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	GR NO. 148491 2007-02-08	SPS. ZACARIAS BACOLOR AND CATHERINE BACOLOR v. BANCO FILIPINO SAVINGS SANDOVAL-GUTIERREZ, J.
This Court has consistently held that for sometime now, usury has been legally non-inexistent and that interest can now be charged as lender and borrower may agree upon. [7] As a matter of fact, Section 1 of Central Bank Circular No. 905 states that:SECTION 1. The rate of interest, including commissions, premiums, fees and other charges , on a loan or forbearance of any money, goods, or credits, regardless of maturity and whether secured or unsecured, that may be charged or collected by any person, whether natural or judicial, shall not be subject to any ceiling prescribed under or pursuant to the Usury Law, as amended. [8]