Lending Companies in Davao
If you’re in Davao, Philippines, and need to know the best lending companies to manage expenses or fund a business, you’re in luck. Whether in your local city or online, consider the following lenders for reliable financial assistance from reputable sources.
| 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 |
KPeso
KPeso is a mobile app-based platform that provides instant personal loans. They’re headquartered in Metro Manila, but Davao residents can apply online. Borrowers use these for many different things, such as unexpected costs, medical bills, tuition fees, home repairs, and business growth.
Filipinos who can’t qualify for conventional loans will have a great experience with this lender. Thanks to advanced technology and data analytics, KPeso can assess your creditworthiness quickly and efficiently. And there are multiple payment options, so if you’re into your eWallets, you’ll love KPeso.
- Loan type: Personal
- Amount: Maximum PHP 20,000
- SEC: CS201913681
- Length of loan: 15 – 61 days
- APR: Competitive
- Requirements: 18 – 49, 1 government-issued ID, stable income, valid phone number
- Address and contact details: 26th Street, 1630 Taguig City, Metro Manila – Philippines, [email protected]
Tala
With Tala, you don’t have to do anything except download their app, link your bank account, and apply. They don’t have any branches as everything is done online. It’s a mobile-based lender, so you won’t need to go in-store, either. They don’t look at your credit score or how much you earn a month. Instead, they use your smartphone data to assess credit risk.
This means no collateral or in-depth paperwork. A digital bank or e-wallet can be used instead of a bank account to apply. And it takes just minutes for funds to be disbursed after approval.
- Address and contact info: [email protected], 5th Floor, TIM Building, 5600 Osmena Hwy. cor. Arellano St. Palanan Makati, Metrol Manila
- Loan details: Type – Personal, amount – PHP 1,000 – PHP 25,000, 15 – 61 day terms, 15% – 15.7% APR
- Requirements: Must be at least 18 years old, have an active mobile phone number and a government-issued ID
- SEC: CS201710582
Esquire Financing
Not everyone near Davao needs a loan because they’ve got bills to pay. Small business owners often require financial assistance too. With this in mind, consider Esquire Financing. This company lends to SMEs with a simple application and minimal loan requirements.
They have 5 branches in the Philippines, so pop in if you prefer to speak with an employee face-to-face. As you would expect, their approval does take a little longer (maximum 7 days) because Esquire will need to look at your business details. But if approved, you’ll be joining millions of happy customers.
- Requirements: Photographic evidence of business interior and exterior, Business Clearance from Barangay, bank statement, TIN ID, Mayor’s Permit, and one government-issued ID
- SEC: CS201102284
- Loan details: Type – SME, amount – PHP 100,000 to PHP 10 million, length – 6–12 month, 3.5% APR
- Address and contact info: +63 82 221 0082, Ground Floor K.H. Building, Ponciano Street, corner Bonifacio St, Davao City, 8000 Davao del Sur, Philippines
Top OFW Lending Companies in Davao
A top OFW lending company in Davao is essential for overseas Filipino workers (OFWs) and their families. Companies like these offer loans for education, starting a business, or addressing emergencies without falling into debt.
BDO Unibank
With its corporate social responsibility programs that promote education, healthcare, and the environment, BDO Unibank has helped many people in the Philippines. They’re very reliable, too. Although they have almost 1,400 branches and more than 4,000 ATMs, much of their business is done online.
You can use their online platform to send money, amend payment options, and pay bills. BDO can help you pay for OFW expenses like buying a car, fixing your phone, or paying for travel.
- SEC: Unknown, but is regulated by Bangko Sentral ng Pilipinas
- Requirements: Minimum income of PHP 15,000 (PHP 35,000 for self-employed), Filipino citizen between the ages of 21 and 70, stable employment for two years
- Loan details: Type – business, personal, OFW, amount – PHP 10,000 – PHP 2 million, length – 12 – 60 month terms, APR starting at 0.98%
- Address and contact info: +63 82 226 3706, BDO Building, No. 30 C. M. Recto, Poblacion District, Davao City, 8000 Davao del Sur, Philippines
123 Finance Group PH
Among its competitors, this lender is committed to financial services and education. Whether online or in-store at any of its 5 branches, 123 Finance has educational resources that cover debt management, savings, and budgeting. All perfect tips for OSF workers.
The OFW loan is available online or in the branch. And what’s great about this lender is that if you have a cosigner, they’ll let you borrow more money.
- Requirements: Basic employment/personal information plus supporting documents X2
- Loan information: OFW/salary loans, amount – up to 3 X basic salary, length – 3 – 18 month terms
- Address and contact info: +63 82 225 6414, Philippine Red Cross Bldg, Roxas Ave, Poblacion District, Davao City, Davao del Sur, Philippines
- SEC: 600570/680125
eCompareMo
Imagine a one-stop shop for all your financial needs, including credit cards, loans, insurance, and investments. With this digital marketplace, you can easily compare different loan products banks and institutions offer. This helps you decide based on what you’re looking for rather than what you’re offered.
They also have three branches throughout PH. If you wanted, you could pop in and ask for advice about your finances. The entire loan experience is done online. You just enter your loan amount, terms, and interest rates, and the platform will generate a list of suitable options for you to choose from.
- Contact information: +63 2 8779 6912, 1781 Nicanor Garcia, Makati, 1210 Metro Manila, Philippines
- Loan information: OFW, SME, home, car, business, unsecured loans, amount – PHP 20,000 – PHP 3 million, 12 – 60 months
- SEC: CS200305834
- Requirements: postal address, at least 21, stable income, government valid ID,
Lending Companies in Davao With Low Interest
Lower interest rates make loans more manageable and help you maintain a positive credit history. People here can minimize their debt burden and secure their financial future by working with these lending companies that offer competitive interest rates.
CashMart
This lender operates online only, making the entire process very convenient. They’ve been in business since 1969, so know what they’re doing. Since they began in Singapore, their success has allowed them to expand to the Philippines.
To apply, you need to complete their application via the website and submit the necessary documents. Then wait for a phone call from them to discuss your situation. If you’re approved, you can expect the funds to be sent within 24 hours.
- Requirements: 1 government valid ID, working contact/visa, 1 payslip, OFW’s Overseas Employment Certificate, 20 – 51
- Amount: PHP 3,000 – PHP 50,000
- SEC: CS201610084
- APR: 0.0571 % to 0.8% per day
- Location/contact info: +63 28290000, 53 Bayani Rd, Taguig, 1630 Metro Manila, Philippines
- Loan type: Salary, OFW, auto, business loans
- Loan length: Monthly, bi-weekly, and weekly payments.
Metrobank
Established in 1962, Metrobank is one of the largest and most prominent financial institutions in the Philippines. With over 800 branches, many Filipinos use this company for deposits, investments, insurance, and credit cards. However, their loan products are what truly set them apart from other banks in the country.
They provide financial assistance for anyone with a good credit score, even those with a low income who don’t meet other lenders’ criteria.
- Type of the loan: Personal, car, home, credit cards
- Requirements: Signed Promissory Note and Disclosure Statement (PNDS), 1 government-valid ID.
- Amount: Max PHP 1 million
- Contact details and address: +63 22217620, Hotel UNO Building, C. M. Recto, Poblacion District, Davao City, 8000 Davao del Sur, Philippines
- Loan length: from 12 to 36 months
- SEC: Not available but regulated by the Bangko Sentral ng Pilipinas
- APR: Max 31.716% (depending on credit check)
Revi Credit
Revi Credit is a registered and licensed financing product made available by the all-digital CIMB Bank in the Philippines. It’s regulated by the Securities and Exchange Commission (SEC) and the Bank of the Philippines (BSP).
This means its financial services are secure, transparent, and compliant with the law. Revi Credit is known for its fast, efficient, and hassle-free loan processing with a strong focus on affordability.
- Requirements: active mobile number, 21 – 65 years, CIMB bank member, monthly income of at least PHP 10,000
- Details of the loan: Revolving line of credit, amount – PHP 1,000 – PHP 250,000, 1% – 5% APR
- Address/contact details: +632 8 580 0100, 28F ORE Central, 31st St. Cor. 9th Ave., BGC, Taguig City, Philippines
- SEC: FS201801260
FAQ on Lending Companies in Davao
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Is private lending legal in Davao?
According to the law of Davao, private lending is legal so long as the regulations that are set by the government are adhered to by the lender.
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How can I get a loan from a lender in Davao?
When you are ready to apply for a loan from Davao, research and compare various lenders, then select the one that best fits your needs.
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Can you get a loan for 3 months in Davao?
Yes, you can get a loan for 3 months locally, as short-term loans are available from various lending institutions. These lenders include Revi Credit, CashMart, 123 Finance Group, Tala, and KPeso
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What is the largest financing company in Davao?
The largest financing company in the Philippines can vary. But some prominent options include BDO Unibank, Metrobank, and Land Bank of the Philippines.
