FINANCE & LIFESTYLE POLICE ISSUES

Good News: PSSLAI to implement 60-day Grace Period, Won’t Collect Accrued Interests

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 […]