Lending Companies in Iligan

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

PBCOM

The Philippines Bank of Communications is a reputable financial service provider in the country. It offers various financial products, including loans. It’s a certified member of BancNet and regulated by Bangko Sentral ng Pilipinas.

• Address: G/F M. Commercial Building, Zone 3, National Highway, Roxas Avenue, Poblacion, Iligan City
• Contact: (063) 223-2702
• Website: https://www.bsp.gov.ph
• Branch: It has about 93 branches spread across the country.
• SEC Registration: Yes

Its services range from personal to auto and home loans:

• Personal loans: You can access its personal financing option to cater to your needs.
• Auto loans: For people who’d like to buy their dream car, this option is the perfect one for you.
• Home loans: You can secure funds here to buy or start building your residential property.

The higher the figure you wish to borrow, the longer your list of criteria. But like many other credit companies, you’ll need to:

• Meet the age requirement (21-65)
• Be a Filipino citizen
• Have proof of high or low income and employment.
• Others include valid IDs, bank statements, tax returns, etc.

BDO Philippines

This Filipino lender has over 1,000 branches across the country, including Iligan. It offers lending services with timely disbursements and affordable rates.

• Address: BC Labao corner Del Pilar St., Iligan City
• Contact: (063)223-9449, [email protected]
• Email: [email protected]
• Branch: There are more than 1,000 of its units across the country.
• SEC Registration: 34001

BDO Philippines offers a range of loan products, including:

• Personal loans: This financing option allows people to access extra funds to cater to their unique needs.
• Home loans: These allow borrowers to take advantage of additional money to secure a home or build a residential property.
• Auto loans: Get access to its unique lending service and purchase your desired vehicle. Borrowers can buy both old and new vehicles here.
• Business loans: For advancement and development, this financing option is a good way to sustain your business.

To qualify here, you must submit identification documents:

• Valid ID
• Proof of income
• Proof of employment

BPI

Bank of the Philippine Islands (BPI) is one of the Philippines’ largest and most established banks. It’s a company in Iligan with a wide range of financial assistance services.

• Contact: Phone: +63 63 223 8053
• Address: Lluch Street, cor Manuel L. Quezon Ave, Iligan City, 9200 Lanao del Norte, Philippines
• Website: https://www.bpi.com.ph/
• Branch: The brand has more than 900 walk-in stores across cities and regions in the country.
• SEC Registration: PW- 121

The lender provides various loan products, including:

• Personal loans: Whether an OFW or a random borrower, the lender has unique financing for each individual needs.
• Home loans: Apply for its housing financing option to acquire, build or renovate your residential property.
• Auto loans: The lender offers impressive financing options with fair terms to buy and maintain your dream car.
• Business loans: BPI allows you to take your business to the next level with its advanced business extra funding service at low rates.
• Credit cards: Filipinos can access this feature to get extra funds.

The specific criteria for BPI loans may vary depending on the loan type. Generally, you must provide:

• Valid means of identification (documents)
• Proof of income
• Proof of residence and other supporting documents.

Top OFW Lending Companies in Iligan

MCCB

This bank is an amalgamation of three different financial services. The company was founded in 2017 and has since provided credit services to borrowers. Its loan services are available at a fair and reasonable rate. The bank operates under the regulation of the Bangko Sentral ng Pilipinas after registering with the CDA.

• Address: 66HP+HP9, Iligan City, Lanao del Norte, Philippines
• Contact: 856-1550
• Email: [email protected]
• Branch: There are more than 17 branches in the country.
• SEC Registration: Yes

As one of the largest creditors in the city, MCCB boasts multiple loan offers for Gingoog residents:

• OFW and Seaman: As long as you provide the necessary documents, the lender offers special credit financing options for OFW and Seamens
• Auto: You can get extra cash to finance your dream car purchase with competitive rates from this lender.
• Home: Homeowners and potential owners can buy, build or remodel their homes/residential apartments with some spare funds obtained from MCCB.
• Salary: For people who receive monthly incomes and would prefer to access some extra cash before they are due, this service is perfect for you.
• SME and Business: Borrowers can leverage this funding channel to boost their business productivity.

Some basic criteria include the 21-year age mark and income earnings. The specific criteria vary by loan type. But generally, below are some documents you should prepare ahead:

• Proof of pension (voucher)
• Bank statement (ATM)
• 2 valid IDs (both spouses and co-maker)
• 2×2 ID picture (both spouses)
• Sketch of the residence (for home loans)

PJH Lending

This is another low-interest lending platform available for Filipinos. You can get low-interest credits without the need for collateral. It’s also an SEC-certified company, giving borrowers a legit source of extra cash with low interest rates. You can start paying back after two months, and approval happens within 24 hours of application.

• Address: UNIT 1 FRC BUILDING, PEDRO GIL ST., COR. TAFT AVENUE, MALATE, MANILA
• Contact: Phone: +63 999 382 0414
• Email: [email protected]
• Branch: PJH lending has about 19 branches in Philippine
• SEC Registration: C199900197

It provides loans, such as:

• Cash loans: For access to extra cash, you can opt for this special service. It gives you the right amount of cash to finance your day-to-day life with multiple payment options.
• Personal loans: This can help you sort your home improvement projects, emergencies, travels, and many other personal expenditures.
• OFW loans with very low-interest rates.

Below are the general criteria for borrowers. Kindly be aware that you’ll need one co-maker for approval:

• 2×2 picture (2 pcs.)
• Valid ID’s
• Passport Copy
• Contract, OEC, VISA & TICKET
• Birth Certificate (if single)
• Marriage Contract (if married)
• Original Electric Bill (Latest)

Philippine National Bank

This is one of the biggest banks in the country. It has hundreds of stores nationwide, which makes it a good option for Iloilo residents.

• Address: Philippines National Bank, Cor. Ledesma Jalandoni Sts., Iloilo City, Iloilo, Philippines
• Website: https://www.pnb.com.ph
• Email: [email protected]
• Branches: There are about 670 units.
• SEC Registration: Yes

Some of the impressive services it offers are:

• OFW Loans: As an OFW, you can access some extra money to cater to your needs before and after your time in the sea.
• Personal Loan: This feature is available to any and all Iloilo residents (as long as you’re qualified). It provides them with high amounts and individualistic financial aid.
• Business Loan: Some borrowers would like to boost their business growth, and thankfully, this service is available on their platform.

Requirements

• Valid identification document (government-issued card)
• Proof of income or employment
• Proof of residence and other supporting documents
• Co-maker/Collateral

Lending Companies in Iligan With Low Interest

RCBC (Rizal Commercial Banking Corporation)

RCBC is one of the largest universal banks in the Philippines, providing a comprehensive range of financial services to individuals, businesses, and institutions. It’s a certified financial institution, so it guarantees legit loans.

• Contact: (063) 221-5443
• Address: Lanao Fil-Chinese Chamber of Commerce Inc. Bldg. Quezon Ave. cor. B. Labao St., Iligan City
• Email: [email protected]
• Branch: The lender currently has more than 462 units across the country.
• SEC Registration: CSD200250041

The company provides various loan products, including:

• Personal loans: This unique financing service allows Filipinos to cater to their individual needs with low rates and competitive terms.
• Home loans: These are house funding options that make it easy to build or renovate your home at no additional cost.
• Auto loans: Vehicle owners or dreamers can also leverage exceptionally low rates and fair terms to gain enough money to go for their goals.
• Business loans: With low interest rates, terms, and credit amounts that are fair, you can take extra funds to boost your business.

The criteria differ depending on the loan product. Generally, applicants must submit:

• Identification documents
• Proof of income
• Proof of residence and other supporting documents.
• Collateral

Maybank Philippines Loans

Maybank is a financial provider in the Philippines with a reputation for promoting excellent financial products and services. The company also has various loans for Iligan and other Filipino citizens. The Bangko Sentral ng Pilipinas regulates the bank and is a member of BancNet and PDIC.

• Address: 7th Avenue Corner 28th Street, Bonifacio Global City, Taguig City 1634, Metro Manila Philippines
• Contact: [email protected]
• Email: mailto:[email protected]
• Branch: about 63 branches in the Philippines
• SEC Registration: Yes

It has a fair number of loans:

• Auto loans: Its auto credit service introduces you to a high source of funding to procure your ideal vehicle, whether new or old.
• Home loans: You can take the loan feature here and build your desired home, renovate the existing one, or buy your dream residence.
• Retail SME: Small-scale businesses and entrepreneurs can take credit here at a low cost and skyrocket their business.
• Personal loans: offers individualistic loans for different Filipinos to meet their unique financial needs.

To get approved, you need to meet the basic age criteria. For a personal loan, the basic criteria include:

• 2 valid IDs with 3 specimen signatures
• Latest utility billing statement with the residence address
• Original certificate of employment or experience with compensation and 1-month payslip
• Latest ITR or BIR Form 2316

EastWest

EastWest offers various credit and financial services, especially for businesses. Its loan features non-collateral amounts that can go as high as 2,000,000. The loan terms also range between 12, 18, 24, and 36 months, depending on your financial experience and preferred loan type. EastWest is registered and regulated by the Bangko Sentral ng Pilipinas, which makes it a reliable lender.

• Contact: (632) 8888-1700
• Email: [email protected], [email protected]
• Branch: EastWest Bank has more than 3 branches in the country, with plans to grow even bigger in the coming years.
• SEC Registration: CS-3585471

Its credit offers are discussed below:

• Personal: With access to its personal credit, you can cater for all your personal expenditures, be it planned or emergencies.
• Housing: Its housing plans allow Filipinos to quickly build their own home or buy an existing residential property and pay back over time.

The requirements include:

• Valid IDs
• Filled forms
• A copy of the latest ITR/BIR Form 2316 or a copy of the latest three months’ payslips
• A certificate of employment stating the Salary, Position, and Date Employed and ITR or payslips, etc.

FAQ on Lending Companies in Iligan

Is private lending legal in Iligan?

Yes, private lending is legal in Iligan, Philippines. But you must confirm that the lender is registered with the SEC and adheres to the Bangko Sentral ng Pilipinas (BSP) regulations and other applicable laws.

How can I get a loan from a lender in Iligan?

To obtain a loan from a lender here, you can visit their branch, contact their customer service, or complete an application through their website. But to stand a chance, you must meet the eligibility criteria and provide all the required documents.

Can you get a loan for 3 months in Iligan?

Yes, securing a loan for 3 months is possible. Lenders like BPI and BDO offer short-term loan options with payment options and repayment periods as short as 3 to 6 months.

What is the largest financial company in Iligan?

Some of the largest financing institutions in the city include BDO, BPI, and MCCB.