Lending Companies in Pasig
Borrowing funds is a controversial and exciting issue, the attitude towards which is very ambiguous in society. There are categories of users who regularly take loans from various financial institutions and enjoy a successful deal in each individual case. Some citizens categorically condemn lending and believe it is necessary to save money in advance for a particular purchase.
It is impossible to unequivocally determine whether a loan is good or bad. Everything depends on a specific situation. Thus, it’s a good idea to borrow money to pay for utilities, medical bills, education, business development, home repairs, etc.
| 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 |
Different Types of Financial Institutions Offering Lending Services in the Philippines, Pasig
Financial institutions attract people with interesting offers and various payment options. Therefore, choosing the best one can be difficult. The information below will help you make the right choice.
Sidhnath Lending Corporation: One of the Most Popular Pasig Banks
Banks should be mentioned first of all. These institutions offer loan products for individuals and legal entities. Loan amounts, interest rates, and terms are determined by each bank individually. Applicants usually have to collect a lot of documents and spend some time waiting for a positive decision from the lender.
Sidhnath Lending Corporation is one of the popular SEC-registered Pasig banks. It is located at 182, Dr. Sixto Antonio Avenue, Caniogan, Pasig, 1606 Metro Manila, Philippines, with phone number: +63 23853624. The company offers a full range of financial services, from debt consolidation to payday loans.
Loan amounts up to PHP 10,000,000 are available. The interest rate is 2.5% – 5% per month. The repayment term directly depends on the type of loan. It takes up to 1 month for payday loans. In the case of a mortgage loan, the term is 1 year, 3 years, 5 years, or 7 years, etc.
The application processing is not always fast. To get approved, you need to meet a number of requirements (age 21+, stable income, valid ID, etc.).
Arrofortis Credit Corporation: A Credit Union Worth Trusting
Credit unions are non-profit financial institutions. You need to become a member to get a loan from a financial union. As a rule, this is a simple and quick procedure. However, the credit union is unlikely to be able to help with a large loan amount. The amounts of financial assistance are usually not very large.
Arrofortis Credit Corporation is one of the most prominent credit unions in the Philippines. It is located at Lot 4 Block 1 Phase II-D, Maple Street, Greenwood Executive Village, Cainta, Rizal, Philippines, but financial services are provided throughout the Philippines, including Pasig. Here is the contact phone number: +63 2 7910 6448.
Loan amounts are up to PHP 250,000. APRs vary between 10.49% and 29.49%. The return period is up to 2 years. The main requirements for borrowers:
- 21+ years of age;
- Philippine citizenship;
- Good credit rating;
- Regular income in a volume that allows monthly payments.
Cash Mart: An Online Lender That Provides Instant Loans
People with low income often turn to online lenders for financial assistance. Such credit organizations apply a flexible approach to each borrower and issue money within 1-48 hours after approval.
Cash Mart is a reputable company in Pasig with extensive work experience. It provides online lending services (salary loans, personal loans, OFW loans, etc.) and has more than 50,000 satisfied customers. By visiting the website https://cashmart.ph/ofw-loan/, you can request from ₱3,000 to ₱50,000. Interest rates are low, from 0.8 to 3.5% per month. Payment terms are varied. Everyone can choose the most suitable one.
Requirements for applicants:
- At least 21 years old;
- In employment;
- 1 valid ID;
- The latest proof of billing.
Cash Mart provides fast payments, and money is usually deposited into the borrower’s account within 24 hours after the loan application is approved.
Top OFW Lending Companies in Pasig
The term OFW usually refers to migrant workers from the Philippines, that is, people who have Filipino citizenship but move to another country and reside there for a limited period of time in order to earn money. According to the Philippine Department of Migrant Workers, the general number of OFWs was 800,000 in 2022. This number is increasing every year.
Some Pasig financial institutions have OFW programs to support overseas Filipino workers. If you want to take advantage of such a program, please contact one of the companies described below.
South Asialink Finance Corporation
This is a trustworthy SEC-registered financial company in Pasig with an office on the 7th Flr. The Currency Bldg. Julia Vargas Ave. cor. F. Ortigas Jr. Road Ortigas Center, Pasig, Philippines. Phone number to contact the lender: +63 930 826 4192. The company also has branches located in Bulacan, Caloocan, Tanauan, Cabuyao, San Pedro, Calapan, Biñan, Lemery, Batangas, Naga, San Pablo, and other cities in the Philippines.
South Asialink Finance Corporation issues OFW personal loans ranging from ₱20,000 to ₱250,000. The interest rate is approximately 1.5% per month. The repayment term: 6-12 months. People between the ages of 21 and 59 with a salary of at least ₱20,000 are eligible to be approved.
MoneyCat
It is the largest online financial company in the Philippines, offering OFW loan products for low income people. The website https://moneycat.ph/ has a clear interface and does not cause any difficulties during use. It is easy to find the information you are interested in, as it is divided into sections.
The loan amounts available to overseas Filipino workers are ₱500 – ₱20,000. The rates are 11.9% per month and 145% per annum. The first OFW loan is interest-free. Loan terms vary from 3 to 6 months. The main requirement for borrowers is a valid ID.
SACC
This is another reliable SEC-registered company where you can apply for OFW loan services. Address: L2 The Podium, Ortigas Center, Pasig, Metro Manila, Philippines. Phone: +63 905 251 3887. You can request an amount of ₱20,000 – ₱1,000,000 for 12, 18, 24, 30, or 36 months. No collateral is required. Interest rates are 1.3%-1.5% per month.
In addition to OFW loans, applicants can use other types of SACC financial services, such as payday loans, business loans, mortgages, student loans, debt refinancing, debt consolidation, etc. Requirements for borrowers are similar to those of other financial institutions. The main thing is to be of legal age, have a stable income, and provide 1 or 2 valid IDs.
Review the table below to compare the loan amounts, rates, and repayment terms of the three OFW lending companies described above.
| South Asialink Finance Corporation | MoneyCat | SACC | |
| Loan amounts | ₱20,000 – ₱250,000 | ₱500 – ₱20,000 | ₱20,000 – ₱1,000,000 |
| Interest rates | approximately 1.5% per month | 11.9% per month and 145% per annum | 1.3%-1.5% per month |
| Loan terms | 6-12 months | 3-6 months | 12, 18, 24, 30, or 36 months |
Thus, each financial company has different loan products, terms, and payment options. Experience in the financial market also varies. Approach the choice of the lender responsibly, and you will certainly succeed!
Pasig Lending Companies With Low Interest
Low interest rates are very attractive to consumers. Everyone wants the overpayment amount to be as low as possible. But when looking for a low-interest lending company, it is important not to fall for scammers since many organizations operate illegally in the modern financial market.
Here is a list of legitimate Pasig companies that offer various financial services and low interest rates:
- Esquire Financing Inc.;
- Pagasa Philippines Lending Company Incorporated;
- Fast Loan;
- Aesir Lending Company Incorporated;
- Welcome Finance, Inc.;
- Sidhnath Lending Corporation;
- Millennium Cash Finance Company, Inc.;
- Bagong Pagasa Lending Corporation;
- South Asialink Finance Corporation, etc.
The interest rates of these lending companies usually do not exceed 3.5% per month and 15% per annum. So, feel free to contact one of these lenders if you want to save money.
FAQ on Pasig Lending Companies
Is private lending legal in Pasig?
Private loans are loans provided by private individuals. Such loans help improve the financial condition of people banks and credit companies refuse. Requirements for borrowers are simple. Although private lending is not prohibited by Pasig law, one should be careful when using it. There is a risk of fraud when contacting an illegal private lender.
How can I get a loan from a Pasig lender?
Regardless of which land-based or online financial institution you choose, you should first fill out a loan application. After that, send the completed form to the lender and wait for a response. If approved, the money will be transferred to your specified bank account.
Can you get a loan for 3 months in Pasig?
You can take a loan for 3 months without problems because many lenders offer loan terms from 1 month to 1 year, 3 years, 5 years, 7 years, 10 years, etc. But it is important to check whether you meet the requirements of a particular lender.
What is the largest Pasig financing company?
Sidhnath Lending Corporation is considered the largest Pasig financing company. This is a banking institution that operates legally and has SEC registration.
