Enjoy a low monthly add-on rate of 0.75% for 12 months installment on tuition and other school fees with your EastWest credit card.
Eligible cards
| Term | Monthly add-on rate | Factor rate | Effective Interest Rate |
|---|---|---|---|
| 3 mos. | 1.00% | 0.343333 | 17.91% |
| 6 mos. | 1.00% | 0.176666 | 20.29% |
| 9 mos. | 1.00% | 0.121111 | 21.11% |
| 12 mos. |
Example: School Fees: 150,000
Term: 12 months
Factor rate: 0.090833
Monthly amortization: 150,000 x 0.090833 = 13,625
Summarised from EastWest Bank's public promo page. Banks can change or end promos at any time, so check the official page before you pay.
Other banks
The same kind of deal, from other banks.
Same bank
| 0.090833 |
| 16.22% |
*Cardholders in good credit standing are those whose accounts are not delinquent, not under investigation due to suspected fraudulent activities, those whose EastWest credit cards are not reported lost or stolen, and those who have not, otherwise, violated any of the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.
**Each fixed monthly installment forms part of the total statement balance. Should the Cardholder opt to pay only the minimum payment due, this would include only a percentage of the monthly installment. In which case, an interest charge will be imposed in addition to the applicable interest due on the monthly installment.
For inquiries and feedback, you may call the EastWest 24-Hour Customer Service Hotline at (+632) 8888-1700 or e-mail cards@eastwestbanker.com.
EastWest is regulated by Bangko Sentral ng Pilipinas with email address at consumeraffairs@bsp.gov.ph.