Bayanihan 1 FAQs
- How does Section 4 (aa) of the Republic Act No. 11469, otherwise known as the Bayanihan toHeal as One Act (the “Bayanihan Act”), affect my loans with First Circle?
- Which loans are qualified for the Payment Extension?
- How does the Payment Extension work at First Circle?
- How do I avail myself of the Payment Extension?
- Are you allowed to charge interest during the Payment Extension?
- Is the Payment Extension interest-free?
- How much interest will I be charged now?
- Why is First Circle charging some customers some interest during the Payment Extension?
- Will my loan(s) earn late fees and other charges during the Payment Extension?
- The ECQ Period was extended twice. What happens if it is extended again?
- I want to pay my loan(s) now to avoid incurring interest. What should I do?
- What happens if my Payment Extension expires?