Mandatory Grace Period and Interest Freezing: Now Lifted
The Securities and Exchange Commission releases a memo stating that starting June 1, the provision of the mandatory grace period for Enhanced Community Quarantine and Modified Enhanced Community Quarantine will no longer take effect. The mandatory grace period under Bayanihan Act shall only apply if the areas is still under ECQ and MECQ.
During the enhance community quarantine SEC releases a memo to all financing companies to freeze the accumulation interest and penalties to give assistance and financial consideration to all its customers affected by the pandemic.
Robocash is in compliant with the memorandum and have extended further assistance to all the customers who are still capable in paying their loans during the ECQ period. As continuously battle for survival, Robocash will come up with more efforts to assist our customers in settling their accounts. Take care!Apply now