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Loans, Credit and Asset Management

Lending Rates

The Peso rediscount rates for Rediscounting Windows (RW) I and RW II are based on the applicable BSP one-month repurchase (RP) rate and overnight reverse repurchase (RRP) rate, respectively, plus term premia for longer maturities pursuant to Circular No. 806 dated  15 August 2013.

Meanwhile, the rediscount rates for the Exporters Dollar and Yen Rediscount Facility have been aligned with market rates and are based on their respective 90-day London Inter-Bank Offered Rate (LIBOR) for the last working day of the immediately preceding month plus 200 basis points (bps) plus term premia for longer maturities in accordance with Circular No. 807 dated 15 August 2013.

The interest rate charged on emergency loans or advances is 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 rate charged on Overdraft Credit Line availments is 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 per Circular No. 681 dated 08 February 2010.