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Rappler's latest stories on loan

ARTICLE FINDER

SEC shuts down Peso Tree, Pesolalo, Pinoy Cash Loan

Jan 22, 2020 - 5:20 PM

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

Oct 28, 2019 - 3:52 PM

(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

Oct 28, 2019 - 3:16 PM

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?

Jul 30, 2019 - 11:07 AM

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

Jun 20, 2019 - 7:55 PM

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

LOANS. The Philippines will no longer be eligible for special loan funding terms with Japan once it is upgraded to upper middle income status. File photo by Jire Carreon/Rappler

China debt trap? Opposition bets say PH at 'losing end' of 'onerous' loans

Apr 27, 2019 - 7:58 PM

'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

STUDY CHINA DEALS. Opposition senatorial bets oppose the China deals as is. Rappler file photos by Angie de Silva and Darren Langit

CHED allots P1 billion for short-term student loan program

Apr 17, 2019 - 4:31 PM

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

AGREEMENT. The Commission on Higher Education and Development Bank of the Philippines team up to implement a short-term student loan program. Photo by Sofia Tomacruz/Rappler

[OPINION] Part 2 | Road to damnation through Chinese-funded dams

Apr 13, 2019 - 9:00 AM

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

Apr 02, 2019 - 5:05 PM

(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

RELEASE DOCUMENTS. Reelectionist senator Grace Poe calls for a review of China loan agreement documents. File photo by Angie de Silva/Rappler

Fearing default on China loans? You have 'no faith' in PH – Dominguez

Apr 02, 2019 - 4:05 PM

'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

Apr 01, 2019 - 7:20 PM

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

President Rodrigo Roa Duterte greets Chinese Ambassador to the Philippines Zhao Jianhua on the sidelines of the International Department of the Communist Party of China Central Committee head Song Tao's courtesy call on the President at Matina Enclaves in Davao City on March 27, 2019. RICHARD MADELO/PRESIDENTIAL PHOTO

Made in China: Loan terms with waivers, shrouded in secrecy

Mar 27, 2019 - 7:35 PM

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

Mar 27, 2019 - 2:13 PM

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?'

Mar 27, 2019 - 12:00 PM

Former president Benigno Aquino III compares the Duterte government's deals with China to the botched Northrail project during the Arroyo administration

WARNING. Former president Benigno Aquino III weighed in on the Philippine-China deals in an ambush interview in Cebu City on March 26, 2019. Screenshot by Rappler

What are patrimonial assets? Lambino rejects China debt trap fears

Mar 26, 2019 - 1:15 PM

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

Mar 11, 2019 - 2:10 PM

The Duterte government's economic managers are 'evaluating all kinds of loans' from China, says Presidential Spokesperson Salvador Panelo

PARTNERS FOR PROGRESS, BROTHERS FOR PEACE. President Rodrigo Roa Duterte accompanies Malaysian Prime Minister Mahathir Mohamad as the latter signs the guest book upon his arrival at the Malacañan Palace for his two-day official visit to the Philippines on March 7, 2019. Malacañang Photo

LIVE: Senate hearing on China loans

Mar 05, 2019 - 9:07 AM

Watch the hearing live on Tuesday, March 5, at 9 am


Buying a home in 2019? High interest rates will bite

Jan 05, 2019 - 8:44 AM

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?

Nov 22, 2018 - 7:10 PM

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

Sep 24, 2018 - 4:50 PM

Borrowers only need to bring a photo of their house and their title to annotate their loans, says Presidential Spokesperson Harry Roque

FULLY DAMAGED. A house in Tuguegarao City, Cagayan, is wiped out after the onslaught of Typhoon Ompong (Mangkhut). Photo by Raymon Dullana/Rappler

Samoa rejects China Pacific debt forgiveness call

Aug 20, 2018 - 6:12 PM

Samoan Prime Minister Tuilaepa Sailele Malielegaoi says asking for aid loans to be forgiven painted an 'unfaithful picture' of the recipient nation

REJECTING. Samoa's Prime Minister Tuilaepa Aiono Sailele Malielegaoi addresses the closing press conference of the Commonwealth Heads of Government Meeting (CHOGM), at Marlborough House in London on April 20, 2018. File photo by Daniel Leal-Olivas/AFP

Sri Lanka secures $1 billion Chinese loan

Aug 03, 2018 - 10:44 PM

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

LOAN. The new governor of the Central Bank of Sri Lanka Indrajit Coomaraswamy addresses reporters at the Central Bank in Colombo on July 5, 2016. File photo by Ishara Kodikara

China denies 'debt trap' in grants for Philippines

Jul 17, 2018 - 8:10 PM

'I think your economic team is smart enough,' says Chinese Ambassador Zhao Jianhua

CLOSER TIES. Chinese Ambassador Zhao Jianhua whispers to President Rodrigo Duterte at the groundbreaking of the planned Binondo-Intramuros bridge on July 17, 2018. Photo by Ben Nabong/Rappler

Sri Lanka moves navy unit to Chinese-run port

Jun 30, 2018 - 10:07 PM

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

CHINA-FUNDED. Sri Lanka will move its southern naval command to a port leased to a state-run Chinese firm but China will not use it for military purposes, the prime minister's office said June 30. File photo by Lakruwan Wanniarachchi/AFP

Philippines 'extra careful' with China loans – NEDA

Jun 27, 2018 - 4:30 PM

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

Jun 05, 2018 - 12:45 PM

(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

President Rodrigo Roa Duterte and Republic of Korea President Moon Jae-in witness the signing of the memorandum of understanding (MOU) between Science and Technology Secretary Fortunate Dela Peña and Minister of Science and ICT You Young Min following the successful bilateral meeting at the Blue House in Seoul on June 4, 2018. The MOU is on the scientific and technological cooperation between the two countries. TOTO LOZANO/PRESIDENTIAL PHOTO

'Can you lend more?' Duterte asks ADB to fund more infra projects

May 05, 2018 - 9:14 PM

'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

BUILD BUILD BUILD. President Rodrigo Duterte asks Asian Development Bank for more loans. Malacañang Photo

Philippines to borrow more from foreign lenders

Apr 25, 2018 - 8:15 AM

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

Mar 28, 2018 - 5:25 PM

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

Mar 10, 2018 - 11:34 PM

'Our assistance and support to the Philippines are provided with no strings attached,' says Chinese Foreign Ministry spokesperson Geng Shuang

LOANS. China clarifies that it does not ask for natural resources as collateral in its loans to the Philippines. Rappler file photo

[OPINION] What scares me the most about China’s new, ‘friendly’ loans

Mar 02, 2018 - 10:00 AM

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

Jan 29, 2018 - 12:00 PM

Planning to acquire your first home or car? We’ve got you covered

$380-million ADB loan to finance 11 infra projects in Mindanao

Jan 12, 2018 - 2:12 PM

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

Dec 27, 2017 - 6:30 PM

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

Nov 18, 2017 - 10:30 AM

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

DEPED CHIEF. Education Secretary Leonor Briones smiles during a Rappler Talk interview on November 16. Screenshot by Rappler

Criticisms vs DepEd over teachers' loans are 'misplaced' – Briones

Nov 17, 2017 - 6:05 PM

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

DEBT DILEMMA. Education Secretary Leonor Briones explains the urgent need for teachers to pay off their debts from the GSIS and Pag-IBIG Fund. Screenshot by Rappler

Digital small loans lending platform pera247 launched in PH

Nov 01, 2017 - 7:41 PM

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

Nov 01, 2017 - 3:24 PM

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

Oct 30, 2017 - 4:05 PM

The DepEd says GSIS and Pag-IBIG Fund loan payments deducted from teachers' salaries this month would be returned to their bank accounts

RESTORED INCOME. A teacher holds a lesson in a public school in Marikina City on September 27. Photo by LeAnne Jazul/Rappler

DepEd assures teachers of P4,000 pay even with loan deductions

Oct 26, 2017 - 7:25 PM

Education Secretary Leonor Briones says they are examining emergency measures 'to assuage the situation' of teachers affected by the recent loan deductions

INCOME WOES. A teacher holds a lesson in an elementary school in Marikina City. Photo by LeAnne Jazul/Rappler

Teachers' group cries foul over loan deductions from take-home pay

Oct 24, 2017 - 12:45 PM

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?'

INCOME ISSUES. A public school teacher conducts a lesson in Marikina City on September 27. File photo by LeAnne Jazul/Rappler

ADB offers Philippines $3.8B in loans for infra, social projects

Aug 20, 2017 - 9:05 PM

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

Jul 25, 2017 - 7:55 PM

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

May 18, 2017 - 9:02 AM

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

May 15, 2017 - 8:38 AM

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

Apr 20, 2017 - 6:15 PM

This resolution comes 12 years after the appeal by the PCGG

SEC suspends 20 more lending firms

Apr 07, 2017 - 6:10 PM

The SEC previously suspended 84 lending companies for failing to obtain certificates of authority

A mom’s exchange: The woman behind Sarah Geronimo

Mar 29, 2017 - 3:51 PM

Or what a mother wouldn’t do for her children

Are you ready to own a car?

Mar 21, 2017 - 6:14 PM

Check out our autoloan calculator and take your first step in owning a car

SMC sets rate for P15B bond offering

Mar 20, 2017 - 8:00 PM

Proceeds will be used to settle the conglomerate s 300 million loan with the Bank of Tokyo Mitsubishi UFJ Limited maturing this November

LARGEST. In only 4 years, San Miguel Corporation's Global Power Holdings has become one of the largest independent power generation companies in the country, with an installed capacity of 2,545 megawatts. Rappler file photo