Interest or profit rate of deposit and loan or lease or investment
Oct 6, 2024
DFIM Circular No. 05
New guidelines were introduced for market-based interest and profit rates for loans, leases, investments, and deposits offered by finance companies, replacing the previous SMART-based system. Interest rates will now be determined by the balance between credit demand and the supply of loanable funds, with a flexibility of up to 1% based on customer risk.