Pag-IBIG to allow deferred, lower loan payments

Credit to Author: The Manila Times| Date: Fri, 20 Nov 2020 16:20:02 +0000

The Home Development Mutual Fund (Pag-IBIG Fund) has announced it is offering a loan restructuring program to allow housing loan borrowers to defer their payments until March 2021 and to lower their monthly payments. In a statement, Human Settlements Secretary Eduardo del Rosario said the agency was ready to grant home loan borrowers with lower […]

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LandBank grants 60-day moratorium on loan payments

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 20 Oct 2020 05:03:09 +0000

STATE-owned Land Bank of the Philippines is granting its clients a two-month grace period on loan and credit card payments as part of its compliance with the Republic Act 11494 or the Bayanihan to Recover as One (Bayanihan 2) Act. In a statement on Tuesday, the lender said it was providing a one-time 60-day moratorium […]

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Moratorium on loan payments to hurt banks

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 14 Aug 2020 17:16:28 +0000

Two leading business organizations on Friday expressed alarm over the one-year grace period for loan payments provided in the so-called Bayanihan 2 bill, warning that it could hurt the Philippine banking system if passed. In a statement, Management Association of the Philippines (MAP) President Francis Lim admitted that while the 365-day moratorium proposed in the […]

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DA orders loan payment moratorium for farmers, fishermen

Credit to Author: Eireene Jairee Gomez| Date: Mon, 23 Mar 2020 17:05:39 +0000

The Department of Agriculture (DA) has ordered a one-year suspension on loan payments of farmers and fishermen to programs implemented by the Agricultural Credit Policy Council (ACPC) as part of its efforts to assist them while they recover from the impact of the coronavirus disease 2019 (Covid-19) outbreak in the country. In a statement on […]

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