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Tuition Buddy Application Form: [ Size: 162kb - Format: pdf ]
EastWest Bank MasterCard's Tuition Buddy is your ideal partner in dealing with tuition fee payments and other school-related payment needs.
Simply give us a copy of the school's Enrollment Assessment Form and we’ll prepare the check payable to the school. If you
have paid the school already, submit the school's Official Receipt and we will reimburse you in CASH. You may also include other
non-tuition school expenses. Choose to pay in 6, 12, 18 or 24 months at a reduced promo rate of as low as 0.88% a month. Offer good from April 1, 2008 until June 30, 2008.
Hurry, solve your tuition fee problems quickly! Apply for Tuition Buddy now! Accomplish application form completely and fax it to 325-2377.
Payment Term |
Regular Rate |
Promo Rate |
Effective Annual Rate |
Monthly Add-on Rate |
Factor Rate |
Monthly Add-on Rate |
Factor Rate |
| 6 months |
1.20% |
0.17667 |
1.10% |
0.177667 |
22.29% |
| 12 months |
1.30% |
0.096333 |
1.00% |
0.093333 |
21.46% |
12 @ P30K & above |
NA |
NA |
0.88% |
0.092133 |
18.95% |
| 18 months |
1.40% |
0.069556 |
1.20% |
0.067556 |
25.74% |
| 24 months |
1.50% |
0.056667 |
1.20% |
0.053667 |
25.59% |
•
How to compute your monthly amortization:
Amount to be applied
Multiply by: promo factor rate (i.e. 12 months)
Monthly Amortization
|
Php 10,000.00
0.093333
Php 933.33/mo.
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- The Tuition Buddy promo period is from April 1, 2008 to June 30, 2008..
- The Tuition Buddy promo is open to all active and current EastWest Bank MasterCard cardholders.
- The reduced promo installment rates are only valid during the promo period. Cardholders can still avail of Tuition Buddy outside the promo period on regular installment rates. The 0.88% interest offer is for 12 months installment term only with a minimum of P30,000 Tuition Buddy transaction.
- To avail, the cardholder must completely fill-out the application form and attach the necessary supporting documents:
For tuition fees:
- School's official enrollment assessment form if the cardholder has not paid the school yet (check will strictly be payable to the school).
- School's Official Receipt (O.R.) of enrollment if the cardholder has already paid the school.
For school-related expenses:
- Official receipt representing school-related expenses – addressed to cardholder, cash, “C”
- Charge slips representing school-related expenses – must be under the cardholder's name
- Official receipts submitted will not be returned. Photocopies are allowed.
- Dates of the official receipts and charge slips must be within 3 months prior to transaction date.
- The minimum amount required per transaction is P3,000 (single or accumulated receipts) and must be within the available credit limit of the cardholder at time of
transaction.
- If the available credit limit is insufficient and below the amount requested for, EastWest Bank has the sole discretion to process the transaction to the extent of the available credit limit without prior notice to the cardholder.
- All payment release under Options 1 and 2 will be done via issuance of a Managers Check payment. Under Option 1 (with attached Enrollment Assessment Form), check
will be payable to the school and delivered only to the cardholder's office or home address within Metro Manila as indicated on the application form. Under Option 2 (with attached Official Receipt), check will strictly be payable to the cardholder and shall be delivered either to the cardholder's office or home address within Metro Manila or deposited to the cardholder's bank accounts as indicated on the application form. For check delivery requests, the cardholder must personally receive the check after presenting any vaid ID (SSS, GSIS, PRC, passport, driver's license, and company ID).
- For check deposit requests under option 2, bank account number indicated must be in the name of the cardholder. The depository bank that shall be indicated must have a branch in Ortigas Center and/or Makati Central Business District and check deposits are accepted. Any transaction fee incurred for the check deposit will be charged to the cardholder via debit to the credit card account. EastWest Bank will not deposit to school bank accounts.
- Allow up to six (6) banking days for check delivery requests and for check deposit requests.
- A pre-termination fee of 5% of the net remaining balance to be paid shall be imposed in case of pre-termination. The net remaining balance shall be recomputed less the remaining interest.
- EastWest Bank shall have the absolute exclusive right to approve or reject credit card and tuition buddy applications based on its internal policies or for reasons it deems justifiable. In case of rejection, EastWest Bank has no obligation whatsoever to notify the cardholder of the rejection and the reason thereof.
- If only a portion of the monthly amortization is paid, the corresponding late payment and finance charges under the installment transaction will apply.
- The terms and conditions governing the issuance and use of the card are incorporated herein by reference and made integral part hereof.
Per DTI-NCR Permit No. 1205, Series of 2008
Got questions?
Call 888-1700 now
Email: cards@eastwestbanker.com
Text: EWBCS<space><message> send to 2327 for Globe or to 0917-8902327 for other networks
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