Upon approval of the EastWest Credit Cards’ Insta-Cash Facility application, the Cardholder understands and agrees on the following Terms and Conditions:

  1. The Cardholder agrees to pay the fixed monthly installment for the whole payment term, which fixed monthly installment shall form part of the Total Statement Balance of the Cardholder’s EastWest Credit Card.
  2. The Cardholder may opt to pay only the Minimum Payment Due on his/her Total Statement Balance wherein only a percentage of the monthly installment is paid. In which case, s/he will be imposed the prevailing interest charge in addition to the installment interest.
  3. In case the Cardholder’s EastWest Credit Card is suspended, revoked or cancelled, all the unbilled monthly installment transactions shall immediately become due and demandable and will form part of the total outstanding balance.
  4. In 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.
  5. The Cardholder shall continue to be bound by and comply with the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards which are incorporated herein by reference and of which the Cardholder was furnished copies by EastWest as well as the Promo Mechanics of the Insta-Cash Program.
  6. In case the Insta-Cash application is disapproved, the Cardholder acknowledges that EastWest is not obliged to advise him/her of the disapproval unless required by law or regulation.