrangement (ADA) Payment Facility**

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For Dollar Charge Cards and accounts with Dual Currency feature, USD payments for your Dollar account/s are accepted only via: BDO Branches, BDO eBanking (USD account) and ADA Payment Facility (USD account).

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Enrollment with BDO is required via bdo.com.phEnrollment via any BDO Branch

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BDO Installment CardTable of Fees & Charges and Sample Finance Charge Computation

Fees & Charges Annual Membership Fee

Interest Rate (MEIR) Monthly Effective

Cash Advance Fee*** 5% of amount withdrawn or P500, whichever is higher

7% of overdue amount

Cash AvailmentRates

Minimum Amount Due

Late Payment ChargeReturned Check Fee / ADA Return Fee

Sales Slip Retrieval Fee

Lost Card Replacement Fee

Foreign Exchange Conversion Rate

Installment Processing Fee****

3% Retail and Cash Advance transactions (inclusive of cash advance fee)**

P1,000

P1,250 per returned check / insufficient ADA account

P300

for each sales slip retrieved for Local transactions or P500 for each sales slip retrieved for International transactions

P400

Gambling or Gaming Fee 5% of transacted amount or P500 / US$10, whichever is higher

for each card

5% of the total remaining balance or

BDO Unibank, Inc. is regulated by the Bangko Sentral ng Pilipinas: Tel. No. (02) 708-7087; Email: consumeraffairs@bsp.gov.ph BDO IC: REVISED AS OF JUNE 2019

P300, whichever is higherSOA Reprint Fee P30 per SOA request

For Kabayan Installment Card accounts onlyFinance charges will be imposed at the current interest rate on the unpaid Cash Advance balance (inclusive of fees) from acquisition date until both the Cash Advance balance and its related charges are paid in fullIf transacted at BDO Branches 0ver-The-Counter, a P500 fee will be added to the 5% Cash Advance feeFor processing of full payment of outstanding installment balance or Cash Availment balance before end of payment term

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*******Note: Interest rates are determined by BDO and are subject to change in accordance with prevailing market rates. In case of conflict between the provisions of these reminders and the Terms and Conditions Governing the Issuance and Use of BDO Installment Card, the latter shall prevail. All fees and charges are subject to change upon notice. BDO reserves the right to re-impose waived fees/charges.

Principal

Term6 0.179667192 1.30% 26.27%12 0.095836960 1.25%

1.25%26.63%

18 0.068058532 26.76%1.25%24 0.054167533 26.58%1.25%36 0.040279967 25.98%

Factor Rate Add-onInterest Rate/Mo

Effective InterestRate/Annum

This is the sum of the following: a) 3% of your Outstanding Balance (less Installment and/or Cash Availment Amortization, if any); b) Installment Amortization; c) Cash Availment Amortization; d) Overdue Amount. You pay the sum of a,b,c and d or P200, whichever is higher.

Assessment fee of 1% plus service fee of 1.5% of the converted amount based on the prevailing foreign exchange rate of Mastercard and BDO respectively at the time of posting. The service fee may be imposed at the sole discretion of BDO and may be subject to change.

IMPORTANT REMINDERS1. Applicable MEIR will be imposed on the account if: a. No payment was made on the Card on Payment Due Date, b. Payment made was less than the Total Outstanding Balance stated in the Statement of Account (SOA), c. Outstanding Balance is paid in full by its Payment Due Date, but with unsettled balances from the previous SOA reflected in the current SOA, or d. There is a cash advance transaction.

P500Supplementary*

To view the complete Terms and Conditions and for the complete definition of Statement of Account terms, visit bdo.com.ph