The benchmark interest rate in Philippines was last recorded at 5.25 percent. This dataset provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines Credit Lines:Households:CS: Specific: Personal: Interest Rate Floors data was reported at -6.700 Index in Jun 2018. This records a decrease from the previous number of 0.000 Index for Mar 2018. Philippines Credit Lines:Households:CS: Specific: Personal: Interest Rate Floors data is updated quarterly, averaging 0.000 Index from Dec 2011 (Median) to Jun 2018, with 27 observations. The data reached an all-time high of 14.300 Index in Mar 2012 and a record low of -11.100 Index in Dec 2011. Philippines Credit Lines:Households:CS: Specific: Personal: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

Philippines Commercial Real Estate Loans: CS: Interest Rate Floors data was reported at 28.600 Index in Sep 2018. This records an increase from the previous number of 17.600 Index for Jun 2018. Philippines Commercial Real Estate Loans: CS: Interest Rate Floors data is updated quarterly, averaging 6.700 Index from Dec 2011 (Median) to Sep 2018, with 28 observations. The data reached an all-time high of 40.000 Index in Mar 2012 and a record low of -11.800 Index in Sep 2014. Philippines Commercial Real Estate Loans: CS: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.S007: Senior Bank Loan Officers' Survey.

Bank Lending Rate in Philippines increased to 7.80 percent in October from 7.66 percent in September of 2023. This dataset provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines Credit Lines: Households: CS: Specific: Auto: Interest Rate Floors data was reported at -9.100 Index in Jun 2018. This records a decrease from the previous number of -8.300 Index for Mar 2018. Philippines Credit Lines: Households: CS: Specific: Auto: Interest Rate Floors data is updated quarterly, averaging 0.000 Index from Mar 2009 (Median) to Jun 2018, with 32 observations. The data reached an all-time high of 8.300 Index in Mar 2016 and a record low of -14.300 Index in Dec 2016. Philippines Credit Lines: Households: CS: Specific: Auto: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

The Philippines: Interest rates on bank credit to the private sector: The latest value from 2019 is 7.1 percent, an increase from 6.12 percent in 2018. In comparison, the world average is 11.43 percent, based on data from 114 countries. Historically, the average for the Philippines from 1976 to 2019 is 12.95 percent. The minimum value, 5.53 percent, was reached in 2014 while the maximum of 28.61 percent was recorded in 1985.

Philippines Credit Lines: Enterprises: CS: Specific: SME: Interest Rate Floors data was reported at 33.300 Index in Jun 2018. This records an increase from the previous number of 15.000 Index for Mar 2018. Philippines Credit Lines: Enterprises: CS: Specific: SME: Interest Rate Floors data is updated quarterly, averaging 8.700 Index from Dec 2011 (Median) to Jun 2018, with 27 observations. The data reached an all-time high of 33.300 Index in Jun 2018 and a record low of -15.800 Index in Dec 2012. Philippines Credit Lines: Enterprises: CS: Specific: SME: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

Philippines Credit Lines:Households:CS:Specific:Credit Card:Interest Rate Floors data was reported at 0.000 Index in Jun 2018. This stayed constant from the previous number of 0.000 Index for Mar 2018. Philippines Credit Lines:Households:CS:Specific:Credit Card:Interest Rate Floors data is updated quarterly, averaging 0.000 Index from Dec 2011 (Median) to Jun 2018, with 27 observations. The data reached an all-time high of 14.300 Index in Jun 2016 and a record low of 0.000 Index in Jun 2018. Philippines Credit Lines:Households:CS:Specific:Credit Card:Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

Market Size for Philippines Auto Finance Industry on the Basis of Loan Disbursement in USD Billion, 2018-2023 In 2023,Toyota Financial Services introduced a digital auto loan application platform, enhancing convenience and accessibility for customers. This initiative reflects the growing trend towards digital transformation in the Philippines' financial sector. Metro Manila and Cebu remain key markets due to their high vehicle ownership rates and economic activity. ThePhilippines auto finance marketreached a valuation ofPHP 650 billionin2023, driven by increasing vehicle demand, rising disposable income, and the expansion of digital lending solutions. The market is characterized by major players such asBDO Unibank, Metrobank, Bank of the Philippine Islands (BPI), Security Bank, and Toyota Financial Services.These institutions have established extensive loan distribution networks, competitive interest rate offerings, and customer-centric financing solutions.

Philippines Credit Lines: Enterprises: CS: Specific: LM: Interest Rate Floors data was reported at 26.900 Index in Jun 2018. This records an increase from the previous number of 8.000 Index for Mar 2018. Philippines Credit Lines: Enterprises: CS: Specific: LM: Interest Rate Floors data is updated quarterly, averaging 3.700 Index from Dec 2011 (Median) to Jun 2018, with 27 observations. The data reached an all-time high of 28.600 Index in Mar 2012 and a record low of -12.000 Index in Mar 2015. Philippines Credit Lines: Enterprises: CS: Specific: LM: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

Philippines Credit Lines:Households: CS: Specific: Housing: Interest Rate Floors data was reported at -6.700 Index in Jun 2018. This stayed constant from the previous number of -6.700 Index for Mar 2018. Philippines Credit Lines:Households: CS: Specific: Housing: Interest Rate Floors data is updated quarterly, averaging -6.300 Index from Dec 2011 (Median) to Jun 2018, with 27 observations. The data reached an all-time high of 11.100 Index in Dec 2012 and a record low of -17.600 Index in Mar 2014. Philippines Credit Lines:Households: CS: Specific: Housing: Interest Rate Floors data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.KA021: Senior Bank Loan Officers' Survey.

Key information about Philippines Bank Lending Rate

• Philippines Bank Lending Rate was reported at 8.036 % pa in Dec 2024.
• This records an increase from the previous number of 7.473 % pa for Nov 2024.
• Philippines Bank Lending Rate data is updated monthly, averaging 11.580 % pa from Jan 1976 to Dec 2024, with 588 observations.
• The data reached an all-time high of 39.732 % pa in Dec 1984 and a record low of 5.098 % pa in Feb 2015.
• Philippines Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

CEIC extends history for monthly Bank Lending Rate. Bangko Sentral ng Pilipinas provides Bank Lending Rate. Bank Lending Rate is defined as lending rate for Universal and Commercial Banks. Bank Lending Rate prior to January 2020 is defined as lending rate for Commercial Banks only. Bank Lending Rate prior to October 1981 is sourced from the International Monetary Fund.

Philippines Interest Rate: BSP Rediscount Rates data was reported at 5.288 % pa in Nov 2018. This records an increase from the previous number of 5.125 % pa for Oct 2018. Philippines Interest Rate: BSP Rediscount Rates data is updated monthly, averaging 5.917 % pa from Jan 1991 (Median) to Nov 2018, with 326 observations. The data reached an all-time high of 18.286 % pa in Feb 1998 and a record low of 3.060 % pa in Dec 2016. Philippines Interest Rate: BSP Rediscount Rates data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.M004: Manila Reference, Rediscount and Lending Rate. Refers to the rate charged on eligible papers which banks rediscount with the BSP. It is computed monthly as one percent below the 91-day Treasury bill rate for the preceding month.

Philippines PH: Interest Rate Spread data was reported at 3.749 % pa in 2017. This records a decrease from the previous number of 4.046 % pa for 2016. Philippines PH: Interest Rate Spread data is updated yearly, averaging 4.501 % pa from Dec 1976 (Median) to 2017, with 40 observations. The data reached an all-time high of 9.698 % pa in 1985 and a record low of 2.524 % pa in 2012. Philippines PH: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Key information about Philippines Long Term Interest Rate

• Philippines Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years was reported at 6.12 % pa in Feb 2025, compared with 6.25 % pa in the previous month.
• Philippines Long Term Interest Rate data is updated monthly, available from Sep 1996 to Feb 2025.
• The data reached an all-time high of 21.07 % pa in Nov 1997 and a record low of 2.72 % pa in Jan 2021.
• Long Term Interest Rate is reported by reported by CEIC Data.

The Bureau of the Treasury provides 10 year Treasury Bond Rate. The null values for this series mean that there is no auction on that specific month.


Related information about Philippines Long Term Interest Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.38 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.

Key information about Philippines Policy Rate

• Philippines cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024, compared with 7.00 % pa in the previous Apr 2024.
• Philippines Policy Rate averaged 3.50 % pa and is updated monthly, available from Jun 2016 to May 2024.
• The data reached an all-time high of 7.00 % pa in May 2024 and a record low of 2.50 % pa in Apr 2022.

Overnight Lending Facility Rate is based on Interest Rate Corridor (IRC) System effective 3 June 2016. For Policy Rate prior to June 2016, please refer to the Repurchase Rate.


Related information about Philippines Policy Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.74 % pa in May 2024.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years) was reported at 6.83 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.
• Its Real Effective Exchange Rate was 144.19 in May 2024.

商业房地产贷款：CS：利率最低价券在09-01-2018达28.600指数，相较于06-01-2018的17.600指数有所增长。商业房地产贷款：CS：利率最低价券数据按季更新，12-01-2011至09-01-2018期间平均值为6.700指数，共28份观测结果。该数据的历史最高值出现于03-01-2012，达40.000指数，而历史最低值则出现于09-01-2014，为-11.800指数。CEIC提供的商业房地产贷款：CS：利率最低价券数据处于定期更新的状态，数据来源于Bangko Sentral ng Pilipinas，数据归类于全球数据库的菲律宾 – 表 PH.KA021：高级银行贷款人员调查。

信用额度：家庭：CS：特定的：个人：利率最低价券在06-01-2018达-6.700指数，相较于03-01-2018的0.000指数有所下降。信用额度：家庭：CS：特定的：个人：利率最低价券数据按季更新，12-01-2011至06-01-2018期间平均值为0.000指数，共27份观测结果。该数据的历史最高值出现于03-01-2012，达14.300指数，而历史最低值则出现于12-01-2011，为-11.100指数。CEIC提供的信用额度：家庭：CS：特定的：个人：利率最低价券数据处于定期更新的状态，数据来源于Bangko Sentral ng Pilipinas，数据归类于Global Database的菲律宾 – 表 PH.KA021：高级银行贷款人员调查。

信用额度：企业：CS：特定的：总体：利率最低价券在06-01-2018达14.800指数，相较于03-01-2018的3.700指数有所增长。信用额度：企业：CS：特定的：总体：利率最低价券数据按季更新，12-01-2011至06-01-2018期间平均值为0.000指数，共27份观测结果。该数据的历史最高值出现于03-01-2012，达23.500指数，而历史最低值则出现于03-01-2015，为-10.300指数。CEIC提供的信用额度：企业：CS：特定的：总体：利率最低价券数据处于定期更新的状态，数据来源于Bangko Sentral ng Pilipinas，数据归类于Global Database的菲律宾 – 表 PH.KA021：高级银行贷款人员调查。