Right to Prepay.
Article 137
ART. 137. Right to Prepay. - The person to whom credit is extended may prepay in full or in part, at any time without penalty, the unpaid balance of any consumer credit transaction.
RA 7394 (Consumer Act of the Philippines) Article 137
Other provisions in CHAPTER VI
- Article 132: Determination of Finance Charges.
- Article 133: Determination of Simple Annual Rate.
- Article 134: Delinquency Charges.
- Article 135: Deferral Charges.
- Article 136: Finance Charge on Refinancing.
- Article 138: Rebate on Prepayment.
- Article 139: General Requirement on Credit Cost Disclosure.
- Article 140: Credit Sale, Required Disclosures.
- Article 141: Required Disclosure on Open-end Credit Plan.
- Article 142: Required Disclosures on Consumer Loans not Under Open-End Credit Plan.
CitationRA 7394 (Consumer Act of the Philippines) Article 137 (LawPlayer, data as of 2026-07-04)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
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