Financing / How it works
MK Phone offers its own installment plan alongside cash purchase. Approvals are human-reviewed. Nothing here guarantees qualification.
- Standard deposit
- ₱15,000.00 per financed phone, subject to approval.
- Terms & markup
- 3 months +10% · 6 months +15% · 9 months +20% · 12 months +25% — applied to the full cash selling price before deposit.
- Payments
- Customer-initiated GCash. Manual reconciliation in Phase 1–4 POC. No automatic withdrawals.
- Grace & late fees
- 7 calendar days after due date are penalty-free. Late fee enabled: no (disabled by default).
Installment calculator
Markup applies to the full cash price before the PHP 15,000 deposit.
- Cash purchase (no markup)
- ₱113,000.00
- Markup (25% of cash)
- ₱28,250.00
- Installment sale total
- ₱141,250.00
- Deposit (subject to approval)
- ₱15,000.00
- Balance after deposit
- ₱126,250.00
Estimated monthly schedule (12 payments)
| # | Amount |
|---|---|
| 1 | ₱10,520.83 |
| 2 | ₱10,520.83 |
| 3 | ₱10,520.83 |
| 4 | ₱10,520.83 |
| 5 | ₱10,520.83 |
| 6 | ₱10,520.83 |
| 7 | ₱10,520.83 |
| 8 | ₱10,520.83 |
| 9 | ₱10,520.83 |
| 10 | ₱10,520.83 |
| 11 | ₱10,520.83 |
| 12 | ₱10,520.87 |
| Total | ₱126,250.00 |
Estimate only until an application is approved and a contract is accepted. Deposit of PHP 15,000 is subject to approval. Total installment cost is higher than the cash purchase price. Late fees are disabled pending legal approval. Payments are customer-initiated via GCash (manual reconciliation in later phases).