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	GR No. 164195 2009-12-04	APO FRUITS CORPORATION v. CA BERSAMIN, J.
In Diño v. Jardines,[66] the Court found that 9% and 10% monthly interest rates (or 108% and 120% annual interest rates) on the principal loan of P165,000.00 are void for being clearly excessive, iniquitous, unconscionable and exorbitant. The Court brushed aside the fact that Jardines agreed to the said rates, although she knew the same to be exorbitant, and considered that she was constrained to do so, as she was badly in need of money at that time. The Court reduced the exorbitant rates to the 12% legal interest rate.
	GR No. 175381 2008-02-26	JAMES SVENDSEN v. PEOPLE CARPIO MORALES, J.
The interest rate of 10% per month agreed upon by the parties in this case being clearly excessive, iniquitous and unconscionable cannot thus be sustained. In Macalalag v. People,[23] Diño v. Jardines,[24] and in Cuaton v. Salud,[25] this Court, finding the 10% per month interest rate to be unconscionable, reduced it to 12% per annum. And in other cases[26] where the interest rates stipulated were even less than that involved herein, the Court equitably reduced them.