Weekly High and Low Lending Interest Rates, by Loan Type1,p
in percent per annum
For the Weekending of 29 January 2025		Indicative Rate				Effective Rate
		High		Low		High		Low
	Loans to Government2	7.25		4.94		8.06		5.10
	Loans to Private Corporations3	9.64		6.00		10.25		6.44
	Contracts to Sell4	7.88		7.48		8.08		7.55
	Agrarian Reform and other Agricultural Loans5	9.25		6.22		10.15		7.62
	Small and Medium Enterprise Loans6	11.07		6.43		12.65		7.56
	Microenterprise Loans7	12.58		7.49		14.73		9.01
	Loans to Individuals
	All Loans to Individuals	20.27		9.79		21.57		11.45
	Motor Vehicle Loans8	15.63		8.43		16.56		10.99
	Salary-Based General-Purpose Consumption Loans9	19.02		12.16		24.27		14.42
	Housing Loans10	7.94		6.82		8.78		7.18
	Credit Card11	33.62		15.53		35.56		18.63
	Other Loans12	16.29		7.48		16.51		7.26
	Overall	12.06		6.94		12.65		7.78
	1 Starting 1 January 2020, universal and commercial banks (UKBs) are required to submit the amended reporting templates on banks' lending and deposit rates or Interest Rates on Loans and Deposits (IRLD) in accordance with Circular Nos. 1029 and 1037, series of 2019. Data refer to the average of the quoted or indicative/effective or actual lending high/low rates for a given reference week. Bank submissions with interest rates of 100% and above were excluded per account code from the computation per the Department of Supervisory Analytics (DSA) and Supervisory Policy and Research Department's (SPRD) definition of outliers. As such, IRLD data may not be consistent with the historical series on effective and indicative lending rates of U/KBs prior to 2020.
	2 Refer to the amortized cost of loans granted to the national government, local government units, and government-owned and controlled corporations
	3 Refer to the amortized cost of loans granted to private corporations, including single proprietorships, partnerships, and cooperatives
	4 Refer to the amortized cost of loans granted to developers of housing projects by way of purchase of the bank of receivables from contracts to sell executed between the developers and home buyers on a with recourse or substitution basis
	5 Refer to the amortized cost of loans granted, which meet the qualification requirements for agrarian reform and other agricultural credit loans under subsections X341.4 and X341.5 of the Manual of Regulations for Banks (MORB), as amended
	6 Refer to the amortized cost of loans granted to small and medium enterprises, as defined under subsection X342.1 of the MORB, as amended
	7 Refer to the amortized cost of loans granted to microenterprises, as defined under subsection X342.1 of the MORB, as amended
	8 Refer to the amortized cost of loans granted to individuals for the acquisition of motorized land transportation vehicles, primarily for personal use
	9 Refer to the amortized cost of unsecured loans granted to individuals for a broad range of consumption purposes, mainly on the basis of regular salary, pension, or other fixed compensation, where repayment would come from such future cash flows, either through salary deductions, debits from the borrower's deposit account, mobile payments, pay-through collections, over-the-counter payments or other type of payment agreed upon by the borrower and the lender
	10 Refer to the amortized cost of loans granted to individuals for housing purposes, which may be for the acquisition, construction, or improvement of a residential unit
	11 Refer to the amortized cost of loans granted to credit card holders arising from purchases of goods and services, cash advances, annual membership/renewal fees, as well as interest, penalties, insurance fees, processing/service fees, and other charges
	12 Refer to the amortized cost of loans granted to individuals that cannot be classified under any of the foregoing classifications
	p Preliminary
	Source: Bangko Sentral ng Pilipinas