Although housing loan standards in the Philippines remained consistent this past year, however they will be changing for those interested in a commercial loan.
For the fifth quarter, commercial real estate loans in the Philippines have seen a net tightening. The Bangko Sentral ng Pilipinas said, “The tighter overall credit standards for commercial real estate loans reflected respondent bank’s wider loan margins, reduced credit line sizes, and increased use of interest rate floors.”
Certain banks also saw an increased demand for loans in the first quarter, and the demand is expected to continue increasing.
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