ACOM Consumer Finance Corporation
Is ACOM legal?
Any financial company that wants to work in the Philippines is required by law to receive the appropriate permission. The SEC (Securities and Exchange Commission) is responsible for this. On the official website sec.gov.ph you can find lists of companies that have been tested and are trustworthy:
- LIST OF LENDING COMPANIES WITH CERTIFICATE OF AUTHORITY;
- LIST OF FINANCING COMPANIES WITH CERTIFICATE OF AUTHORITY.
We DID NOT find the company ACOM CONSUMER FINANCE CORPORATION in the list of registered organizations on the SEC website, if you decide to contact them for services, carefully check all documents, it may not be safe!
Loan parameters
| Min amount | Max amount | Min terms | Max terms | Rate |
|---|---|---|---|---|
| 5000 PHP | 100000 PHP | 180 | 365 | 4,563% per month per day |
1. Age
2. Time to review
3. Other conditions
About ACOM Co., Ltd.
Acom – one of the largest and most well-known consumer finance companies in the Philippines . Consumer finance corporation Acom was one of the first to introduce an automated loan application system. Today, this company is one of the main partners of MasterCard International. This organization is the main shareholder of Acom. MasterCard Inc. has more than 40% of Acom’s shares.
How to get a loan in the company
To apply for Acom loan, you need to go to the website of this credit institution and fill out a small application. A potential borrower also needs to select the necessary amount and the loan terms. This organization provides loans for 6 or 12 months. At the same time, loans for a period of one year are available only upon repeated appeal to Acom finance.
To receive a loan, a client must meet a number of requirements:
- Citizenship – Philippines;
- Age – from 21 to 65 years old;
- Work experience – at least three months.
- The minimum wage is 10 thousand pesos per month (for Manila), 7 thousand (for other provinces).
- The presence of a personal mobile phone and landline phone of the company.
To get money in Acom Philippines, you will also need to provide:
- passport (driver’s license and other identification documents);
- TIN;
- original payrolls for the last 2 months.
Credit products
1st Term Loan
- Up to ₱250,000,
- 6 Months,
- 3.315% to 4.563%.
2nd Term Loan
With a 2nd-term cash loan, you are lent a set amount upfront, which you pay back (along with fees) over twelve (12) months. The amount that you can borrow varies depending on your submitted documents and credit evaluation.
- No Requirements,
- Up to ₱250,000,
- 12 Months,
- 3.315% to 4.563%.
Revolving Loan
With revolving loan, ACOM will upfront you cash to help you outright. You then pay back the total amount lent, plus fees, for a flexible period of time. The amount that you can borrow varies depending on your submitted documents and credit evaluation.
- No Requirements,
- Up to ₱500,000,
- Flexible,
- 3.315% to 4.563%.
Advantages of the service
Acom lending provides its customers with such benefits:
- Simple application process. In order to apply for a loan, a client just needs to fill out a short form.
- Quick approval. Within a day after the application is submitted, a representative of Acom consumer finance will contact the borrower and notify about the decision of company’s loan specialists.
- Get cash quickly. Borrowers can withdraw their credit funds from the offices of any accredited Acom partner.
- Great opportunities for loan repayment. To close the debt, clients of this microfinance organization can apply to any accredited partner bank Acom.
Types of loans
The loan products of this company can be divided into 3 categories: first, repeated and revolving credit. The first loan can be issued only for 6 months in the amount of up to 250 thousand pesos. The second loan can be issued for up to one year. The advantage of a revolving loan is the ability to instantly receive borrowed funds.
HOW IT WORKS
1. Fill in the form
2. Wait 20 minutes
3. Get money
FAQ
Contacts
- Address: Ground Floor, AIC Burgundy Empire Tower, along Sapphire Road, beside 7-Eleven, back of Robinson’s Galleria
- Phone: 02-304-5200; 0917-713-9761
- Email: [email protected]
Written by Mikka Montero | Modified date: January 22, 2021
Leave a comment