Convert your outstanding balance into installments with PNB Balance Conversion for as low as 0.85%!

 

Promo Mechanics

1. The Balance Conversion Program is open to select principal PNB-issued Credit Cards in current status excluding Business, Corporate, and Distribution Cards.

2. Promo runs from February 1, 2024 to April 30, 2024.

3. The amount to be converted should be a minimum of Php 5,000 across all terms. Add-on rates as shown below:

Term Add-On Rate Factor Rate Effective Monthly Interest Rate Effective Annual Interest Rate Processing Fee (PHP)
3 0.90% 0.3423333 1.34402% 16.128% 250
6 0.90% 0.1756667 1.52366% 18.284% 250
12 0.85% 0.0918333 1.52684% 18.322% 250
24 0.85% 0.0501667 1.54178% 18.501% 250
36 0.85% 0.0362778 1.52081% 18.250% 250

 

Sample Computation
Amount to be charged P5,000
Installment Term 12 months
Factor Rate 0.0918333
Monthly Amortization Amount X Factor Rate P5,000 X 0.0918333 P459.16 per month for 12 months
Total Installment Price Monthly Amortization X Installment Term P459.16 X 12 months P5,509.92

*Sample computation may vary due to decimals.

4. To apply, cardholders may:

a.) Call Customer Service at (+632) 8818-9-818 or DTF 1800-10-818-9-818

b.) For faster processing, send an email to CFS_CMTD@pnb.com.ph using registered email address and request for Balance Conversion with the following requirements and information:

b.1.) Duly filled-up and signed Balance Conversion application form. (please read the terms and conditions)

b.2) Copy of at least 1 valid ID with signature. (Gov’t. issued)

b.3) Date of Birth:

b.4) Mother’s Maiden Name:

b.5) Approved Credit Limit:

5. Request must be submitted within the promo period to qualify for the promo rates.

6. Balance Conversion is valid for PESO statement only.

7. PNB shall have the absolute and exclusive right to approve or reject the Balance Conversion request. PNB is not required to notify the Cardholder of such rejection and the reason thereof. PNB shall not be liable for delinquency of the Cardholder’s PNB Credit Card, interest orpenalty charge imposed upon the Cardholder as a result of the disapproval of his/her application.

8. The Cardholder may follow up with PNB regarding the status of his/her application.

9. There will be a processing fee of Php 250 for every approved Balance Conversion application, to be automatically charged to the cardholder’s credit card account upon posting of first monthly installment.

10. Only transactions that form part of the Cardholder’s latest statement of account at the time of application may be converted to installment. In the case of monthly installment, only the monthly installment amount posted to the statement of account at the time of application may becovered by the Balance Conversion transaction.

11. Balance Conversion request must be submitted at least 7 banking days before the payment due date as stated on the latest SOA cut-off. Late submission of request or request received beyond the SOA’s due date will no longer be accommodated.

12. The approved Balance Conversion amount must not exceed the available installment limit of the Cardholder.

13. The Balance Conversion amount (inclusive of the applicable interest) shall be earmarked from the cardholder’s available credit limit at the time of approval.

14. Incomplete requirements will be automatically declined.

15. Balance Conversion monthly installments will not earn points.

16. The monthly installment amount shall be posted as a regular transaction on the credit card account and shall form part of the total outstanding balance. Should the cardholder choose to pay only a portion of the total amount due but not less than the Minimum Amount Due, the monthly installment shall be subject to regular finance charges.

17. Failure to pay the minimum amount shall constitute default, in which event, PNB may bill the entire remaining unbilled principal and interest amortizations in full and the total outstanding balance shall immediately become due and demandable without need of notice or demand. Amounts paid after due date shall be charged with interest and penalty charges similar to that of charged to other past due accounts.

18. In case of early termination, PNB shall impose a 5% processing fee based on the remaining unpaid principal amount of Php 500.00 whichever is higher. The total unpaid amount plus the applicable fees shall be posted back as regular straight transaction.

19. The cardholder acknowledges his/her liability to PNB for all converted transactions and agrees that these will form part of his/her obligation to PNB.

20. The Terms and Conditions governing issuance and use of PNB Credit Cards are incorporated herein by reference and made an integral part hereof.

Per DTI Fair Trade Permit No. FTEB-185297 Series of 2024.

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