Interest Rate in Absence of Stipulation

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BSP CIRCULAR NO. 799: Interest Rate in Absence of Stipulation

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Title Supreme Court: Interest Rate in Absence of Stipulation

Law: Bsp Circular No. 799

Decision Date: Jul 1, 2013

BSP Circular No. 799-13 introduces a revised rate of interest of 6% per annum for loans or forbearance of money, goods, or credits in the absence of an express contract, effective July 1, 2013.

rate of interest

absence of stipulation

revised rate

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