Lending Rates

The Peso rediscount rates are based on the applicable BSP overnight reverse repurchase (RRP) rate pursuant to Circular No. 679 dated 01 February 2010. Meanwhile, the rediscount rates for the Exporters Dollar and Yen Facility have been aligned with market rates and are based on their respective London Inter-Bank Offered Rate (LIBOR) for the last working day of the immediately preceding month in accordance with Circular No. 630 dated 11 November 2008.

The interest rates charged on emergency loans or advances are based on the BSP lending rate plus two percent per annum per Circular No. 517 dated 06 March 2006. Interest on emergency loans is collected in advance upon release of the loan.

The interest rates charged on Overdraft Credit Line availments are based on the 91-day Treasury Bill rate of the last auction immediately preceding the availments, plus three percentage points, or one-tenth of one percent (1/10 of 1%) of the availment per day, whichever is higher.