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	GR No. 163433 2011-08-22	SPS. NELSON R. VILLANUEVA AND MYRA P. VILLANUEVA v. CA PERALTA, J.
In Spouses Zacarias Bacolor and Catherine Bacolor v. Banco Filipino Savings and Mortgage Bank, Dagupan City Branch,[21] this Court held that the interest rate of 24% per annum on a loan of P244,000.00, agreed upon by the parties, may not be considered as unconscionable and excessive. As such, the Court ruled that the borrowers cannot renege on their obligation to comply with what is incumbent upon them under the contract of loan as the said contract is the law between the parties and they are bound by its stipulations.[22]
	GR No. 184041 2010-10-13	ANICETO G. SALUDO v. SECURITY BANK CORPORATION PEREZ, J.
Finally, petitioner challenges the imposition of 20.189% interest rate as unconscionable. We rule otherwise. In Development Bank of the Philippines v. Family Foods Manufacturing Co. Ltd.,[26] this Court upheld the validity of the imposition of 18% and 22% stipulated rates of interest in the two (2) promissory notes. Likewise in Spouses Bacolor v. Banco Filipino Savings and Mortgage Bank,[27] the 24% interest rate agreed upon by parties was held as not violative of the Usury Law, as amended by Presidential Decree No. 116.