Best Lending Companies in Davao City for Collateral-Free Personal Loans (OFW)

In today’s rapidly changing economic landscape, financial flexibility and access to funds are more critical than ever. Whether it’s for medical emergencies, education expenses, business ventures, or home repairs, having a reliable lending partner in Davao City can be a financial lifeline. This article will provide a detailed overview of the top lending companies in Davao City that cater to the diverse needs of both Filipino citizens and foreign clients, with a particular focus on Overseas Filipino Workers (OFWs).

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in December 2023 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature
#1

SOSCREDIT
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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins
#2

CREDIFY
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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins
#3

CREZU
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
#4

FINBRO
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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
#5 CREDITIFY
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
#6 CASHSPACE
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
#7 DIGIDO
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
#8 KVIKU
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
#9 CASHEXPRESS
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
#10 MONEYCAT
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Understanding Lending Companies in Davao City

Before delving into the specifics of lending companies, it’s essential to comprehend the key parameters that set them apart. Here’s a comprehensive breakdown of the essential criteria for lending companies in Davao City:

  • Loan Amount Range: Varies from 1,000 to 60,000 pesos
  • Eligibility Criteria: Individuals aged 18 to 60 years old
  • Loan Terms: Flexibility ranging from 1 to 12 months
  • Pros: Swift online loan processing available in the Philippines
  • Cons: Beware of unscrupulous loan sharks operating in Davao
  • Effectiveness Rating: A general evaluation of 8/10
  • Acceptance of Bad Debt: Some lending companies may accommodate borrowers with less-than-ideal credit histories
  • Loan Diversity: Offerings encompass OFW loans, housing loans, and ATM salary loans

A Catalog of the Finest Lending Companies in Davao City (2023)

Let’s embark on a comprehensive exploration of esteemed lending companies in Davao City that provide collateral-free personal loans:

 
Online Loan
Interests
Loan Amount
Loan Term
Borrower Age
SEC License
APR 143%
₱1,000 - ₱25,000
from 3 to 6 months
21 -  70 years
SEC Registration No. 202003056. Certificate of Authority No. 1272
APR 145%
₱500 - ₱20,000
from 3 to 6 months
22+ years
Certificate of Authority To Operate Number: 1254
from 0%
₱1,000 - ₱20,000
from 10 days
22 - 70 years
Registration № CS201726430, CA №1181
0.16% per day
₱500 - ₱25,000
from 2 to 6 months
20 - 55 years
SEC Registration No. CS201918702. Certificate of Authority No. 3169, NPC Registration No. PIC-001-791-2021
APR 84%
₱5,000 - ₱50,000
from 6 to 24 months
18+ years
APR 365%
₱1,000 - ₱20,000
7 or 14 days
18+ years
Company Registration No. CS201951088 and Certificate of Authority No. 2918
₱5,000 - ₱25,000
from 6 to 12 months
18 - 68 years
Reg No. CS201602333
APR 143%
₱1,000 - ₱20,000
22 - 70 years
Registration № CS201804564
APR from 0% to 427%
₱500 - ₱25,000
from 3 to 12 months
18+ years
Latvian business number 43603085405
APR from 4% to 916%
₱1,000 - ₱25,000
from 3 to 12 months
18+ years
from 0%
₱1,000 - ₱50,000
up to 12 months
20 - 65 years
SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
APR from 30% to 365%
₱500 - ₱25,000
from 91 days to 2 years
18+ years
from 0%
₱1,000 - ₱25,000
18 - 70 years
registration number: 14523902
from 0%
₱1,000 - ₱25,000
18+ years
registration number: 14523902
APR from 4% to 916%
₱1,000 - ₱25,000
from 30 days
18+ years
1.3% per day
₱1,000 - ₱30,000
from 30 days
20 - 65 years
CS20200000915
APR from 0% to 427%
₱500 - ₱25,000
from 3 to 12 months
18+ years
43603085405
APR 180%
₱1,000 - ₱25,000
from 3 to 12 months
20+ years
APR up to 180%
₱1,000 - ₱25,000
from 3 to 12 months
20+ years

#1. Digido – Your Trusted Lending Company in Davao City

  • Loan Range: From a minimum of 500 pesos to a maximum of 25,000 pesos
  • Loan Terms: Flexible, spanning from 3 to 6 months
  • Interest Rate: 11.9% per month (maximum APR of 143%)
  • Exclusive Offer for New Customers: Enjoy a maximum interest-free loan of 10,000 pesos for 7 days
  • Eligibility: Filipino citizens aged 21 to 70
  • Location: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower 1, 60 Gen. Aguinaldo Ave., Cubao, Davao City, Philippines
  • Pros: Seamless online application, boasting an approval rate exceeding 90%, transparent loan procedures, versatile payment methods
  • Cons: Relatively high interest rates
  • Overall Rating: A commendable 8/10

#2. Crezu – Your Reliable Lending Company in Davao

  • Loan Range: Between 1,000 to 25,000 pesos
  • Loan Terms: 2 to 4 months
  • Interest Rate: Varies from 12% to 36% per annum (without service fees)
  • Eligibility: Filipino citizens aged 18 to 70
  • Location: Tartu Street 84a, Davao City, Philippines
  • Pros: 24/7 online customer support, swift approval process, zero service fees
  • Cons: Suggests lending partners rather than direct disbursement
  • Overall Rating: A respectable 6/10

#3. Soscredit – Your Trusted Lending Company in Davao City without Collateral

  • Loan Range: From 1,000 to 25,000 pesos
  • Loan Terms: Flexible installments spanning 3 to 12 months
  • APR Range: 143% to 180%
  • Exclusive Offer for New Customers: Benefit from a maximum interest-free loan of 7,000 pesos for 62 days
  • Eligibility: Filipino citizens aged 20 to 70
  • Location: 36th Floor, Tower II RCBC Plaza, Davao City, Philippines
  • Pros: Streamlined loan application process, rapid disbursement, ability to make partial payments
  • Cons: Elevated interest rates
  • Overall Rating: A commendable 8/10

#4. Finbro – Your Go-To OFW Loan Provider in Davao City

  • Loan Range: Extends from 1,000 to 50,000 pesos
  • Loan Terms: Versatile, with options ranging from 1 to 12 months
  • Interest Rate: Daily interest rates ranging from 0.5% to 1.25%, complemented by a 9% service fee
  • Exclusive Offer for New Customers: Enjoy a maximum interest and fee-free loan of 15,000 pesos
  • Eligibility: Residents of the Philippines between the ages of 20 and 65
  • Location: Unit 1405 Philippine Stock Exchange Tektite San Antonio, Davao City, Philippines
  • Pros: Enhanced loan limits, straightforward personal loan application process, no need for income proof, rapid approval, round-the-clock support
  • Cons: Elevated interest rates and service fees
  • Overall Rating: An impressive 9/10

#5. CashXpress – Your Convenient ATM Salary Loan Provider in Davao City

  • Loan Range: From 1,000 to 10,000 pesos (First-time borrowers enjoy 0% interest for seven days)
  • Loan Terms: Convenient repayment periods ranging from 7 to 14 days
  • Interest Rate: Reasonable interest rates spanning from 1% to 1.99% per day
  • Eligibility: Filipino citizens aged 21 to 70
  • Location: Level 10-1 One Global Place 25th Street, Fort Bonifacio, Davao City, Philippines
  • Pros: Effortless loan application process, swift approval, flexible installment options, potential for extending the repayment period
  • Cons: Relatively brief repayment duration
  • Overall Rating: A commendable 8/10

#6. Moneycat – Your Trustworthy Online Loan Provider in Davao City

  • Loan Range: Varies from 500 to 20,000 pesos
  • Loan Terms: Flexible, offering terms from 3 to 6 months
  • Interest Rate: 11.9% per month (maximum APR of 143%)
  • Eligibility: Individuals aged 22 to 60 with stable income residing in the Philippines
  • Location: Unit 1701 Tycoon Bldg Pearl Drive St. Brgy San Antonio Ortigas Center, Davao City, Philippines
  • Pros: User-friendly borrowing process, rapid approval, instant disbursement, direct transfer to the borrower’s bank account
  • Cons: Relatively high interest rates
  • Overall Rating: A commendable 8/10

#7. Pesoredee – Revolutionizing Davao Lending

  • Loan Range: From 1,000 to 30,000 pesos
  • Loan Terms: Flexible, with options spanning from 3 to 6 months
  • Interest Rate: Fixed at 11.9% per month
  • Exclusive Offer for New Customers: Enjoy a maximum interest-free loan of 7,000 pesos
  • Eligibility: Filipino citizens aged 22 to 70
  • Location: Unit 204 Pacific Center Condominium, 33 San Miguel Ave, Brgy. San Antonio, Davao City, Philippines
  • Pros: Transparent information, automatic approval, funds disbursed within five minutes, potential for extending the payment period by 14 days
  • Cons: Elevated interest rates
  • Overall Rating: An impressive 9/10

#8. Zaimoo – Your Destination for Fast Cash Loans in Davao City

  • Loan Range: From 1,000 to 40,000 pesos
  • Loan Terms: Versatile terms ranging from 2 to 60 months
  • Interest Rate: Varies from 11.9% to 365% per annum
  • Exclusive Offer for New Customers: A maximum loan support of 15,000 pesos with a preferential interest rate of 0.01% for 14 days
  • Eligibility: Filipino customers aged 18 and above
  • Location: Armenia, Yerevan, Komitas Ave. Davao City, Philippines
  • Pros: Expedited loan processing with only a valid government-issued ID required, swift disbursement, extended repayment duration
  • Cons: Elevated interest rates
  • Overall Rating: A commendable 8/10

#9. Kviku – Your Trusted Personal Loan Provider in Davao City

  • Loan Range: From 500 to 25,000 pesos
  • Loan Terms: Vary from 60 to 180 days
  • Interest Rate: 0.16% per day
  • Eligibility: Filipino citizens aged 20 to 55
  • Location: 18A Trafalgar Plaza, 105 H.V. Dela Costa Street, Salcedo Village, Davao City, Philippines
  • Pros: Automated loan approval, rapid disbursement, transparent disclosure of loan terms, advantageous interest rates
  • Cons: Relatively brief loan duration
  • Overall Rating: A commendable 8/10

#10. Unacash – Your Online Lending Solution in Davao City

  • Loan Range: From 1,000 to 50,000 pesos
  • Loan Terms: Flexible terms extending from 2 to 6 months
  • Interest Rate: Variable interest rates ranging from 0% to 16% per month, contingent on the borrower’s credit score
  • Eligibility: Filipino citizens aged 18 and above
  • Location: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower 1, 60 Gen. Aguinaldo Ave, Davao City, Philippines
  • Pros: Convenient online loan access, available 24/7, no requirement for face-to-face meetings, secure and legitimate loans
  • Cons: Elevated interest rates
  • Overall Rating: An impressive 9/10

Understanding Davao A Credit Corporation Loan Requirements

To embark on a journey to secure a Davao City cash loan, borrowers must meet a set of fundamental prerequisites, which include:

  • Residency and Employment: Applicants must reside and work in the Philippines.
  • Age: Borrowers should be at least 18 years old.
  • Stable Income: A stable job with a guaranteed income, coupled with the ability to meet repayment obligations, is crucial.
  • Valid Identification: Possession of a valid, government-issued ID is mandatory.

Conclusion

When seeking a reputable lending company in Davao City to address your collateral-free personal loan needs, two standout options are Finbro and Unacash. These lenders offer remarkable loan limits, competitive interest rates, and straightforward application processes. Additionally, you can explore other trusted financial lending companies in Davao City, such as Binos Lending Corporation Davao City, Neocash Lending Davao, Lyr Lending Corporation Davao, Davao Century Lending Corporation, 123 Lending Davao, PJH Lending Davao City, Car Financing Davao, Davao Lending Company Branches, Millennium Lending Davao City, and Prenda ATM Davao City, to diversify your options and meet your financial requirements. Remember that it is vital to assess your unique financial situation meticulously and select the lender that aligns most closely with your specific needs and preferences.

By choosing the right lending partner in Davao City, you can embark on a secure and prosperous financial journey, ensuring that you are equipped to navigate the challenges and opportunities that life presents. Whether you are an OFW or a resident in need of financial support, these lending companies are here to assist you in achieving your financial goals, realizing your dreams, and securing your financial well-being in Davao City.

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