• HOME
  • ABOUT
  • BLOG
  • PREMIUM BUSINESS LOANS
  • Ask ANDALI
  • PAYMENT
  • CONTACT US
APPLY NOW

Republic Act No. 11494

Bayanihan to Recover as One Act

What is Republic Act No. 11494?
Am I qualified to avail the 60-day grace period?
How do I avail the grace period?
How do I repay my loans during or after the 60-days grace period?
What if I want to use post-dated checks in paying for my loan after the Grace Period?
Will I still be charged of the interest during the grace period?
How much interest will be charged on my loan during the grace period?
Am I qualified to avail the grace period if my loan got approved after September 15, 2020?
Am I qualified to get the 60-day grace period if I have an outstanding and unpaid loans?
Can I request for a few days of payment extension instead of availing the 60-day grace period?
What happens after the 60-day grace period?
How will I be charged an interest for my multiple loans during their own grace period?
Can I repay my loans fully or partially?
What is Republic Act No. 11494?

Otherwise known as Bayanihan to Recover as One Act or Bayanihan 2, directs financing companies, banks, and other financing institutions to grant a mandatory, one-time, non-extendible 60-day grace period for each loan.

Am I qualified to avail the 60-day grace period?

You are deemed qualified if you meet all three (3) requirements:

  • Your loan was approved on or before September 15,2020
  • Your original payment due date falls between September 15, 2020 and December 31, 2020
  • You have not skipped any payment as of September 15, 2020
How do I avail the grace period?

We shall inform you ahead of time of the grace period but clients are automatically entitled to it. If you wish to use the grace period, you don’t have to contact us. However, you must contact us immediately should you wish to continue with your regular payments schedule.

How do I repay my loans during or after the 60-days grace period?

You may contact us for your detailed payment schedule and options to repay your loan.

What if I want to use post-dated checks in paying for my loan after the Grace Period?

Kindly wait for us to contact you and we shall advise you on the corresponding payments dates after the grace period as well as the interest accrued during the grace period for each loan.

Will I still be charged of the interest during the grace period?

Yes. According to the Bayanihan 2, a loan that uses grace period will continue to earn interest during the 60-day grace period. However, all banks and non-banks are prohibited to charge interest on interest, late fees, and other charges.

How much interest will be charged on my loan during the grace period?

You will be charged the interest that is stated in your signed loan contract. To review your loan account details, please refer to your copy of the loan contract or reach out to us through email at customerservice@asiagroupfinance.com.ph or call us at +63 2 8898 3889 and +63 917 535 8956.

Am I qualified to avail the grace period if my loan got approved after September 15, 2020?

Unfortunately, only loans that have been granted before the said date are eligible for the grace period according to the Bayanihan 2.

Am I qualified to get the 60-day grace period if I have an outstanding and unpaid loans?

Unfortunately, the Bayanihan 2 indicates that you must have no skipped payments prior September 15, 2020. Should you wish to discuss with us about your payment options for your past due loans, please contact us at customerservice@asiagroupfinance.com.ph or call us at +63 2 8898 3889 and +63 917 535 8956.

Can I request for a few days of payment extension instead of availing the 60-day grace period?

Of course. You may talk to our Loans Processors through email at customerservice@asiagroupfinance.com.ph or call these numbers: +63 2 8898 3889 and +63 917 535 8956.

What happens after the 60-day grace period?

Loan payment becomes demandable and you must pay your loan on its new due dates. If you applied for a post-dated checks payment method, we will proceed with the payment following the new loan repayment schedule after the grace period. Any unpaid amount will begin to earn additional interests
and late fees after the grace period.

How will I be charged an interest for my multiple loans during their own grace period?

You will be charged the interest according to your signed loan contract. Please talk to us for more details on your multiple loans and their applied interest rates at customerservice@asiagroupfinance.com.ph or call these numbers: +63 2 8898 3889 and +63 917 535 8956.

Can I repay my loans fully or partially?

Absolutely! Please contact us to discuss with you in full details how you can repay some or all of your loans, fully or partially before your scheduled due date.

Bayanihan to Recover as One Act
Click Here Download PDF Version •
REACH US:

We’d love to hear from you and talk about how we can build a partnership in growing your business. Call or visit us to learn from our business loan experts!

Facebook
Twitter
YouTube
Instagram
Pinterest
Tumblr
ADDRESS:

Unit 601 Common Goal Tower, Finance Industry St., Madrigal Business Park, Ayala Alabang, Muntinlupa City, Philippines.

Email Address:

customerservice@asiagroupfinance.com.ph

Phone number :

Landline: +63 7256 0637
Globe: +63917.535.8956
Smart: +63939.525.8223

Receive and Update News Letter

Sign up for business financing tips, special events, and more – delivered right into your inbox for FREE

  • HOME
  • ABOUT
  • BLOG
  • RESIDENTIAL LOT
  • INDUSTRIAL LOT
  • COMMERCIAL LOT
  • FAQ
  • PRIVACY POLICY
  • COVID-19 Response
  • CONTACT US

© 2019 Copyright andali.ph | SEC Reg. No.: CS201735267 | COA No.: 1154

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.