Financial services in Davao City
Credit companies in the Philippines offer citizens to receive funds for personal needs. It can be both urgent loans (for example, in case of crash or treatment in hospital) or long-term loans (purchase of equipment, housing, car).
Lendings companis in Davao in map
|Number||Office address||Mode of operation||Company name|
|1||Robinson's Cybergate, J.P. Laurel Ave, Poblacion District, Davao City, 8000 Davao del Sur||09:00 AM – 6:00 PM|| VXI Global Holdings B.V. Philippines
|2||Door 3, Carlson Building, Lapu-Lapu St, Agdao, Davao City, 8000 Davao del Sur||09:00 AM – 6:00 PM|| Davao A+ Credit Corporation
|3||3rd Floor Blue Building brgy, Poblacion District, Davao City, 8000 Davao del Sur||09:00 AM – 6:00 PM|| Esquire Financing Inc. Application Receiving Center Davao
|4||4th Floor, Metrobank Davao Center, Ramon Magsaysay Avenue,, Poblacion District, Davao City, 8000 Davao del Sur||08:30 AM – 5:30 PM|| ORIX METRO Leasing and Finance Corporation
|5||#71,Door 4, 2nd Flr., Belisario Bldg., J.P. Laurel Ave, Bajada, Davao City, 8000 Davao del Sur||09:00 AM – 6:00 PM|| SILVER FINANCE INC.
|6||Door 3, Fran Jr. Building, Corner E. Palma Gil Street & J. P. Laurel Ave., Poblacion District, Davao City, 8000 Davao del Sur||08:30 AM – 4:00 PM|| ACDI MULTIPURPOSE COOPERATIVE
|7||Pan-Philippine Hwy, Buhangin, Davao City, Davao del Sur||08:00 AM – 5:00 PM|| AFPSLAI
|8||Cross Bldg, Philippine Red, Roxas Ave, Poblacion District, Davao City, Davao del Sur||08:00 AM – 5:00 PM|| 123 LENDING
|9||RCFI Complex, Agton St, Toril, Davao City, 8000 Davao del Sur||08:00 AM – 5:00 PM|| Asialink Finance Corporation
|10||Door No. 1, 2, ATP Commercial Building, T Monteverde Ave, Cos Gempesaw St., Poblacion District, Davao City, Davao del Sur||10:00 AM – 6:00 PM|| First Standard Finance Corporation
|11||Avanceña St, Barangay 9-A, Davao City, 8000 Davao del Sur||10:00 AM – 6:00 PM|| TR Lenders Co., Inc
|12||Km 6 Diversion Road, Buhangin, Davao City, 8000 Davao del Sur||10:00 AM – 6:00 PM|| Davao A+ Credit Corporation
|13||Buhangin, Dabaw, Lalawigan ng Davao del Sur||10:00 AM – 6:00 PM|| Agronomika Finance Corporation
|14||Samulco Building, Kilometer 6 Buhangin-Cabantian-Indangan Rd, Barangay Buhangin, Davao City, 8000 Davao del Sur||10:00 AM – 6:00 PM|| Sta. Ana Multi-Purpose Cooperative
|15||Succulent Rd, NHA Village, Brgy. Buhangin, Davao City, 8000 Davao del Sur||10:00 AM – 6:00 PM|| Pagasa Philippines Lending Company Incorporated
|16||Door 2-B, Jka Building, Gen. Douglas MacArthur Hwy, Talomo, Bangkal, Davao City, 8000 Davao del Sur||08:30 AM – 4:30 PM|| Harrisville Financial Lending Corporation
|17||GSIS Heights, 76 Gen. Douglas MacArthur Hwy, Matina, Davao City, 8000 Davao del Sur||08:00 AM – 6:00 PM|| JGM Finance Corporation
|18||Teonora Arcade, 389 Mc Arthur Highway, Matina, Davao City, 8000 Davao del Sur||08:00 AM – 5:00 PM|| RD Credit Corporation
|19||Km.5 Matina Pangi Rd, Matina Pangi, Matina, Talomo, Davao Del Sur, 8000 Davao del Sur||08:00 AM – 5:00 PM|| Cebuana Lhuillier Pawnshop - Matina Crossing Davao City,Davao Del Sur
|20||Km.5 Matina Pangi Rd, Guadalupe Village, Matina Crossing, Davao City, 8000 Davao del Sur||08:00 AM – 5:00 PM||Bora Lending Net|
General information about cash loans in Davao
All loans issued by various financial organizations are always united by three common features:
- Limited repayment term. As a rule, funds are issued for a period of 12 to 36 months. The shorter this period, the greater the amount of the monthly payment. The interest rate for short-term loans is much lower than for long-term loans.
- Limited loan amount. You will be able to get from 10 thousand to 2 million pesos, if the loan is approved. The higher your income, the better the credit history – the greater the available loan amount.
- Fixed interest rates. They do not change throughout the whole term. There are exceptions, but they are rare.
Conditions for issuing loans in Davao are quite advantageous. Of course, it all depends on your chosen bank or MFI. Lending services in Davao city are widespread.
Requirements to the borrowers
Before you apply for a fast cash loan in Davao city, make sure that your person fits the bank’s requests. The loan will be exactly approved if the recipient:
- is aged 21 years and up to 65 years old;
- has a stable income and can confirm it (get a statement from work or bank account);
- has a good credit history, or it is absent;
- has a personal bank account.
The borrower can get a loan without having a bank account. Unfortunately, such services are much more expensive. Only short-term loans in MFIs are available to residents of the Philippines who do not have a personal account. They are distinguished by high interest rates and short repayment periods.
Types of consumer loans
A few dozen of the largest banks are engaged in monetary lending in Davao city. There are two types of loans in the Philippines: they are called “secured” and “unsecured”.
The first option involves making a pledge. In its role acts as a deposit account, real or movable property. If the borrower does not have time to repay his debt on time, the pledge remains with the lender. The risk to the bank (MFI) is noticeably reduced, so the rate on secured loans is much lower.
Unsecured loans are issued without any collateral. This is the most common category of cash loans. The repayment period will be from 12 to 36 months, and the maximum amount is one million pesos. This is an acceptable option for receiving a salary loan in Davao city.
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What loan options are available in Davao banks
BDO Bank offers everyone to get consumer loans from 10 thousand pesos. The rate ranges from 25.98% to 26.76% per year. The lender offers unsecured (non-collateral) loans. He has similar conditions with the bank Asenso Kabayan.
One of the available options is EastWest Bank. The organization offers personal loans in the amount of 25 thousand to 2 million pesos. Annual interest rate is from 41.62% to 41.94%. If you do not have a personal credit card in this bank, it will increase to 53.21%.
Maybank is an excellent solution if you want to get a prepaid personal loan of 50 thousand to one million pesos. The interest rate is minimal – only 1.3% per month.
Security Bank also provides consumer loans to residents of Davao. The loan amount remains standard – not less than 50 thousand and not more than a million pesos. Interest rate – from 29.48% annually.
If you have a stable income and are confident in your solvency, then getting a personal loan in Davao city will not be a problem.
Written by Mikka Montero | Modified date: February 13, 2020