01/11/2025
๐ญ ๐๐๐๐ ๐๐ข๐ฅ ๐๐ข๐ ๐ ๐๐ก๐ง๐ฆ: ๐๐ฟ๐ฎ๐ณ๐ ๐ ๐ฒ๐บ๐ผ๐ฟ๐ฎ๐ป๐ฑ๐๐บ ๐๐ถ๐ฟ๐ฐ๐๐น๐ฎ๐ฟ ๐ผ๐ป ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฐ๐ฎ๐น๐ถ๐ฏ๐ฟ๐ฎ๐๐ฒ๐ฑ ๐๐ฒ๐ถ๐น๐ถ๐ป๐ด๐ ๐ผ๐ป ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฅ๐ฎ๐๐ฒ๐ ๐ฎ๐ป๐ฑ ๐ข๐๐ต๐ฒ๐ฟ ๐๐ฒ๐ฒ๐ ๐๐ต๐ฎ๐ฟ๐ด๐ฒ๐ฑ ๐ฏ๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ป๐ด ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐, ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐, ๐ฎ๐ป๐ฑ ๐ง๐ต๐ฒ๐ถ๐ฟ ๐ข๐ป๐น๐ถ๐ป๐ฒ ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ๐
The Securities and Exchange Commission (SEC) has published for public comment the draft Memorandum Circular titled โRecalibrated Ceilings on Interest Rates and Other Fees Charged by Financing Companies, Lending Companies, and Their Online Lending Platforms.โ
The draft MC applies to unsecured, general-purpose loans not exceeding P20,000.00 and with a loan tenor not exceeding six months, entered into beginning December 1, 2025, and sets an Effective Interest Rate ceiling of 10% per month, with administrative sanctions for non-compliance.
The SEC invites stakeholders to submit their comments and suggestions on or before November 14, 2025 through: ๐ https://forms.gle/YB9TrJapyS2AC87V8
Read the full notice here: https://www.sec.gov.ph/notices/request-for-comments-on-the-draft-memorandum-circular-on-the-recalibrated-ceilings-on-interest-rates-and-other-fees-charged-by-financing-companies-lending-companies-and-their-online-lending-platform/