Philippines Extends Maximum Tenor for Salary-Based Consumer Loans to Seven Years
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has increased the maximum repayment period for salary-based consumer loans to seven years, a move aimed at making credit more affordable for borrowers while reinforcing responsible lending standards among banks and other regulated… Read More
Read more in: Asia | Tagged bangko sentral ng pilipinas, consumer loans, Philippines, Salary Loan