Here’s the list of lending companies in Philippines with Certificate of Authority.
LENDING COMPANIES – Here is the full list of lending companies in the Philippines with Certificate of Authority as of December 2017 based on Security and Exchange Commission.
What is LENDING?
According to The Balance Small Business, lending is also known as financing. Obviously, this kind of activity involves money. Moreover, in its “general sense”, it is giving another person a money or property temporarily with the expectation that you will get repaid.
The businesses or financial institutions that lend money are called “lenders”. Check out some “lenders” with Certificate of Authority as of December 2017 below:
Moreover, based on Citizen’s Information, “Moneylending is the practice of giving cash loans or supplying goods or services, when the debt is repaid at a high rate of interest over a short period. Banks, building societies, insurance companies and credit unions are not considered moneylenders.”
Things to consider in this field:
- Type of Loan you’d like to apply for
- Form of writing including the names and addresses of all parties involved
- Show the total amount loaned, the rate of interest, the total amount payable (the cost of credit) and any collection charges that may apply
- Your signature and lender’s signature
Money is indeed one of the essential factors that a person needs in life in order to survive. However, to make money just circulating for you, you have to spend it wisely and invest in businesses where you can surely profit.
Lending exists because there are people who needs it. In lending, a borrowed money must be returned and repaid in due to time in order to avoid misunderstanding that might probably lead to legal battles. Failure to pay means the lender is allowed to sue you. Everyone who has this plan must bear in their minds to be responsible enough.
READ ALSO: SEC Suspends Over 100 Lenders Nationwide
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