The Bangko Sentral ng Pilipinas (BSP) on Monday clarified that there will be no grace period for the payment of loans during the one-week imposition of enhanced community quarantine (ECQ).

“The implementation of a 30-day grace period for the payment of loans provided under Section 8.2 General Provisions of the Omnibus Guidelines on the Implementation of Community Quarantine in the Philippines refers to the mandatory grace period under

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