Philippines Offers Loan Relief Amid Energy Crisis

Apr 16, 2026

52 min

Apr 16, 2026 06:30

Good news for borrowers: Philippines announces loan relief, fee cuts

## Loan Relief Measures

The Bangko Sentral ng Pilipinas (BSP) has introduced a series of relief measures to support borrowers and businesses affected by rising energy prices. These measures include a six-month grace period for loan payments and a one-year deferment for agricultural loans, subject to bank assessment. Additionally, loans may be temporarily excluded from past due and non-performing classifications for up to a year.

## Fee Waivers

To further assist consumers, the BSP has urged banks and e-money providers to waive fees on digital transactions. This includes charges on services like online banking and fund transfers, aiming to reduce costs for consumers and businesses during this period of elevated fuel prices.

## Focus on Stability

The BSP emphasizes that these measures are intended to maintain financial stability and consumer protection. Financial institutions are expected to apply these relief measures prudently and only to those significantly impacted by the energy crisis. The central bank remains vigilant in monitoring global energy market developments and is prepared to take further action if necessary.

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