(NAR) VOL. 14 NOS. 3-4 / OCTOBER - DECEMBER 2003
x x x
4. Interest Rate
Flat interest rate at 4.75% for production loans of six (6) months and below and 9.5% per annum for loans with a term above 6 months.
x x x
5. Service Fee
x x x
For production loans involving PO/JO/CIS, SF shall be added to the principal and collected upon billing or maturity date of the loan.
For your guidance.
Adopted: 21 Aug. 2003
(SGD.) NELSON C. BUENAFLOR
President and CEO