- 1To compute for the monthly amortization, the Cardholder should multiply the total amount by the Factor Rate for the chosen term.
Example
Total Amount (Medical Bills): Php 150,000
Term: 12 months
Factor Rate: 0.090833
Estimate Monthly Amortization: Php 150,000 x 0.093333 = Php 14,000
Estimate Total Amount: Php 167,999.94
- 1The monthly add-on interest rate on installment offer shall apply provided that the Cardholders pay their total statement balance in full.**
- 2The Cardholder's EastWest Credit Card account must be active and current at all times. In the event that the Cardholder's EastWest Credit Card is suspended, cancelled, or not renewed, or should the Cardholder fail to make payments, breach or violate the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards, the remaining unpaid installment amount, as well as the entire outstanding balance of the Cardholder's EastWest Credit Card account, shall immediately become due and demandable.
- 3In case of partial payment by the Cardholder of the installment amount, the unpaid balance shall incur the usual finance charges imposed on revolving balances in accordance with the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.
- 4If the Cardholder pays the installment amount in full per month but has an outstanding or revolving balance on his/her previous/other purchases or installment availments, his/her EastWest Credit Card account shall likewise incur finance charges.
- 5In case of pre-termination, the Cardholder agrees to pay an Installment Pre-termination Processing Fee equivalent to 5% of the remaining principal balance or Php500, whichever is higher.
- 6Terms and Conditions for Merchant Installment indicated in the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards shall apply.
- 7By joining this promo, the Cardholder confirms that he/she has read, understood, and agreed to the mechanics of the promo, including, but not limited to, these terms and conditions.
- 8For any inquiry on the promo or concern on the card account, Cardholders may call the EastWest 24-Hour Customer Service Hotline at (+632) 8888-1700 or send an e-mail to cards@eastwestbanker.com.
14.All questions or disputes regarding the Cardholder’s eligibility for the Promo shall be resolved by EastWest. In case of disputes related to the promo, the decision of EastWest and partner merchant shall be conclusive with approval from DTI.
- 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 chat with ESTA chatbot at www.ewlend.com/esta, call the EastWest 24-Hour Customer Service Hotline at (+632) 8888-1700, or e-mail cards@eastwestbanker.com.
EastWest is regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph
