Interest Rates on Deposits and Loans

APPROVED INTEREST RATES ON DEPOSITS AND LOANS
Effective June 11, 2014

I.  BSP IBCL RATES

Borrowing 3.500%
Loan term 5.500%

T-BILLS AUCTION RESULT

91 Days 1.0350%
182 Days 1.4810%
364 Days 1.7540%

II.  RECOMMENDED RATES

1.  PESO

A.  Regular Savings - CORPORATE 10,000 & ABOVE - 0.250%
Regular Savings - INDIVIDUAL 1,000 & ABOVE - 0.250%
C.  Regular Savings - GOVERNMENT 10,000 & ABOVE - 0.250%

C.  PREMIUM SAVINGS PLAN

100,000 to 499,999     500,000 to 999,999     1,000,000 & ABOVE

30-90 Days                      1.2500%                    1.5000%                     1.7500%
91-180 Days                    1.5000%                    1.7500%                     1.8750%
181-364 Days                  1.7500%                    1.8750%                      2.0000%

Special Rates can be requested for 500,000 and above

D. TIME DEPOSIT

  20,000 to 99,999  100,000 to 499,999  500,000 to 999,999  1,000,000 & above

30-90 Days        0.7500%               1.2500%                 1.5000%                1.7500%
91-180 Days      1.0000%                1.5000%                1.7500%                1.8750%
181-364 Days    1.2500%                1.7500%                 1.8750%                2.0000%

2.  US DOLLAR

A.  Regular Savings - CORPORATE 1,000 & ABOVE - 0.250%
Regular Savings - INDIVIDUAL 500 & ABOVE - 0.250%

B.  TIME DEPOSIT

  1,000 to 49,999  50,000 to 499,999  500,000 to 999,999  1,000,000 & above

30-90 Days        0.5000%            0.6250%                 0.6500%                0.7500%
91-180 Days      0.6250%            0.6500%                 0.7500%                0.8750%
181-364 Days     0.6500%            0.8750%                 0.8750%                1.000%

III.  LOANS

TYPE OF LOAN  INTEREST RATE
Salary Loan (PPC and External)

Effective Interest Rate

Minimum of 21% EIR per annum
up to 31% EIR per annum

Educational Loan (PPSB & PPC)
Educational Loan (External
12.835%
22.487%

COMMERCIAL LOAN

Short Term Loan (up to 1 year)

Long Term Loan (more than 1 year)

Simple/Diminishing Balance

Prime - 8.000%
Non-Prime - 10.000%

Prime - 10.000%
Non-Prime - 12.000%

Private Loan Against Deposit Hold-out 6.00% Spread Over
Effective Cost of Deposit
Housing Loan

Simple/Diminishing Balance
Effective January 2014
1 - 5 yrs. -- 9.000%
6 - 10 yrs. -- 10.000%
11 - 20 yrs. -- 11.000%

CAR LOAN

Term
Installments
Car Loan (Regular External)
Special Vehicle Financing

EIR (Per Annum)

  1yr.      2yrs.     3yrs.     4yrs.     5yrs.
12mos. 24mos. 36mos.  48mos. 60mos.
13.00% 13.25% 13.50% 13.75% 14.00%
12.00% 12.25% 12.50% 12.75% 13.00%

Arangkada Pasada Program Simple/Diminishing Balance
8.00%
   
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