We’re here to help you understand how our installment plans work so you can worry less about interest rates.
The monthly interest rate is the small fee charged every month for the unpaid amount borrowed. Compared to credit cards and other similar services, our rates are lower.
This is a one-time only processing fee that we charge to keep our operations going. This will be included in your monthly payments so you don’t need to pay upfront.
You can pay up to 12 monthly installments. Longer plans have lower monthly payments (perfect for tight budgets) while shorter plans have lower total interest (perfect for maximizing savings). Whatever you select, you can still opt to pay in advance without any additional costs.
Before getting a plan, find out how much you need first. Do you need coverage for the full tuition? Or do you only need partial coverage? This will determine your plan’s “Principal” amount.
Note: refer to the student's school assessment form
Now that you know what you need, you can now see how much you will have to repay. This will be bigger than what you asked for due to interest rates and the origination fee charged to your plan.
Your first monthly installment will be due at least 30 days after you confirm your installment plan. You can pay for your monthly dues online or over-the-counter at partner banks and non-bank payment centers nationwide.
Your Reference Code is listed down as the Agreement Number in your disclosure statement. You can also find your Reference Code under the “My Installments” tab of your Bukas account.
Your monthly repayment is listed down as Monthly Installment Amount in your disclosure statement. You can also find your monthly dues on your payment dashboard under the “My Installments” tab of your Bukas account.
You can find your Installment Repayment Schedule in your disclosure statement. You can also find your monthly dues on your payment dashboard under the “My Installments” tab of your Bukas account.
Do you have more questions about applying?Visit our Help Center