(EDITOR'S NOTE: This list is updated as of 6 p.m., March 19, 2020)
MANILA - Major banks in the Philippines have announced a 30-day extension for credit card, mortgage, and loans for eligible customers to help Filipinos during the Luzon-wide COVID-19 lockdown.
• The Philippines' largest lender will give a 60-day payment extension for qualified credit card, auto loan, home loan, personal loan and SME loan with due dates of up to April 15. They will be notified by email.
BANK OF THE PHILIPPINE ISLANDS
• A 90-day grace period, without interest, will be given to medical workers, policemen, soldiers and others on the frontline of quarantine efforts vs COVID-19
• A 30-day grace period will be given to qualified customers for credit card and other types of loans "to help ease the burden during these trying times," the bank said
• Eligible customers will be notified
• Payments for credit card, home, personal, auto, business mortgage or business express loans are extended by 30 days for qualified customers
• Eligible customers are those with current payment status and with a payment due date of March 16 to April 14
• Qualified customers will be given a 30-day payment extension from the original due date with no late fees
• Fees for Instapay transactions are also waived until April 14
• Payments for credit card, auto, home, personal and mortgage loans will be extended for 30-day for eligible customers
• Qualified clients will be notified
• "Qualified" home loan, car loan and credit card holders will get a 30-day grace period and will be notified by email.
• Customers of "good standing" get a grace period for credit card, home loan, auto loan and motorcycle loan payments due from March 16 to April 15.
• Due date for personal loan repayment set on April 1 is moved to May 1 with no additional or late fees
• Qualified auto, home and personal loan clients get a 30-day grace period on payments
• Cardholders of good standing and with due dates from March 16 to April 15 can skip their due dates and make a payment 30 days after.
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