Shark loan

Good morning. I just want to know kung may Law ba sa Philippines to limit the interest rate ng mga lending company including the online lending company. Are they allowed up to 40% interest. Nag try po ksi akong mag loan sa online. 3,000 pesos po ang loan ko and nawalan po ako ng trabaho so hindi po ako naka bayad. After 2 months po tinawagan nila ako to settle my account. Pero 6,200.00 na daw po ang dapat kong bayaran or else they will file a case and they will schedule an ocular visit at kukunin nila ang mga gamit na pwede nilang kunin. I'm processing po kasi ngayon ng mga requirements ko and that includes NBI and Police clearance.

a lending company can charge whatever interest they want as long as the borrower agrees to it. nung nangutang ka, may terms and conditions yan. check mo yun at dun mo malalaman kung bakit lumobo yung utang mo.

Kung magkano ang interest rate na napag-agreehan ng parties, yung ang masusunod. Pwede ka humiling sa korte na babaan ang interest, pero dapat umabot pa sa korte para mo yun mahiling, at hindi ka din nakakasiguradong pagbibigyan ka. Pero kung hindi nasusulat ang agreement regarding payment of interest, hindi ito pwedeng i-enforce against you. https://www.alburovillanueva.com/proven-ways-debt-collection