Lending Companies in Malingao

Based on all borrowers’ experience, when seeking a worthy lending company in Malingao, it is necessary to take a look at many and decide based on the comparison.

The region has several famous lending companies, so let’s dive in and see what each can offer.

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


Rizal Commercial Banking Corporation

The first company is RCBC. This online lender boasts high ratings and availability of credits in Southeast Asia. It is registered in 12/F Yuchengco Tower, RCBC Plaza, 6819 Ayala Ave. cor. Sen. Gil. J. Puyat Ave., Makati City 1200, with branches all over the Philippines.

Contacting the company is possible via the hotline at +632-8877-7222 or at www.rcbc.com. There is a large spectrum of loans offered: home, auto, and personal loans (Php 50,000 to Php 1,000,000), such as those for paying for higher education, trips, and big events like weddings. Loans are only given to Filipo or Dual citizens 21 years old. Its activity is SEC regulated.


Next, there is SeekCap, – a platform famous for its low interest aid for all sizes of enterprises. Available anytime online, the platform provides any sum between 5,000 to 20 million pesos at interest rates of nearly 2%. SeekCap’s headquarters is located at 33f UnionBank Plaza Meralco Avenue, Ortigas Centre, Pasig City, PHL, with support available on Facebook or [email protected]. Non-collateral and business loans for up to 36 months are given to any startup and registered business. However, approving this would take extra time and effort.

Security Bank

Lastly, we can’t miss Security Bank, which shines with fast approval and a variety of loan products, from mortgages to corporate salary loans to car, business, home, and car4cash loans. The lender graciously gives loans to employed citizens 18 and up. The address is 6776 Ayala Avenue, Makati City. Contacting the company is best through +632 88-791-88 or [email protected].

Top OFW Lending Companies in Malingao

Regarding OFW lending, i.e., programs enabling overseas employees to receive financing for many purposes, there are specific leaders in the sphere. Here belong Landbank, Bank of the Philippine Islands, and Pag-IBIG Fund. Each of them complies with the requirements of the SEC (Securities and Exchange Commission).


Land Bank of the Philippines

Landbank is registered at 32/F, LANDBANK Plaza 1598 M.H. del Pilar Dr. J. Quintos St. Malate, Manila, and can be reached via +632 8-405-7000. It has nearly 10 branches and offers extensive housing and loan programs, such as Easy Home loan or refinancing the existing mortgage. It focuses on helping citizens restore their agricultural activity, lending to farmers and young entrepreneurs, and extending its functionality to assist those unlucky to experience natural disasters. It should be noted that application only from candidates with farm plans, endorsement letters from the DA, and the Service Conduit is accepted.

Bank of the Philippine Islands

In turn, the Bank of the Philippine Islands is a great alternative for long-term borrowing, with an APR of 6,25% to 10%. It’s registered at 6768 Ayala Avenue Makati City 0720 Philippines and can be reached through the hotline +632 818 5541.

Besides OFW loans, it offers housing, auto, salary, and BPI family Ka-Negosyo loans. The convenient side is that co-borrowing and co-mortgaging are possible (for employed or self-employed citizens, see precise requirements at www.bpi.com). The same institution provides credit and debit cards.

Pag-IBIG Fund

Pag-IBIG Fund

Pag-IBIG Fund, with its address at Petron Mega Plaza 358 Sen. Gil J. Puyat Avenue, Makati City, is great for those planning to finance a dwelling place. The loan products include a Home Equity Appreciation Loan (HEAL) for up to 30 years, a short-term calamity loan for victims of disasters, a housing loan for OFW at up to 9% if interest, and a fast-funding all-purpose loan at APR 10%.

Lending Companies in Malingao With Low Interest

It goes without saying all loan seekers would like to get the lowest interest possible. The better debt conditions are, the easier it is to pay back the loan and the less stress it makes for one’s personal budget. This is also true about corporate credits, farmers, and businesses.

In Malingao, you can go for the tried and trustworthy lending companies, which emphasize making loans affordable for ordinary people, or in other words, keeping the interest rates relatively low.

Cathay United Bank

Cathay United Bank

Among such banks in the Philippines, Cathay United Bank stands out. The company provides its users in Malingao or anywhere on the islands with financial assistance in the amounts of up to 200,000 Taiwanian dollars at relatively low rates that often are 2% per month (for loans up to 12 months) or 0,37% to 1,62% for short-term debts such as elastic loans.

A borrower needs to be at least 18 years old, have a bit of credit history, and be able to make payments, i.e., being employed. Like with all other lenders, one would need to demonstrate the Proof of Income document.

The standard list of requirements for anyone taking out credit in Malingao looks like this:

Cathay offers both secured and unsecured loans that can be filed online and managed with a single mobile app.

Mallig Plains Rural Bank

Another company in Malingao for low income borrowers or those desiring to get the lowest APR possible is the Mallig Plains Rural Bank. Here the APR ranges from 0,75% to 3%. Housing loans are especially great deals, with clients paying only nearly 0,8% monthly. Besides housing loans, one can obtain an OFW or OCW loan for up to 24 months and a micro loan for up to 3 months. It also offers a variety of payment options and currency transfers to any country. Financial services are given to Filipino citizens not younger than 21 years with official residence landlines.

Additionally, there is a requirement that one has to make at least Php 15,000 per month gross.


Cashalo Logo

Next, if you live in the Philippines and want a lender with benefits and an intuitive process of loan receiving, consider Cashalo with its online and personal loans. It won’t help you finance large projects but would give up to Php 15,000 and approve you in 1 hour. Their loans extend for up to 240 days, one of which is a shop now pay later loan. Lazada loan is, however, the best choice since there is zero monthly interest.

FAQ on Lending Companies in Malingao

Yes, private lending is legal in the Philippine region, with many lenders being more loyal concerning borrower requirements. Private lenders can often give you more relaxed conditions and terms, fewer documents needed to take one out, and securing loans easier.

Besides, most of them don’t perform hard credit checks and don’t rely as much on your history. However, watch out for the APR. Since private lenders often want to compensate for the high cost of funding, they can raise interest rates much, with the monthly exceeding 2% to 3%.

There is a basic procedure that you will be very likely to follow in case of choosing a loan in Malingao. If your choice stops at the online lender, you will simply fill out a form to send your application.

Still, the best thing to do before applying is to compare a few lenders, check if the company complied with laws and regulations if it is registered officially and has its headquarters in the Philippines, and compare side by side specific products by the lender and several of its rivals.

After you have shopped around and found the deal, send the form, providing all the required documents. Once approved, make sure you make timely payments to avoid accumulating debt.

Sure, this is possible. Many lenders specialize in short-term loans with low APR and flexible payment options. This type covers loans from 1 to 12 months. Still, the most popular ones are taken for up to 3 months.

The key is to search for the options that would satisfy your needs, build a plan to refinance, and go out of debt seamlessly. If you would like to have a financial Plan B for longer, think of obtaining a credit card or more situation-specific financial services.

There is no such thing as a monopoly on lending. However, several big companies are considered as leading ones. For instance, these are RCBC (Rizal Commercial Banking Corporation), Security Bank, Cathay United Bank, and online payday lenders Cashalo and Moneytree.

The first bank institutions are slower to approve users but, as a rule, give more guarantees and flexibility in amounts and terms. At the same time, they may require more documents to approve borrowers, such as proof of employment. Online lenders are good alternatives, on condition that they are under regulations and are official.

Button up
image description