Quote Originally Posted by Egan101 View Post
As per the memo from BPI, they just moved the end of the loan for how long the months of payment suspended. I really didn’t mind if they continued the monthly debit on my account.


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Yun ang problem sir, marami complaints kase they were not informed may additional interest sa loan mo. Ang ginawa default ay automatically apply nila ang extension sa loan maturity mo unless you contact the bank and beg off from that "privilege". I know someone who had an accrued interest sa loan nya amounting to 20k, thus he asked for a reversal from the bank and sticked with his orig loan amortization schedule. I guess ang bawal lang sa bayanihan act are penalty and other service charges.

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