Loans

31 Mar 2025

3:53PM

Housing loans fall for 3rd straight quarter as Metro Manila property values dip

Data from the Bangko Sentral ng Pilipinas (BSP) showed a 10.8-percent year-on-year drop in residential real estate loans for new housing during the fourth quarter. This followed double-digit contractions of 15.7 percent in the third quarter and 24.5 percent in the second quarter of last year.

13 Dec 2024

10:48AM

PH secures $30-M ADB loan for infra, climate-resilient PPP projects

The loan will replenish the Project Development and Monitoring Facility (PDMF), managed by the Public–Private Partnership Center (PPPC), which supports the design and implementation of bankable PPP projects.

29 Oct 2024

6:56AM

GSIS launches new loan program to address members’ budget gaps quickly

MPL Lite offers loan amounts from ₱5,000 to ₱50,000, in multiples of ₱5,000, with flexible repayment options of six, 12, 18, or 24 months.

20 Sep 2024

3:27PM

BSP orders sharp bank reserve cuts starting Oct 25 to lower borrowing costs across the economy

By reducing the reserve requirements, banks will have more liquidity to extend credit, potentially improving loan availability and lowering interest rates. This development is seen as a means to enhance financial service pricing across the country.

31 Aug 2024

12:50PM

Metrobank rolls out holiday loan deals, urges early financial planning

The Ty family’s Metropolitan Bank & Trust Co. kicked off the holiday season in August with offers for new loan products while urging Filipinos to start their financial planning early.

29 Aug 2024

1:24PM

Filipinos download lending, digital bank apps amid high inflation, interest rates

Interest in digital lending and digital banks spiked higher during the first half of 2024 as consumers turned to debt options amid elevated inflation, data from consumer credit service Digido showed.

15 Aug 2024

12:03AM

ABS-CBN commits to debt payments, seeks loan extension to end-2024

By: Miguel R. Camus

Lopez-led ABS-CBN Corp. is actively negotiating with banks to extend a loan deadline to the end of 2024.

27 Jul 2024

11:29AM

BSP: Riskier borrowers seek more loans, but face tighter credit standards in Q3

Banks are expected to tighten their credit standards for business loans in the third quarter, according to the latest Senior Bank Loan Officers’ Survey conducted by the Bangko Sentral ng Pilipinas.

8 Apr 2024

3:01PM

Security Bank and Mitsubishi launch car financing venture

By: Miguel R. Camus

Frederick Dy’s Security Bank Corp. aims to offer more superior financing offers for car buyers through a new joint venture with Japan’s Mitsubishi Motors, the No. 2 car seller in the Philippines.