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    Date: 2023-11-08 15:49:21.357736

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    Date: 2023-11-08 16:08:09.625958

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    Date: 2023-11-09 11:58:21.185071

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WHAT IS THE MAXIMUM LOAN INTEREST THAT LOAN APPLICATION CAN GIVE

Requested from SEC by S. MANDOCDOC at 03:49 PM on Nov 08, 2023.
Purpose: PERSONAL KNOWLEDGE
Date of Coverage: 10/25/2023 - 11/08/2023
Tracking no: #SEC-466369167902

MANDOCDOC 03:49 PM, Nov 08, 2023 

HI I WOULD LIKE TO ASK IF HOW MUCH IS THE INTEREST THAT LOAN APPLICATION CAN GIVE? IS THERE ANY PUNISHMENT IF THE LOAN INSTITUTE INTEREST IS NOT ACCEPTABLE

Gonzales 04:08 PM, Nov 08, 2023 

November 9, 2023

Dear SHIELA MAE,

Thank you for your request dated Nov 08, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for WHAT IS THE MAXIMUM LOAN INTEREST THAT LOAN APPLICATION CAN GIVE.

We received your request on Nov 08, 2023 and will respond on or before Nov 29, 2023 03:49:21 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at http://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy00NjYzNjkxNjc5MDIM, for request with ticket number #SEC-466369167902.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Quimio 11:58 AM, Nov 09, 2023 

November 9, 2023

Dear SHIELA MAE MANDOCDOC,

Greetings!

Thank you for your request dated Nov 08, 2023 03:49:21 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for WHAT IS THE MAXIMUM LOAN INTEREST THAT LOAN APPLICATION CAN GIVE.

Response to Request

The Bangko Sentral ng Pilipinas issued BSP Circular No. 1133 Series of 2021 on the ceilings on interest rates. In relation to this, SEC issued SEC MC No. 3 Series of 2022 or you can also search this link for your reference: https://www.sec.gov.ph/notices/frequently-asked-questions-faqs-on-sec-memorandum-circular-no-3-series-of-2022-implementing-bsp-circular-no-1133-series-of-2021/#gsc.tab=0


If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to the Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.


Thank you.

Sincerely yours,

Atty. Kenneth Joy A. Quimio
Asst. Director
Financing and Lending Division
SEC

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