From December 16, 2021, to January 15, 2022, GCash shall not impose penalties that would otherwise have been incurred by covered accounts on GLoan. Penalties in place before the effectivity period of this program will not be canceled. The principal amount, interests, or any fees associated with the loan are not subject to this program or any waiver and shall be paid upon due date by the borrower.
Notwithstanding this program, any payment holiday or failure of GCash to collect shall not constitute a waiver of its rights. GCash retains the right to demand compliance with the terms of the original agreement, including payment and imposition of interests, penalties, and other charges.