Loans

1 day ago

GSIS extends ₱413B in loans to 1.9 million members via two lending programs

The Government Service Insurance System (GSIS) has released a total of ₱413.4 billion under its Ginhawa Flex and Ginhawa Lite loan programs, extending financial support to nearly 1.9 million government workers, GSIS President and General Manager Wick Veloso said during the pension fund’s stakeholders’ dialogue on Thursday, June 26.

3 days ago

RCBC auto and home loan growth jumps 39% in Q1 2025 on strong demand

RCBC’s expanding role in retail lending strengthens its position as a key player in personal finance and mobility for Filipinos. The growth also aligns with broader industry trends in real estate and vehicle sales, particularly the rise of electric vehicle demand.

26 May 2025

3:27PM

SEC targets erring digital lenders: Magic Peso, Peso Wallet operators penalized

The Securities and Exchange Commission (SEC) is cracking down on rogue online lenders. The regulator has issued a cease and desist order against Hupan Lending Technology Inc. for operating unregistered platforms, including Magic Peso.

24 May 2025

3:55PM

SEC revokes Digido’s license: Why it happened, what borrowers need to know

The Securities and Exchange Commission (SEC) has revoked the corporate registration and financing license of Digido Finance Corp., effectively shutting down the company behind the online lending platforms UnaPay and UnaCash.

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.