Lending Companies in Mansilingan
A loan is a temporary use of money with an obligation to return the amount owed and interest (fees for using the loan) within the specified period. The loan must have the following:
- Purposeful nature (it is necessary to indicate the purposes for which you will spend the funds);
- Refund (the money taken must be returned within the prescribed period);
- Payment (interest is usually charged on the loan amount);
- Security (monthly income or property, depending on the amount and type of loan).
Many types of loans are available in Barangay Mansilingan: personal, commercial, mortgage, leasing, factoring, and so on. It is not difficult to choose a suitable one. Lending services are provided by commercial banks and non-bank credit institutions (financial companies, credit unions, pawnshops, etc.). This should be taken into account when choosing a lender and signing a loan agreement, as there are differences in regulations between banks and non-bank financial institutions.
| 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 Popular Lending Companies in Mansilingan
The most popular companies in Barangay Mansilingan are Midland Finance Corporation, Security Bank, and ASIALINK Finance Corporation lending companies. Each lender differs in its loan products and lending conditions but provides reliable financial assistance in each individual case.
Midland Finance Corporation
This SEC-registered financial institution helps individuals and legal entities receive money for any legal purpose on favorable terms. It has many branches in the Philippines. But the main office of Midland Finance Corporation is at Door 2 & 3 Lacson Bldg., P. Hernaez St., Brgy. 31, Bacolod City, Philippines. Loan services are available in all barangays of the city, including Mansilingan. To contact the company by phone, use the number +63344343123.
Midland Finance Corporation offers loan amounts of PHP 10,000 – PHP 1,000,000. Loan terms are flexible. Annual interest rates (APR) are 3-5%. Application processing usually takes 1-3 days. The company conducts rather strict credit checks. To be approved, applicants must meet a number of requirements: age 21 or older, a credit score of 600 or more, a stable income, etc.
Security Bank
Security Bank is one of the leading SEC-registered banks with 316 branches throughout the Philippines. It provides high-quality services to commercial, retail, corporate, and institutional clients. Organization address in Bacolod: SBC Building, BS Aquino Drive corner Hilado Extension, Bacolod City, Philippines. Phone number: +63 34 433 9065. Website: securitybank.com.
By contacting Security Bank, you can get any type of loan you need, including a personal loan, car loan, mortgage loan, business loan, payday loan, credit card, etc. Available loan amounts: PHP 10,000 – PHP 5,000,000. The repayment terms are pretty long and can reach 240 months. Interest rates are low (0.5-3.13%). Approval usually takes up to 24 hours.
But given that this company is a banking establishment, the requirements for borrowers are extensive. Many documents (proof of identity and income, credit report, etc.) are required. The minimum required credit score is 650.
ASIALINK Finance Corporation
ASIALINK Finance Corporation will be an excellent choice for those who need financial support urgently. It mainly specializes in payday and personal loans and operates at the address Door No. 7 Pace Bldg., Lacson St., Brgy. 17, Bacolod, 6100 Negros Occidental. The phone number for contacting the company: +63 34 433 5876.
The advantage of ASIALINK Finance Corporation is that it is ready to provide its services online. You can fill out an application on the website www.asialinkfinance.com.ph 24/7. Checking borrowers is not strict. Applicants with a low income and poor credit score often receive approval. Available loan amounts range from PHP 1000 to PHP 500,000. Loan repayment term: 1-36 months. APR: 1.5-4%.
Top OFW Lending Companies in Barangay Mansilingan
Some financial institutions in the Philippines offer the Overseas Filipino Workers (OFW) welfare program for overseas Filipinos. The top 3 such companies are Land Bank, ASIALINK Finance Corporation, and Loansolutions PH. Read a brief description of each below.
Land Bank
Land Bank is a top 1 OFW lending SEC-registered company in the Philippines with 752 branches across the country. Mansilingan residents can visit its branch at Landbank Bldg, Cottage Rd cor Gatuslao St, City of Bacolod, Negros Occidental, Philippines. Phone number: +63 34 441 3537.
Its lending programs are diverse and include OFW loans. The minimum available loan amount is PHP 500,000, and the maximum directly depends on the monthly repayment capacity of the borrower. Interest rates vary from 1% to 5% per annum. The repayment period is up to 3 years.
When applying for OFW from Land Bank, the credit score does not play a special role. Even applicants with poor credit scores are considered. The main thing is to be of legal age, and provide proof of identity and regular income.
ASIALINK Finance Corporation
This is another trustworthy SEC-registered company in Mansilingan that provides Seaman and OFW Loans. Since it is included in the list of the most popular Mansilingan financial organizations, we have already provided its brief description above. The only thing we would like to mention is the requirements it places on those who apply for an OFW loan:
- Loan application filled with truthful data;
- 2 valid government issued ID;
- 2 PCS 2×2 pictures;
- Latest electricity or water bill;
- Copy of seaman’s book;
- Seaman’s registration certificate;
- Promissory note;
- Marriage contract (if spouse), etc.
Loansolutions PH
Loansolutions.ph was founded in 2013 and is owned by Global Dominion Financing Inc. (GDFI). It is an SEC-registered marketing website, the largest network of reputable lenders in the Philippines. Loansolutions.ph makes it easy for Filipinos to find loan products (personal, house, car, business, and OFW loans) that best suit their needs and goals.
OFW loans offered by Loansolutions.ph please everyone. Requirements for borrowers are minimal. Filling out the application online is easy. Loan amounts are PHP 10,000 – PHP 2,000,000. APR is between 1.25% and 1.60%. Payment terms are flexible, starting from one month.
Lending Companies in Mansilingan With Low Interest
The above information indicates that there are a large number of Mansilingan organizations you can turn to when you experience financial difficulties. Various types of loans, favorable interest rates, various payment options are available to you. If you want to find a low-interest Mansilingan lender, this is also possible. Malachi Finance Corporation, Lopez-Torres Finance Corporation, ATC Lending Corporation, etc. offer low APRs to their clients. Check out the table below.
| Malachi Finance Corporation | Lopez-Torres Finance Corporation | ATC Lending Corporation | |
| APR | do not exceed 2% | 1.5% | 1.3- 2.99% |
The interest rates of each financial institution mentioned in the table are quite low. So, you can contact one of them if the loan conditions suit you.
Please note that the loan amounts offered by Malachi Finance Corporation are PHP 1000 – PHP 5,000,000. Payment terms can be up to 240 months. The list of financial services is extensive and includes truck loans, real estate mortgage options, quick cash, financial aid for pensioners, refinancing services, etc. To apply for a loan, you need to visit one of the company’s branches, for example, at Corner North Drive & San Juan Street, Sto. Niño Stop, Barangay 2, Bacolod City, Philippines, and fill out an application.
Lopez-Torres Finance Corporation offers loan amounts from PHP 10,000 to PHP 2,000,000 for up to 5 years. Applications are processed within 3-5 days. A thorough check of the credit report is carried out. The minimum credit score required is 620.
ATC Lending Corporation loan amounts, payment options, and repayment terms depend on the credit solvency of the applicant, as well as on the type of loan chosen. For example, a payday loan is usually issued in the amount of PHP 3.000 – PHP 50.000 for a period of 14 to 31 days. The minimum amount for a mortgage loan is PHP 1,000,000, and the repayment period can be 3, 5, 7, 10 years, etc.
ATC Lending Corporation has a mandatory credit history check. Those with a high score are more likely to get approval at a favorable APR. The interest rate for borrowers with poor credit scores is usually higher.
FAQ on Lending Companies in Barangay Mansilingan
Is private lending legal in Mansilingan?
Private lending is not prohibited in Barangay Mansilingan if the lender’s activity is registered and carried out in accordance with the law. But when applying to an illegally operating private lending company, there is a risk of scammers.
How can I get a loan from a Mansilingan lender?
It all depends on which company you choose. If this is a land-based organization, then you need to go to its one branch. If you prefer an online lender, then visit the appropriate website. After filling out the loan form with true personal information, just wait for a response.
Can you get a loan for 3 months in Barangay Mansilingan?
You can easily get a loan for 3 months. Any credit institution will provide you with such a loan if you meet the requirements.
What is the largest Mansilingan financing company?
Security Bank is the largest financing company in Mansilingan. It provides a wide range of financial services for those who experience financial hardship not only in Barangay Mansilingan but throughout the Philippines.
