In the Philippines, there isn’t a single, absolute maximum interest rate set by law. However, there are regulations in place to prevent excessively high-interest rates and protect borrowers. Here’s a breakdown of the regulations impacting interest rates: Usury Law (Act No. 2655) Base Rule: This law sets a ceiling of 6% per annum for loans where […]
Loan in Philippines
How Do i Stop Online Lending Harassment?
Here’s a comprehensive guide on how to stop online lending harassment in the Philippines. It’s important to act decisively and understand your rights: 1. Document the Harassment Keep records: Save screenshots of messages, call logs, and any other evidence of harassment directed at you or your contacts. Note details: Record the date, time, content of the harassment, […]
10+ Best Lending Company in Davao City Online personal Loan
Understanding Lending Companies in Davao City Davao City offers various lending companies for those seeking financial assistance. These companies provide loans outside traditional banking structures, often focusing on faster process times and accessible options. Pros Speed: Faster loan processing compared to mainstream banks. Accessibility: May have less stringent requirements, making them a possibility for those with limited […]
