Here’s a simple breakdown:

For Pay-in-2

• Step 1: The monthly installment fee is calculated as a percentage of your total purchase amount. Let’s assume it is worth Php 500. 
• Step 2: To calculate your monthly installment, divide the purchase amount by 2 and add the monthly installment fee.
  • For example: Php 500 ÷ 2 = Php 250 per installment, plus the monthly fee based on Php 500.
    
    

For Pay-in-4

• Step 1: The monthly installment fee is calculated as a percentage of your total purchase amount. Let’s assume it is worth Php 24,000. 
• Step 2: To calculate your monthly installment, divide the purchase amount by 4 and add the monthly installment fee.
  • For example: Php 24,000 ÷ 4 = Php 6,000 per installment, plus the monthly fee based on Php 24,000. 
    
    

For Pay-in-6

• Step 1: The monthly installment fee is calculated as a percentage of your total purchase amount. Let’s assume it is worth Php 24,000. 
• Step 2: To calculate your monthly installment, divide the purchase amount by 6 and add the monthly installment fee.
  • For example: Php 24,000 ÷ 6 = Php 4,000 per installment, plus the monthly fee based on Php 24,000. 
    
    

For Pay-in-12

• Step 1: The monthly installment fee is calculated as a percentage of your total purchase amount. Let’s assume it is worth Php 24,000. 
• Step 2: To calculate your monthly installment, divide the purchase amount by 12 and add the monthly installment fee.
  • For example: Php 24,000 ÷ 12 = Php 2,000 per installment, plus the monthly fee based on Php 24,000. 
    
    

For an easy estimate, you can always use the payment calculator in your MoreTyme Dashboard in the GoTyme Bank app.