Some of the country's best-known lenders offer some of the most attractive loan rates, with prevailing prices averaging in the low-single digit.
Data from the Bangko Sentral ng Pilipinas (BSP) show no one tops the Yuchengco-family owned Rizal Commercial Banking Corp. which charges only 1.18 percent for the use of its money on the short-term.
Its nearest rival is Banco de Oro Universal Bank, owned by Henry Sy Sr., which charges short-term borrowers at only 1.85 percent. Also aggressive in this lending space is the Metropolitan Bank and Trust Co. whose short-term loans costs only 2.43 percent.
