Installment Payment Program

Equitable Visa, MasterCard, JCB and American Expresss E-Pay (Installment Payment Program)

Qualified Equitable VISA, MasterCard, JCB and American Express cardholders can purchase selected goods and services from authorized affiliated merchant establishments through the use of Equitable VISA, MasterCard, JCB and American Express cards with the privilege of paying the goods and/or services in period of three, six, nine, twelve, eighteen and twenty-four months.

Mechanics

The cardholder shall choose payment term for the item/s selected. The item/s should be worth a minimum of Three Thousand Pesos (P3,000.00) for the 3, 6 , 9 and 12 months. A Ten Thousand Pesos (P10,000.00) minimum purchase shall allow the card to choose up to 18 to 24 months.

(See Amortization Schedule for sample computation)

Amortization Schedule

The merchant shall compute the monthly amortization by multiplying the principal (Cash price) of the goods/services by the corresponding factor as shown below. The resulting amount shall be the monthly amortization due which when multiplied by the term will arrive at the total price of the goods/services.

Examination

Computation