PSSLAI will not collect any accrued interests for the whole duration of the 60-day grace period for loan payments. In an advisory posted on its website, it explains that based on RA 11494 or Bayanihan to Recover as One Act and BSP Memorandum Circular No. M-2020-068, lending institutions “may collect Accrued Interests for loans covered by the […]
Tag: LOAN MORATORIUM
PSSLAI Statement on 60-day loan payment grace period
The Public Safety Savings and Loan Association, Inc (PSSLAI) published a statement on its website regarding the 60-day grace period on loan payments as mandated by RA 11494 or the Bayanihan 2 law.
AFPSLAI Implements 60-day Loan Moratorium
The Armed Forces and Police Savings and Loans Association, Inc. (AFPSLAI) will implement a 60-day moratorium for all loan payments of its member-borrowers.