BSP readies revisions to rules on salary loan terms

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has asked lenders to remove the repayment term limit for salary loans to give retail borrowers, including teachers, more flexibility in managing debt. The central bank is seeking feedback from the industry on a draft circular that would revise rules on salary-based general-purpose consumption loans. Comments […]... Keep on reading: BSP readies revisions to rules on salary loan terms

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