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WorksheetsBalance Conversion Fundamentals
Total questions: 10
Worksheet time: 5mins
Minimum number of months allowed for BalCon
1 month
6 months
3 months
12 months
The final step in processing BalCon is to log details in (a)
A card holder may avail of the BalCon facility if…
CH is in good credit standing
Is trustworthy
Has a savings account in the bank
CH credit card is active
Longest tenor for BalCon is (a) months
A CH may avail of the BalCon facility through the following channels
MBOA
MBTC Branch
MCC Website
Ernest
Once approved, CH will be charged a one-time processing fee amounting to...
Php 1,000
Php 500
Php 2,000
Php 800
CH has an outstanding balance of Php 10,000.
CH decides to pre-terminate installment.
Pre-termination fee charged to CH amounts to Php (a) ?
Approved BalCon applications shall NOT be eligible for___
interest rates
reward points
promos
Credit investigation
How long will it take to process the application if it is "for endorsement"
10 Business Days
2 Business Days
3 Business Days
5 Business Days
"Please note that balance conversion is not considered as a payment, hence your account shall incur finance charges on the (a) month as full statement balance is not being settled. "
