Lending Companies in Lapu-Lapu
| Company | Loan Amount (PHP) | Interest Rate | Loan Term |
|---|---|---|---|
| Digido | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days |
| MoneyCat | 500 – 20,000 | Up to 11.9% per month | Up to 180 days |
| Kviku | 500 – 25,000 | 1.2% per month | Up to 180 days |
| Cashspace | 1000 – 25,000 | 1.3% per month | 2 – 4 months |
Banco de Oro (BDO)
Banco de Oro, commonly known as BDO, is one of the largest banks in the Philippines, offering a wide range of financial services, including lending. It boasts a large network of branches and ATMs across the Philippines.
Legal information:
- Address: Unit 9, The Arcade, ML Quezon Highway, Brgy. Pajo, Lapu – lapu City, Cebu
- Contact: Phone: (032)340-8614, (032)340-8613
- Branch: BDO has many stores throughout the country, including a major functioning branch in the city of Lapu-Lapu.
- SEC registration: CA No: 147
Loans and services:
- Personal loans: BDO offers personal loans to individuals for various purposes, such as home renovation expenses, debt consolidation, etc.
- Home loans: You can access its financing options for purchasing a house or residential property and for home construction or improvement.
- Auto loans: It offers auto loans for acquiring new or used vehicles, with flexible payment options and terms.
- Business loans: It also assists entrepreneurs and businesses financially in various business activities.
- Credit card: BDO offers credit cards with various benefits and features for Filipinos.
The specific loan requirements vary depending on the type of loan, but common requirements you’ll find here include:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of income or employment, such as payslips, high or low income tax returns, or employment certificates.
- Proof of residence, such as utility bills or any document verifying the borrower’s address.
- Collateral (depending on the loan type and amount).
Security Bank
Security Bank is a prominent Philippine bank that provides various financial services, including lending solutions, to individuals and businesses. They focus on delivering innovative and personalized financial solutions.
Legal information:
- Address: Island Central Mactan IT Complex, Mactan Economic Zone, M.L. Quezon National Highway, Pusok, Lapu-lapu City, Cebu
- Contact: Phone: (032)234-7812, 0925-7114336
- Branch: It has multiple units nationwide, with various options within Cebu, namely the Lapu-Lapu center.
- SEC Registration number: 188
Its credit and financial assistance offers include:
- Personal loans: The lender gives personal loans that you can use for unique purposes.
- Home loans also provide financing options for purchasing residential properties, construction, or renovation.
- Auto loans: Residents can access its auto loans to get new or used vehicles.
- Business loans: It has emergency financial solutions for businesses, like working capital loans, equipment financing, etc
- Credit card: This financial institution has credit cards, each with different features and rewards.
There is little to provide for approval here, especially for personal credits. However, ensure you have these basic requirements:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of income or employment, such as payslips, income tax returns, or employment certificates.
- Proof of residence, such as utility bills or any document verifying the borrower’s address.
- Collateral.
Pag-IBIG Fund
Pag-IBIG Fund, also known as the Home Development Mutual Fund, is a government-owned corporation. It’s a great place to access quick cash as it provides various financial services to Filipino workers, including Lapu-Lapu residents.
Legal information:
- Address: 2nd Flr, JELP Business Solution Center, 409 Shaw Boulevard, Brgy. Addition Hills, Mandaluyong City, Philippines
- Contact: Phone: 8-724-4244 (8-Pag-IBIG), [email protected]
- Branches: Pag-IBIG Fund has branches nationwide, including units in Lapu-Lapu City.
- SEC Registration: Yes
Credit services:
- Housing loans: Pag-IBIG Fund offers affordable housing loans to help you acquire or improve your home.
- Calamity loans: Should there be a calamity or emergency, the fund also has a special loan program to assist affected individuals with urgent financial needs.
To qualify for approval here and access all its services, below are some of the basic requirements:
- Proof of employment/income.
- Pag-IBIG Fund membership and contributions.
- Valid identification documents, namely government-issued ID or passport.
Top OFW Lending Companies in Lapu-Lapu
Land Bank of the Philippines (LandBank)
Land Bank of the Philippines, also known as LandBank, is a government-owned bank that provides various financial services. It offers excellent customer experience with services to multiple sectors, particularly for OFWs borrowers.
Legal information:
- Address: 8X85+2R5, M.L. Quezon National Highway, Lapu-Lapu City, 6015 Cebu, Philippines
- Contact: Phone: +63 32 260 4402
- Branch: LandBank has branches nationwide, and there’s a closeby store in Lapu-Lapu for its residents.
- SEC Registration number: 3516
Loans and services provided:
- OFW Reintegration Program (OFW-RP) Loan: This unique loan program helps return OFWs to start or expand their businesses in the Philippines.
- Home Loan for OFWs: The bank also offers housing loan solutions, so you can buy residential properties in the Philippines.
- Auto Loan for OFWs: They offer auto loans designed for OFWs, allowing them to purchase new or used vehicles.
Credit approval requirements for OFWs Borrowers:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of OFW status (such as OEC or employment contract).
- Proof of income or remittance receipts.
- Bank statements or passbook.
BPI Direct BanKo
BPI Direct BanKo is a microfinance bank in the Philippines that provides financial services, including loans to microentrepreneurs and OFWs. They focus on serving the needs of small-scale businesses and individuals in the microfinance sector.
Legal information:
- Address: Ompad St. Poblacion, Lapu-Lapu City, Cebu
- Contact: Phone: (032) 517 7635 / 0931 785 0384
- Branch: Its branches cover the whole nation, and you can visit its walk-in branch in Lapu-Lapu.
- SEC Registration number: CS20131204
Check out some of the available Credit services with this lender below:
- BanKo Kabayan Loan: This loan program is an OFW variant providing finance for those who wish to venture into micro businesses in the Philippines.
- Microenterprise Loan: It also offers loans to microentrepreneurs with various payment options, including OFWs, to support their small-scale businesses.
To qualify, the basic criteria for OFWs are as follows:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of OFW status (such as OEC or employment contract).
- Proof of income or remittance receipts.
- Bank statements or passbook.
Global Dominion Financing Incorporated
Global Dominion Financing Incorporated is a reputable lending company that focuses on meeting the financial needs of OFWs. They offer various loan products and are interested in ensuring customer convenience.
Legal information:
- Address: Room 202 2F A. Geson Bldg. III G.Y Dela Cerna St. Poblacion Lapu-Lapu City Cebu
- Contact: Phone: 09178417266
- Branch: GDFI has established multiple branches nationwide, this includes its walk-in unit in Lapu-Lapu City.
- SEC Registration number: CS200305834
Loans and services:
- Personal loans: These loans cater to the various personal needs of OFWs.
- Auto loans: GDFI provides auto loans specifically for the purchase of vehicles.
- Home loans: There are also housing loans for OFWs who wish to settle down and acquire a house or condo in the city.
- OFW business loans: OFWs can get financial assistance when they want to start or expand their businesses with this service.
Loan requirements for OFWs:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of OFW status (such as OEC or employment contract).
- Proof of income or remittance receipts.
- Bank statements or passbooks, collaterals, etc.
Lending Companies in Lapu-Lapu With Low Interest
PNB (Philippine National Bank)
PNB is one of the largest banks in the Philippines, with a wide range of loan products and services. The company offers excellent experience with its low-interest loans that meet the needs of many Filipino borrowers.
Legal information:
- Address: PNB Financial Center, Pres. Diosdado Macapagal Boulevard, Pasay City, Philippines
- Contact: Phone: (+632) 573-8888
- Email: [email protected]
- Branch: PNB is a big company with stores across cities, including Lapu-Lapu.
- SEC Registration number: CN200412086
Loans and services provided:
- Personal Loan: PNB offers low-interest personal loans that you can use for your unique purpose.
- Home Loan: It has various housing loans with competitive interest rates.
- Auto Loan: PNB gives low-interest auto loans so you can buy brand-new or second-hand vehicles.
Loan requirements:
- Valid IDs.
- Proof of income or employment.
- Proof of residence.
- Collateral or co-maker.
UnionBank of the Philippines
UnionBank is a leading universal bank in the Philippines with a high reputation for innovative and customer-centric services. They offer excellent and low-interest loans with fair terms and competitive rates.
Legal information:
- Address: 2484 M M.L. Quezon National Highway, Lapu-Lapu City, 6015 Cebu, Philippines
- Contact: Phone: +63 32 353 4305
- Branch: It has units across the country. It also has a walk-in store in the city of Lapu-Lapu.
- SEC Registration number: A199708111
Services provided:
- Personal: This is their loan offer that serves various needs, such as travel expenses, medical bills, etc.; for borrowers.
- Home Loan: They also have friendly interest rates on credit that allow borrowers to purchase or build their dream homes.
- Auto Loan: Lastly, the bank provides low-interest auto loans for acquiring new and old vehicles, depending on your preference.
Loan requirements:
- Valid identification documents (e.g., government-issued ID, passport).
- Proof of income or employment.
- Proof of residence.
- Collateral or co-maker (varies depending on type and amount).
RCBC (Rizal Commercial Banking Corporation)
RCBC is one of the leading universal banks in the Philippines, offering a comprehensive range of financial products and services. They provide loans with low interest rates designed to meet the specific needs of Filipino borrowers.
Legal information:
- Address: 8XGJ+M26, 2nd Street Cor. First Ave. Mepz 1, MEPZ 1, Lapu-Lapu City, 6015 Cebu, Philippines
- Email: [email protected]
- Contact: Phone: +63 32 340 1853
- Branch: RCBC has hundreds of physical stores nationwide, one available in the city of Lapu-Lapu for easy application.
- SEC Registration number: AS96-0034
Services:
- Personal Loan: You can request low-interest personal loans here for various purposes.
- Home Loan: They also provide affordable options for borrowers to purchase or build residential properties with fair terms.
- Auto Loan: The company allows you to access this service for buying your vehicles on credit.
Loan requirements:
- Valid identification documents.
- Proof of income or employment.
- Proof of residence.
- Collateral or co-maker
FAQ on Lending Companies in Lapu-Lapu
Is private lending legal in Lapu-Lapu?
Yes, it’s a legitimate process to borrow money from private lenders. However, always try to verify the certification and registration of your lender with the necessary authorities like SEC and Bangko Sentral ng Pilipinas (BSP).
How can I get a loan from a lender in Lapu-Lapu?
To get a decent offer here, you first need to select your preferred lender. Once you have one, go ahead and fill out the form and ensure you meet the basic criteria. Provide all necessary documents and submit your form to get approved.
Can you get a loan for 3 months in Lapu-Lapu?
Yes, some lenders provide credit as short as 3 months. However, most offers range between 6 to 36 months. We recommend confirming the term before completing your application.
What is the largest financing company in Lapu-Lapu?
Lapu-Lapu residents have access to many financial institutions thanks to the city’s population. Some of the most established companies established here include BPO, BPI, OCS, Migo, JGC, and many others.
