Can I read Banco Filipino Loan Interest Ruling on EtoBox?

Banco Filipino Loan Interest Ruling by GraceSantos is a document available to read on EtoBox.

What is Banco Filipino Loan Interest Ruling about?

- Florante del Valle obtained a loan of P41,300 from Banco Filipino secured by a real estate mortgage at 12% interest annually. The loan agreement contained an escalation clause allowing interest rate increases if a new law increased lawful rates. - After the Central Bank issued Circular No. 494 increasing maximum rates to 19%, Banco Filipino increased Del Valle

Author

GraceSantos

Language

EN