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BSP extends salary loan repayment period to 7 years
Summary by Inquirer
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1 Articles
BSP extends salary loan repayment period to 7 years
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has extended the repayment term limit for salary loans in a move aimed at making consumer credit more manageable without encouraging excessive borrowing. Under Circular No. 1239, which amends regulations on salary-based general-purpose consumption loans, the BSP said the maximum allowable repayment period for these loans was
·Manila, Philippines (the)
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Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
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L 100%
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