Interest rates have fallen to their lowest level since I was born. Seeing the ad of PS Bank, the highest interest rates for a time deposit now is 3.75% for a Php 5 million placement!

While falling interest rates are bad for us ordinary citizens, its a blessing if you plan on getting a bank loan. Interest rates for car loan is just about 6% while real estate loan goes for as low as 9%. And with banks agreeing to fix interest rates for up to 20 years, there’s no better way than to borrow now!