Mayroon bang batas laban sa sobrang taas na interest rate?

anonymous
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Hindi po ba mataas yung 5% monthly na interest rate para sa isasanlang lupa?  So lalabas siyang 60% per annum kung 1 year tapos 5%/month? Meron po bang law na kelangan sundin para sa pagpataw ng interest? salamat po sa sasagot! 

 

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Jescelyn Del Rosario
is a Legal expert in the Philippines
Mataas talaga yan however, if you have signed the contract you are bound by it already. You can ask the other party na kung pwede lower it or kung talagang hindi magfile nalang po kayo sa korte ng petition to lower the interest and you have to hire a lawyer for this.

About the author

Jescelyn Del Rosario

Legal Services and Litigation works Philippine/Foreign Paralegal Works Graduated AB Political Science and Bachelor of Laws at University of San Jose Recoletos-Cebu Completed Lawyers Trial Academy Training sponsored by IBP Cebu Chapter AIT-DOST Scholar at Cebu Institute of Technology
Profession: Lawyer
MJ Del Rosario Law Office and Associates
Office Address: Block 19, lot 26-27, Deca Homes, Talisay
Philippines , Talisay , Cebu
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