What's the Catch of GFiber Plan 1499 w/ No Lockup Inclusion?

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Just want to ask kung anong difference nitong Limited offer nila with GFiber Prepaid? Since it's no lockup, does that mean ba waived na 'yung 24-month contract, and pwede i-cut 'yung Plan anytime?

I paid Php 1.00 upon application. How true is the Php 1,499.00 Service Fee? Should I expect to pay some hidden fees? I've heard rumors that may need bayaran na Php 3,000.00 for the inclusions?

Thank you!