Rappler's latest stories on loans
[Project Lifeline] Is it wise to avail of ECQ grace periods for loan payments?
While it is wise to be aware of relief measures and their corresponding benefits, it is equally wise to consider their finer points
Coronavirus pushes more banks to tighten credit standards in Q1 2020
Majority of banks say they have maintained credit standards, but more have started reporting tighter rules as the coronavirus pandemic raises economic risks
Duterte says he'll sell gov't assets to pay coronavirus loans
President Rodrigo Duterte says the move will be his last resort if the government runs out of money to pay off loans and fund programs to respond to the coronavirus outbreak
SEC shuts down Peso Tree, Pesolalo, Pinoy Cash Loan
The online lending firms ridiculed debtors and slapped very high interest rates, says the Securities and Exchange Commission
SEC shuts down 6 online lending apps found shaming customers
(UPDATED) Six companies which shame and threaten customers get a taste of their own medicine, as the Securities and Exchange Commission orders their closure
SEC wants interest rate cap for payday loans
The Securities and Exchange Commission asks the central bank to set an interest rate ceiling to combat predatory lending
ROUNDTABLE: No application, no rejection...no problem?
Join us for a roundtable about the Philippines' credit landscape on July 30, 11 am
Japan yet to deliver P430 billion in railway loans to Philippines
Of the ¥1.3 trillion or P620.81 billion that Japan committed for Philippine railway projects, some ¥900 billion or about P430.58 billion still have to be delivered
China debt trap? Opposition bets say PH at 'losing end' of 'onerous' loans
'Ang mahirap sa sinasabi ng pamahalaan na hindi pa ito done deal, hihintayin pa ba natin na matapos ang kontrata saka tayo magrereklano? Aanhin mo pa ang damo, kung patay na ang kabayo?' says Otso Diretso's Romulo Macalintal
CHED allots P1 billion for short-term student loan program
Students from public and private universities can avail of short-term loans as early as this year, says Commission on Higher Education Chairman Prospero de Vera III
[OPINION] Part 2 | Road to damnation through Chinese-funded dams
We predict that future administrations will have to cancel the Kaliwa and Chico projects and default on the Chinese loans, which will result in the Philippines being sued by China in arbitration proceedings that have been designed to favor the creditor
Poe: Release 'made in China' loan contracts in full for public scrutiny
(UPDATED) 'We can begin the review process by releasing in full the loan agreements, including annexes and minutes of the meeting of the reviewing and approving bodies,' says reelectionist senator Grace Poe
Fearing default on China loans? You have 'no faith' in PH – Dominguez
'The Philippines has no history of defaulting on its loans. So why are people saying now that we will default? They have no faith in the Philippines?' says Finance Secretary Carlos Dominguez III
Panelo changes tune on loans: From 'no say' to 'equal footing' with China
A week ago, Presidential Spokesperson Salvador Panelo had said the Philippines had no say in the loan agreements with China as it is merely a borrower
Made in China: Loan terms with waivers, shrouded in secrecy
Rappler reviews loan documents for the Philippines' infrastructure projects and finds that China is demanding more than others and wants deals kept opaque
[ANALYSIS] How the Philippines fell for China’s infamous debt trap
Duterte himself fell for China’s debt trap – hook, line, and sinker – and in the process put at risk the country’s natural resources and strategic assets
Aquino hits loan deals with China: 'Can't we pity ourselves this time?'
Former president Benigno Aquino III compares the Duterte government's deals with China to the botched Northrail project during the Arroyo administration
What are patrimonial assets? Lambino rejects China debt trap fears
Finance Assistant Secretary Antonio Lambino implies that the Philippines would not lose the gas-rich Reed Bank, as it is not considered a patrimonial asset
Malacañang taking Mahathir's advice on Chinese loans
The Duterte government's economic managers are 'evaluating all kinds of loans' from China, says Presidential Spokesperson Salvador Panelo
LIVE: Senate hearing on China loans
Watch the hearing live on Tuesday, March 5, at 9 am
Buying a home in 2019? High interest rates will bite
High inflation in 2018 is the poltergeist of the new year. Check Rappler's list to see which banks offer the lowest interest rates for housing loans.
Slow China loans a blessing in disguise?
Loans from China are not moving as fast as many expected, but government officials say there's an upside to that
Ompong-hit families can borrow up to P150,000 from Pag-IBIG
Borrowers only need to bring a photo of their house and their title to annotate their loans, says Presidential Spokesperson Harry Roque
Samoa rejects China Pacific debt forgiveness call
Samoan Prime Minister Tuilaepa Sailele Malielegaoi says asking for aid loans to be forgiven painted an 'unfaithful picture' of the recipient nation
Sri Lanka secures $1 billion Chinese loan
Central bank Governor Indrajit Coomaraswamy says that first half of the loan will be released later this month and the balance will be received in October
China denies 'debt trap' in grants for Philippines
'I think your economic team is smart enough,' says Chinese Ambassador Zhao Jianhua
Sri Lanka moves navy unit to Chinese-run port
Colombo's announcement will likely raise fresh concerns in New Delhi over China's military potentially getting a foothold in the Indian Ocean through the deep-sea port of Hambantota
Philippines 'extra careful' with China loans – NEDA
Socioeconomic Planning Secretary Ernesto Pernia says he is well-aware of the experiences of countries like Sri Lanka which fell into Beijing's debt-trap diplomacy
Philippines, South Korea sign P9-B loan deal for Cebu container port
(UPDATED) The Export-Import Bank of Korea provides a loan for Cebu's new container port with an interest rate of 0.15%, payable over 40 years
'Can you lend more?' Duterte asks ADB to fund more infra projects
'We shall continue to rely on the ADB for financial assistance, be it in the form or loans or grants,' President Rodrigo Duterte says at the 51st Annual Asian Develoment Bank Meeting
Philippines to borrow more from foreign lenders
Budget Secretary Benjamin Diokno says the government decided to hike the share of foreign borrowings to 25% of the total financing program for the next 5 years, from the initial 20%
Bank lending, liquidity both up in February
Bank loans expand by 19.5% in February, pushing domestic liquidity to an estimated P10.7 trillion for the month, according to the Bangko Sentral ng Pilipinas
China denies seeking PH resources as collateral
'Our assistance and support to the Philippines are provided with no strings attached,' says Chinese Foreign Ministry spokesperson Geng Shuang
[OPINION] What scares me the most about China’s new, ‘friendly’ loans
China is appropriating our territories even without any of its infrastructure projects breaking ground. It’s like a bank foreclosing your house even if it hasn’t given you any money yet.
The first-timer's guide to buying a home or car
Planning to acquire your first home or car? We’ve got you covered
$380-million ADB loan to finance 11 infra projects in Mindanao
The loan will finance the construction of roads in the Zamboanga Peninsula and bridges in Tawi-Tawi
Bad loans rise at Philippines' big banks in October
The Philippines' central bank says rate of bad loans remains manageable across economic sectors, like financial and insurance activities
Briones eyes mandatory financial literacy workshops for teachers
Education Secretary Leonor Briones says teachers must be smart about their finances since they will soon teach students about financial literacy as mandated by law
Criticisms vs DepEd over teachers' loans are 'misplaced' – Briones
DepEd Secretary Leonor Briones says they had to step in and make sure teachers' loans from GSIS are being paid, because 26,000 teachers did not receive retirement benefits in 2016 due to unpaid debts
Digital small loans lending platform pera247 launched in PH
Pera 247 is a mobile app-based lending platform that provides micro-loans for up to 90 days to the country’s unbanked population without the need for collateral or existing credit history
PH to receive $366M dev’t loan from ADB, France
The loan is intended for inclusive growth programs with target disbursement late this year or early next year, says the Department of Finance
DepEd to restore teachers' loan deductions on October 30
The DepEd says GSIS and Pag-IBIG Fund loan payments deducted from teachers' salaries this month would be returned to their bank accounts
DepEd assures teachers of P4,000 pay even with loan deductions
Education Secretary Leonor Briones says they are examining emergency measures 'to assuage the situation' of teachers affected by the recent loan deductions
Teachers' group cries foul over loan deductions from take-home pay
Education Secretary Leonor Briones says public school teachers' loans are now at P300 billion: 'Are you going to suffer the pain now and look for solutions or continue the same practice until your loans will accumulate?'
ADB offers Philippines $3.8B in loans for infra, social projects
Nearly half of the total will help fund infrastructure projects from 2018 to 2020 says the Department of Finance
BPI launches microfinance bank to target underserved entrepreneurs
The new microfinance subsidiary called BPI Direct BanKo has a network of 24 branches across the country with 100 branches targeted by the end of 2017
Don't let dictator Duterte mortgage our future like Marcos did
A dictator once mortgaged our future to imperialist powers and bankrupted this nation We cannot let another dictator do that again
Joma wary Chinese loans might trap PH to give up West PH Sea
UPDATED Communist leader Jose Maria Sison raises 8 questions regarding President Rodrigo Duterte s plans to heavily borrow from China amid a warning it could turn the Philippines into a debt slave of the Asian economic giant
Court excludes Enrile from 1987 Marcos-Cojuangco loot case
This resolution comes 12 years after the appeal by the PCGG
SEC suspends 20 more lending firms
The SEC previously suspended 84 lending companies for failing to obtain certificates of authority
