I learned just today that the SSS or Social Security System of the Philippines has lowered the interest rates of loans by its members either commercial loans or personal loans.
The latest interest rates are 7.5 percent for personal loans and 10.5 percent for commercial loans.
This is a good news to me especially that I have applied a personal loan. My loan is not that big but a high interest rate could make my loan big.
I sent my application for loan last week, and I am still waiting for the check.
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