Dear eFOI user,
Thank you for your request dated September, 2024, made under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
You have requested the Effective Interest Rates (EIR) of car, housing and personal loans offered by banks
I am pleased to inform you that your FOI request has been approved.
Apologies for the delayed response.
In reference to your data request, our data on this are limited to the following:
latest available Effective Interest Rates (EIR) of car, housing and personal loans offered by banks (preferably top 10 universal banks), unfortunately, we do not have specific data on this, you may want to refer with the Bangko Sentral ng Pilipinas: https://www.bsp.gov.ph/
EFFECTIVE INTEREST CALCULATION MODELS: https://morb.bsp.gov.ph/appendix-97-2/?pdf=4104
and Securities and Exchange Commission: https://www.sec.gov.ph/
https://www.sec.gov.ph/wp-content/uploads/2022/06/2022FAQs_Sample-Computations-on-SEC-MC-3__14June2022.pdf
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Thank you.
Respectfully,
Rene C. Mendoza
(Assistant National Statistician)
Officer-in-Charge
Information Technology and Dissemination Service
