Regulatory Alerts2025-12-10
Added · Updated
SEC Memorandum Circular No. 14, Series of 2025: Recalibrated Ceilings on Interest Rates and Fees for Financing and Lending Companies
The Securities and Exchange Commission of the Philippines issued Memorandum Circular No. 14, Series of 2025, to establish new regulatory ceilings on interest rates and fees for unsecured general-purpose loans not exceeding PhP10,000 with tenors up to four months. The circular mandates a nominal interest rate cap of 6 percent per month, an effective interest rate ceiling of 12 percent per month inclusive of other fees, and a total cost cap of 100 percent of the borrowed amount. Non-compliance triggers escalating administrative sanctions ranging from fines to the revocation of certificates of authority, with the rules taking effect on April 1, 2026.
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