Lending Companies in Malaybalay
The demand for consumer loans is growing every year. This is explained by the need for individuals to improve their standard of living. The activation of lending is economically important, as it ensures the stabilization and development of the state economy as a whole.
| 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 |
Most Trusted Malaybalay Lending Companies
The best lending companies in the Philippines, in particular, Malaybalay, are Hills Finance Corporation, Radiowealth Finance Company, and Millennium Cash Finance Co. Inc. Let’s consider the financial services they provide and the requirements for borrowers.
Hills Finance Corporation
Hills Finance Corporation has been operating in the Malaybalay financial market for over 25 years. It is SEC-registered and provides a full range of financial and lending services to the population. Address: 544G+H9F, Sayre Hwy, Malaybalay, Bukidnon, Philippines. Phone number: +63 88 813 3214. Website: www.hillsfinancecorporation.com.
The company has a large number of branches in the Bukindon Area, Davao Area, Misamis Oriental Area, and Caraga Region Area. So, everyone can easily choose a suitable branch and receive financial assistance. The main thing is to meet the basic requirements of the lender:
- Be over the age of 21;
- Provide proof of identity;
- Live in the Philippines;
- Have a regular monthly income;
- Have a credit score of at least 600.
Like most lending institutions, Hills Finance Corporation lends money for any legal purpose. For example: home renovation, tuition fees, medical expenses, purchase of household appliances, etc. The loan amounts are PHP 20,000 – PHP 1,000,000. Annual interest rates do not exceed 9%. The repayment terms are up to 36 months.
Radiowealth Finance Company
Radiowealth Finance Company is another popular SEC-registered organization with favorable credit conditions. Address: 544G+6P8, Sebastian St, Brgy. 4, Malaybalay, Bukidnon, Philippines. Phone number: +63 88 813 2015. Its branches are located throughout the Philippines, so not only residents of Malaybalay but also other cities can fill out an application and get approval.
Loan amounts: PHP 15,000 – PHP 3,000,000. Loan terms: from 12 to 60 months. APRs vary between 6% and 36%. Requirements for borrowers are standard. But it is important to have a good credit score, as the lender refuses applicants with bad credit.
Millennium Cash Finance Co. Inc
Millennium Cash Finance Co. Inc started as a one-branch in Davao City back in 1999. But today, it has greatly expanded its operation and has more than 73 offices in the Philippines. Address: 2nd Floor Velomer III Building, Fortich St. Corner, Buntao St, Malaybalay, Bukidnon, Philippines. Phone number: +63 88 813 3528.
Lending services of Millennium Cash Finance Co. Inc are diverse and include:
- Personal loans;
- Loans for business development;
- Mortgages;
- Loans secured by real estate;
- Car loans;
- Refinancing;
- Restructuring;
- Credit cards, etc.
The available loan amounts: PHP 30,000 to PHP 5,000,000. Annual interest rates range from 7% to 29%. The repayment terms are up to 60 months. The requirements for applicants are the age of majority, Malaybalay residence, and the presence of a stable income. A credit score is not a key indicator. Even those with a credit score of 500 can borrow money.
Millennium Cash Finance Co. Inc is SEC registered. This means that applying there for financial support is not risky. Each client is provided with high-quality and reliable loan products.
Top OFW Lending Companies in Malaybalay
The State of the Philippines takes care of its citizens working abroad. Thus, OFW (overseas Filipino workers) lending with 1-day approval is offered to land-based and sea-based overseas Filipinos that require financial support. Requirements for borrowers are minimal. Loan terms are favorable. Payment options, please, everyone. The top three OFW Malaybalay lending companies are BDO Unibank, PBCom, and LandBank.
BDO Unibank OFW Loan
The BDO Unibank OFW loan is the most popular among Filipinos working abroad. It has extensive experience in this field. The organization is located at the address: 545F+6VQ, Malaybalay, Bukidnon, Philippines. Contact information: 24/7 hotline (+632) 8631-8000, email address [email protected].
The company has a great variety of branches, including BDO Corporate Center Orgitas (in Mandaluyong), BDO Salcedo Tower (in Makati), Bel Air – Gil Puyat (in Makati), Better Living (in Parañaque), BF Homes – Teoville (in Manila), etc.
PBCom OFW loan
PBCom is another trusted company in Malaybalay that provides OFW loans. Address: Enterprise Bank, Red Berry6 Court Building, Laviña Avenue, Guinoyoran Road Pob, Valencia City, 8709 Bukidnon, Philippines. Phone number: +63 88 828 2086 Website: http://www.pbcom.com.ph/. PBCom has 93 branches located across Mindanao, Visayas, and Luzon.
LandBank OFW loan
LandBank is a financial institution administered by the Philippine government. It mainly specializes in serving the needs of farmers and fishermen. However, universal financial services, including OFW lending, are also provided there.
The company has many branches, such as Sta. Cruz Laguna, Valenzuela, Malaybalay Highway, etc. The Malaybalay branch address: Landbank Bldg, Fortich St, Brgy 2, City of Malaybalay, Bukidnon, Philippines. Phone number: (088) 221-2121. Website: https://www.landbank.com.
Check out the table below for more information on the services and requirements of each of the lenders mentioned.
| BDO Unibank | PBCom | LandBank | |
| Services | OFW loans, cash management services, trade facilities, treasury, leasing, corporate cards, merchant partnerships, etc. | OFW loans, home loans, car loans, corporate loans, commercial loans, business loans, cash management solutions, etc. | Various kinds of lending programs |
| Loan amount | PHP 10,000 – PHP 2,000,000 | PHP 40,000 – PHP 20,000,000 | The minimum loan amount is PHP 500,000, and the maximum depends on the monthly solvency of the borrower |
| Interest rate | 0.98%-3% | 0.66%-3% | 0.98%-5% |
| Loan term | 6, 12,18, 24, 36 months | 3 months – 240 months | 24 months – 240 months |
| Approval duration | 24-48 hours | 24-120 hours | 24-72 hours |
| Borrower requirements | Age 21-60, stable income, proof of identity and financial condition | Age 21-65, completely filled-out application form, two valid IDs, regular income | Age 18-62, having a good credit history, proof of income |
| Mobile app | Available | Available | Available |
| SEC registration | Registered | Registered | Registered |
Loan products, credit ratings, loan amounts, loan terms, payment options, and requirements of BDO Unibank, PBCom, and LandBank differ. But their OFW programs are still the best and therefore deserve attention.
Malaybalay Lending Companies With Low Interest
Financial institutions provide interest rate quotes for loans and other similar products. The borrower compares different loans and decides which one will be more profitable for him. The reliability and accuracy of such a comparison are ensured by the annual interest rate.
The annual interest rate is the rate that:
- Includes all costs associated with obtaining a loan;
- Shows the total cost of your loan;
- Determines the remuneration for placing funds on a bank deposit.
Getting financial assistance from a reliable lender with a low-interest rate is not always easy. It is usually required to have a good credit score and meet all the requirements of a credit company. However, some companies offer low rates to their customers, even those with a low income. Thus, for example, HSBC’s interest rate is 0.65%. The loan amount varies from PHP 30,000 to PHP 500,000. Payment terms are 6 months – 36 months. Loan processing time is up to 5 business days.
CIMB Bank PH also offers low interest rates from 1.12% to 1.95%. The minimum loan amount available is PHP 30,000, and the maximum is PHP 1,000,000. The payment terms: 12-60 months. The application processing usually takes no more than 10 minutes, and the money is credited to the borrower’s account within 24 hours after approval.
The personal loan interest rates of BPI financial company are 1.2%. Loan amounts are PHP 20,000 – PHP 2,000,000. Loan terms are 12 months – 36 months. Processing time usually takes 5-7 working days, which is not always convenient for those who experience significant financial hardship and need money urgently.
Those looking for low-interest loans can also visit lending companies such as Metrobank, Citibank, RCBC, Maybank, CTBC Bank, PSBank Flexi, SB Finance, PBCom Puhunan Plus, CBS Easi-Funds, etc. By carefully studying the loan conditions of each lender, you will definitely make the best choice and cover your expenses without any problems.
FAQ on Malaybalay Lending Companies
Is private lending legal in Malaybalay?
Malaybalay private lending is legal. It is subject to the same state and federal regulations as any other type of lending. Therefore, do not think applying to private lenders is risky. You will receive high-quality financial services without any hassle by choosing a reputable company.
How can I get a loan from a Malaybalay lender?
You first need to decide on a reliable land-based or online organization. Its lending conditions should suit you. Then you should submit a loan application. If you meet the requirements, you will be approved.
Can you get a loan for 3 months?
Loan terms vary from lender to lender. But finding a financial company in Malaybalay with a 3-month loan period will not be difficult. If you experience financial difficulties, just contact PBCom, Hills Finance Corporation, or RCBC and solve your problem.
What is the largest Malaybalay financing company?
BDO is the largest Malaybalay financing company in terms of deposits, loans, assets under management, and capital. BDO is very popular not only in Malaybalay but all over the Philippines. It has over 1,500 operating branches nationwide.
