Rappler
LIST: Banks’ grace period for card, loan payments amid coronavirus
Major Philippine banks are extending loan payment grace periods to help clients cope with the economic impact of the COVID-19 pandemic and the enhanced community quarantine.
BDO Unibank is offering a 60-day payment extension for qualified credit card, auto, home, SME, and personal loans with due dates up to April 15, 2020.
Philippine Savings Bank (PSBank) is giving a 30-day grace period for qualified auto loan, home, and personal loan borrowers.
CIMB Bank is extending by a month the due date for personal loan borrowers who need to pay their loans by April 1, 2020.
Other banks like BPI, Metrobank, RCBC, China Bank, and UCPB are offering a 30-day grace period for qualified consumer loans.
PNB announced a 30-day extension for credit cards with due dates from March 18 to April 15.
Security Bank is providing a 30-day grace period for qualified borrowers with current loan accounts as of March 16, 2020, covering various loan types.
PSBank is also waiving fees on fund transfers to other banks via InstaPay and PESONet starting March 18.
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The Bangko Sentral ng Pilipinas (BSP) has urged banks to offer financial relief, including suspending online banking fees and granting a grace period for loan payments, amid the COVID-19 pandemic and enhanced community quarantine.
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Globe Telecom Inc. is extending the payment due date for its postpaid subscribers by 30 days, covering both mobile and broadband services, in response to the enhanced community quarantine measures.
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The Securities and Exchange Commission (SEC) is urging all lending and financing companies to implement debt relief measures for borrowers affected by the coronavirus pandemic.
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Meralco announced a 30-day payment extension for bills due from March 1 to April 14, 2020, in response to the quarantine placed over the National Capital Region and the enhanced community quarantine over Luzon.
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The Home Development Mutual Fund or Pag-IBIG Fund is granting a three-month moratorium on loan payments for its members in Luzon and the National Capital Region.
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