Luckily, today, banks found a way to make the process much faster compared a few years back. On the other hand, private lending companies (which we have listed below) offer higher interest rate but a much faster approval and release of loan proceeds. The good thing with these types of lenders is that there may be times bad credit problems don't appear in their C-Map or credit mapping. This is due because many private financiers in the Philippines no longer use the BAP (Bankers Association of the Philippines) database.
Lenders List in the Philippines for Personal Cash Credit. The two types of lenders are the ones who usually compete for the big percentage of borrowers in the Philippines. Among the two, banks usually win because they are available almost in any corner of the country from Luzon, Visayas to Mindanao.
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