Pursuant to Section 4(uu) of Republic Act 11494, otherwise known as the "Bayanihan To Recover As One Act" which was signed by President Rodrigo Duterte on September 11, 2020, the board has approved the granting of a one-time 60-day grace period for payment of loans falling due on or before December 31, 2020.
Please note that, consistent with BSP and CDA guidelines, loan interest will continue to accrue during the 60-day grace period. Thus, this is optional and does not preclude those wanting to pay their obligations on time.
For more information and how to avail of the one-time 60-day grace period, please click HERE and read the Bayanihan 2 Policy.
To allow us to promptly process your request, please let us know on or before November 30, 2020 if you will be availing of the 60-day grace period.
