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    SOA-December 2022

    Uploaded by

    RYLYN JOY MAGSAYO
    This document is a monthly billing statement from Home Credit for the period of December 30, 2022 to January 27, 2023. It shows that the account holder has an account number of 4206527223, a billing date of January 28, 2023, and a payment due date of February 06, 2023. The statement summary shows that the account holder has a spending limit of PHP 10,000, a total amount due of PHP 0, and made no payments, so the minimum amount due is PHP 0. It also provides examples of interest computations and reminders on how to pay.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    SOA-December 2022

    Uploaded by

    RYLYN JOY MAGSAYO
    189 views4 pages
    This document is a monthly billing statement from Home Credit for the period of December 30, 2022 to January 27, 2023. It shows that the account holder has an account number of 4206527223, a billing date of January 28, 2023, and a payment due date of February 06, 2023. The statement summary shows that the account holder has a spending limit of PHP 10,000, a total amount due of PHP 0, and made no payments, so the minimum amount due is PHP 0. It also provides examples of interest computations and reminders on how to pay.

    Copyright

    © © All Rights Reserved

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    This document is a monthly billing statement from Home Credit for the period of December 30, 2022 to January 27, 2023. It shows that the account holder has an account number of 4206527223, a billing date of January 28, 2023, and a payment due date of February 06, 2023. The statement summary shows that the account holder has a spending limit of PHP 10,000, a total amount due of PHP 0, and made no payments, so the minimum amount due is PHP 0. It also provides examples of interest computations and reminders on how to pay.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    189 views4 pages

    SOA-December 2022

    Uploaded by

    RYLYN JOY MAGSAYO
    This document is a monthly billing statement from Home Credit for the period of December 30, 2022 to January 27, 2023. It shows that the account holder has an account number of 4206527223, a billing date of January 28, 2023, and a payment due date of February 06, 2023. The statement summary shows that the account holder has a spending limit of PHP 10,000, a total amount due of PHP 0, and made no payments, so the minimum amount due is PHP 0. It also provides examples of interest computations and reminders on how to pay.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4
    At a glance
    Powered by AI
    The key takeaways are how interest fees are calculated daily based on transaction amounts and number of days borrowed, as well as the importance of paying the minimum amount due on time to avoid penalty fees.

    Interest fees are calculated daily by multiplying the transaction amount by the daily interest rate (monthly interest rate divided by 30 days), and then multiplying that by the number of days the amount was borrowed for.

    If the minimum amount due is not paid on or before the due date, a late penalty fee of 5% of the total outstanding balance will be charged. Additionally, any transactions will continue to incur interest fees daily until they are fully paid.

    Ang iyong Monthly Billing Statement para sa period of DECEMBER 30, 2022 - JANUARY 27, 2023

    Account Number 4206527223


    Billing Date January 28, 2023
    RYLYN JOY ALMOJALLAS MAGSAYO
    Past Due Amount Php 0.00
    PRK.6 Total Amount Due Php 0.00
    As of JANUARY 27, 2023
    POBLACION BAJO
    SERGIO OSMENA SR. 7106 Minimum Amount Due Php 0.00
    Pay for your Minimum Amount Due on time to avoid penalty fees and save on interest fees. Paying
    ZAMBOANGA DEL NORTE, PHILIPPINES more, on time means saving more, every time!

    Payment Due Date February 06, 2023


    The date when at least the minimum amount due should be paid.

    Your Statement Summary


    (-) (+)
    (+) (+) (-) (=)
    I. Previous Total II. Purchase
    III. Interest Fees IV. Other Fees V. Payments Made VI. Total Amount Due
    Amount Due Transactions

    Php 0.00 Php 0.00 Php 0.00 Php 0.00 Php 0.00 Php 0.00

    I. Ang iyong Total Amount Due sa previous statement ay: Php 0.00 V. Ikaw ay nakapag bayad ng: Php 0.00. Maraming salamat!
    II. Ang halaga ng iyong nagastos at na-withdraw ay: Php 0.00 VI. Ang iyong Total Amount Due ay: Php 0.00
    III. Ang iyong monthly installment na kailangan bayaran ay: Php 0.00
    IV. Para sa fees and interest charges, mayroon kang charge na: Php 0.00

    Your Minimum Amount Due Balance Information

    Available
    10% of Spending Limit OR the Total Amount Due whichever is lower Spending Limit Total Amount Due
    Balance

    Php 0.00 Php 10,000.00 Php 0.00 Php 10,000.00

    How to Pay for your Qwarta Bill

    Use your 10-digit Account Number to pay for your Qwarta account in accredited payment centers. To save on interest fees, avoid late payment fees
    and avoid account blocking, please pay at least the Minimum Amount Due on or before the Payment Due Date.

    Payment Partners

    Para sa kompletong listahan ng payment partners at payment guidelines, paki-visit ang https://www.homecredit.ph/payments/#howandwheretopay o kaya tingnan ang iyong My Home Credit app.

    IMPORTANT REMINDER: Interest fees are computed daily. Pay more to save more!

    HC Consumer Finance Philippines FIND US ON SOCIAL MEDIA


    15F Ore Central, 9th Ave. cor 31st Street FACEB LINKEDITWITTE
    Bonifacio Global City, Taguig City OOK N R
    Ang iyong Monthly Billing Statement para sa period of DECEMBER 30, 2022 - JANUARY 27, 2023

    Account Number 4206527223

    2/4

    HC Consumer Finance Philippines FIND US ON SOCIAL MEDIA


    15F Ore Central, 9th Ave. cor 31st Street FACEB LINKEDITWITTE
    Bonifacio Global City, Taguig City OOK N R
    Ang iyong Monthly Billing Statement para sa period of DECEMBER 30, 2022 - JANUARY 27, 2023

    Sample Interest Computation


    To compute for your interest, you'll just multiply your
    transaction amount to the daily interest(to compute this, you
    have to divide the monthly interest rate of 4% by 30 days) then
    multiply it to the number of days borrowed.

    Approval Date: Jan 01 For the same example, if you pay partially within the billing cycle,
    Billing Date: 28th of the month say on Jan 05 for P200, this payment will be applied in this order: (1)
    1st Billing Period: Jan 01-27 Penalty Fees (2) Interest Fees (3) Principal Transactions.
    Spending Limit: P3,000
    In this case, to the P500 transaction on Jan 01. Computations
    If you use your Qwarta account for P500 each on Jan 01, Jan 10 become:
    and Jan 20 and wait for the billing date, computations for the first Interest Charges:
    billing date(Jan 28) become, ((P500 x 4%)/30 days)) x 4 days (from Jan 01 - Jan 05)
    Interest Charges: +
    ((P500 x 4%)/30 days)) x 27 days ((P300 x 4%)/30 days)) x 23 days (from Jan 05 - Jan 28)
    + +
    ((P500 x 4%)/30 days)) x 18 days ((P500 x 4%)/30 days)) x 18 days
    + +
    ((P500 x 4%)/30 days)) x 8 days ((P500 x 4%)/30 days)) x 8 days
    = =
    P35.33 P28.47

    Total Amount Due: Total Amount Due:


    P1,500(principal) P1,300(principal)
    + +
    P35.33(interest charges) P28.47(interest charges)
    = =
    P1,535.33 P1,328.47

    Minimum Amount Due: P300(10% of Limit or Total Amount Due Minimum Amount Due: P300(10% of Limit or Total Amount Due
    whichever is lower. It will be P300 for this scenario since P300 is whichever is lower. It will be P300 for this scenario since P300 is
    lower than P1,535.33) lower than P1,328.47)

    3/4

    HC Consumer Finance Philippines FIND US ON SOCIAL MEDIA


    15F Ore Central, 9th Ave. cor 31st Street FACEB LINKEDITWITTE
    Bonifacio Global City, Taguig City OOK N R
    Ang iyong Monthly Billing Statement para sa period of DECEMBER 30, 2022 - JANUARY 27, 2023

    Important Reminders Questions

    Interest Fees When should I pay my balance?


    There is no grace period on interest fees. You can pay any amount from your transactions at any time. The
    more and the earlier you pay, the more you save on interest fees.
    Billing Date Meanwhile, please pay for at least your minimum amount due every
    Billing date is fixed every month. due date which comes 10 days after your billing date time to avoid
    penalty fees and your Qwarta account from being blocked.
    Due Date
    Due Date comes 10 days after the billing date. What will happen if I pay only a partial amount?
    If you fail to pay for at least minimum amount due on or before due
    Total Amount Due (TAD) date, the account will incur late penalty fee that is equivalent to 5%
    Total Amount Due(TAD) = Principal + Interest Fees + Penalty Fees of your total outstanding balance. Meanwhile, your transactions will
    incur interest fees daily until they are fully paid.
    Minimum Amount Due (MAD)
    Minimum Amount Due(MAD) = 10% of the credit limit or the Total Can my limit increase?
    Amount Due, whichever is lower Absolutely! Please maintain a good credit standing with your other
    HC loan/s to improve your chances of increasing your Qwarta
    Late Penalty Fee spending limit.
    Late Penalty Fee = Charged on the account if the client fails to pay
    1 missed due date = 5% of Total Amount Past Due in end of billing
    2 straight missed due dates = 5% of Total Amount Past Due in end
    of billing
    3 straight missed due dates = 5% of Total Amount Past Due in end
    of billing Customer Service
    Globe - (02) 7753-5711
    Transactions Hotline
    Transactions are posted real time onto the Qwarta mobile app PLDT - (02) 7753-5711
    dashboard. International Calls +632 7753-5711

    Interest and penalty fees E-mail [email protected]


    Interest and penalty fees are computed monthly, on the billing date. Chat www.homecredit.ph
    These amounts, including all the transactions for the billing cycle are
    reflected on the statements of account as well as the Qwarta mobile
    app dashboard.

    Available Credit Limit


    Available Credit Limit = Original Credit Limit - TAD

    4/4

    HC Consumer Finance Philippines FIND US ON SOCIAL MEDIA


    15F Ore Central, 9th Ave. cor 31st Street FACEB LINKEDITWITTE
    Bonifacio Global City, Taguig City OOK N R

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