Here's a sample of how the Processing Fee is calculated:
Order Amount: PHP 3050 Voucher: PHP 50 off Final Order Amount: PHP 3000
Pay in 3:
Processing Fee (3% of Final Order Amount upfront) : 3% x PHP 3000 = PHP 90
What you will pay monthly:
1/3 Payment (PHP 3000/3) + (PHP 90) = PHP 1090
2/3 Payment (PHP 3000/3) = PHP 1000
3/3 Payment (PHP 3000/3) = PHP 1000
Pay in 6:
Processing Fee (3% of Final Order Amount upfront): 3% x PHP 3000 = PHP 90
Service Fee (2.8%* of Final Order Amount on each repayment): 2.8% x PHP 3000 = PHP 84
What you will pay monthly:
1/6 Payment (PHP 3000/6) + (PHP 84) + (PHP 90) = PHP 674
2/6 Payment (PHP 3000/6) + (PHP 84) = PHP 560
3/6 Payment (PHP 3000/6) + (PHP 84) = PHP 560
4/6 Payment (PHP 3000/6) + (PHP 84) = PHP 560
5/6 Payment (PHP 3000/6) + (PHP 84) = PHP 560
6/6 Payment (PHP 3000/6) + (PHP 84) = PHP 560