It is a 2% percentage (per month) of the order amount equally divided by the agreed payment plan.
For example, you purchase an item of PHP700 and selected a 6 months payment plan
- Item amount: PHP700
- Less voucher: PHP15
- Actual order amount: PHP685
- Total service fee of 2% per month: PHP 82.20 (PHP 13.70 per month x 6 months)
- Total payable: PHP 767.20 (PHP 685 + PHP 82.20)
- Total payable per month x 6 months: PHP 127.87