Article 2209

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

If the obligation consists of payment of money and the debtor is in default, the creditor is entitled to legal interest (currently 6% per annum as set by the Bangko Sentral ng Pilipinas) from the time of default.

Key point

Unpaid debts accrue interest of 6% per year from the moment you default — as set by BSP Circular 799.

Official text — RA 386

Full article text is being added. Read the official text at officialgazette.gov.ph.

← Article 2208 All articles Article 2210 →

Civil Code — All Articles →Family Code of the Philippines →Labor Code of the Philippines →All Philippine Laws →

RELATED RIGHTS

Civil Law

Article 1 — Civil Code

Civil Law

Article 2 — Unpublished laws cannot be enforced against citizens.

Legal disclaimer: BatasKo provides general legal information, not legal advice. For advice on contracts, property rights, obligations, or civil damages, consult a licensed Filipino lawyer or the Public Attorney's Office (PAO) at pao.gov.ph.

Related