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UPDATE ON MANDATORY GRACE PERIOD FOR LOANS

Please be advised that the mandatory grace period shall no longer be applied to loans falling due during the General Community Quarantine (GCQ) or Modified General Community Quarantine (MGCQ) throughout the Philippines beginning 01 June 2020. This Notice is consistent with the Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2020-042. READ MORE: http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice-on-GRACE-PERIOD_GCQ-AND-MGCQ.pdf


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