What are the interest rates charged by REVI Credit?
Depending on your credit score, your monthly interest rate can be as low as 1% or up to 5%. The interest rate is prorated, which means it is distributed over the number of days you availed of the credit.
For example, you made a bill payment of PHP 200 with REVI Credit and wish to settle the balance after 5 days. The interest will be computed as such:
PHP 200 x 5% x 5/30 = PHP 1.67
Therefore, your REVI Credit due balance would be PHP 201.67.
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