MANILA — The Bangko Sentral ng Pilipinas (BSP) has issued a circular extending the maximum repayment period for salary-based consumption loans to seven years, from the previous three-year limit. Under Circular No. 1239, series of 2026, issued on June 18, the policy covers salary-based general-purpose consumption loans (SBGPCLs), which are unsecured loans used for short-term…