Who Is 1 2 3 Lending Corporation?

1 2 3 Lending Corporation was incorporated in 2012 and began full operation early in 2013. The company is registered with SEC as a licensed lending corporation. Its head office is in Cebu City and there are branch offices in Manila and Cagayan de Oro. The company has more than 75 employees and is one of the largest lenders to the OFW market.

How much cash will I receive if I borrow 80,000 pesos?

You will receive 100% of the amount you borrow. We do not deduct any payments or fees from your loan amount.

What is the interest rate?

The interest rate will vary depending on a number of factors. However, we continue to compare our rates with all other finance and lending companies and remain confident that our rates are lower than our competitors.

Current rates vary from 2.9% to 3.7% plus a processing fee. Example on a 100,000 loan for 12 months for a New Zealand OFW the monthly payment is 12,686.67.

What is the requirement for being approved for a loan?

The requirements are very simple and easy. If you have a contract for employment and can provide a suitable co-maker we can in most cases approve your loan.

How much can I borrow?

The amount you can borrow will depend on your income and your needs to pay any required agency fees and other cost associated with being able to deploy to your country of work.

However mostly we approve a loan equal to 2 X your monthly salary. There are circumstances when higher amounts are approved.

What is the loan term?

You have the option to choose the term of the loan. Most loans are between 6 months and 12 months. The shorter the term the less it costs you.

Can I make early repayment of my loan and save interest?

Yes, we are the only lending company that discounts your interest amount by 75% for early repayment. The discount is given upon full repayment. Other lending companies do not discount for early repayment and some will even charge you an early termination fee.

How do I make payments?

There are numerous payment options. We provide you with a full list of options including bank transfers and payment centers.

We have special payment relationships also with M Luillier & Cebuana. We also have bank trust accounts in Australia and New Zealand so you can pay direct in those countries and save considerably on transfer fees and currency conversion.

Can I borrow when I am working in another country?

Yes! We are able to facilitate a loan for your family needs when you are already deployed and working out of the Philippines.

The person who receives the loan proceeds should be your immediate family, preferably a spouse or parent. They will need to show evidence that you have sent them recent remittances from Abroad.

What happens if I can’t make a payment?

Of course we want you to be able to make all your payments on time. However we know sometimes problems occur.

It is always best that you try to contract our office prior to the due date to ask for an extension. In some cases we can arrange this without any penalty interest being charged.

How long is the approval process?

We can pre-approve your loan immediately subject to receiving complete documents. Final approval will be within 1 working day after all documents are received.

When will I get the money?

Release of funds is usually 5 to 7 days prior to departure.

What is the process for getting a loan?

Step 1. Make inquiry online or in one of our offices.
Step 2. Bring or sent the requirements and complete the application form.
Step 3. We assist you to open a check account together with your co-maker.
Step 4. Money is released.

Do I need to visit the office?

If you are in the Philippines you will need to visit one of our offices together with your co-maker to sign the loan documents and open a check account.

If you are working abroad and the loan is intended for your family your family member will need to come to our office.

Who Is 1 2 3 Lending Corporation?

1 2 3 Lending Corporation was incorporated in 2012 and began full operation early in 2013. The company is registered with SEC as a licensed lending corporation. Its head office is in Cebu City and there are branch offices in Manila and Cagayan de Oro. The company has more than 75 employees and is one of the largest lenders to the OFW market.

How much cash will I receive if I borrow 40,000 pesos?

You will receive the amount you borrow. We do not deduct any payments or fees from your loan amount.

What is the interest rate?

The interest rate will vary depending on several factors. However we continue to compare our rates with all other finance and lending companies and remain confident that our rates are lower than our competitors

Current rates vary from 2.9% to 3.9%. First time borrowers are charged a small processing fee.

How much can i borrow?

You may borrow up to 2 x your basic monthly salary.

What is the loan term?

Loan terms can vary between 3 months and 9 months. You have the option to choose your term to meet your best repayments.

Do I qualify for a Salary Loan?

The requirements are very simple and easy. If you are a regular employee in a Call Center company or other job in BPO/ IT Industry and you have been with the same employer for at least 1 year you will be most likely be approved.

What Documents do I Need to Apply?
  1. Contract of employement.
  2. Proof of billing (can be immediate relative with permanent address).
  3. Company ID and 1 Government I.D ( Ex. of valid I.D's ).
  4. Latest two (2) consecutive pay slips/ or bank statements.
  5. Payroll ATM.
What is the difference between a Quick Cash Loan and a Salary Loan?

The Quick Cash Loan is used for loans up to a maximum of 25,000. Loans over 25,000 will be classified as a salary Loan.

Salary Loans over 40,000 need post dated checks & a co-maker.

How long is the approval process?

We can pre-approve your loan immediately subject to receiving the completed application and a few documents. Your loan funds will be deposited to your account within 2 working days.

Can I apply online?

Yes you can complete your application online. However you will need to visit our office for final completion of the loan. Currently our only BPO/ Call Center office is located at 2nd floor i2 Building, IT Park, Jose Maria del Mar St, Cebu City. Located above coffee bean in food court area. We plan an additional office opening early 2017 located at the ground floor Skyrise Beta Building, Cebu Business Park, Samar Loop, Cebu City Entrance next to jollibee.

Who Is 1 2 3 Lending Corporation?

1 2 3 Lending Corporation was incorporated in 2012 and began full operation early in 2013. The company is registered with SEC as a licensed lending corporation. Its head office is in Cebu City and there are branch offices in Manila and Cagayan de Oro. The company has more than 75 employees and is one of the largest lenders to the OFW market.

How much cash will I receive if I borrow 25,000 pesos?

For quick cash loans we deduct the interest from the release amount. If you borrow 25,000 pesos you will receive 22,150 for example.

What is the interest rate?

The interest rate will vary depending on several factors. However we continue to compare our rates with all other finance and lending companies and remain confident that our rates are lower than our competitors

Current rates vary from 3% to 3.8%. First time borrowers are charged a small processing fee.

What is the requirement for being approved for a loan?

The requirements are very simple and easy. If you are a regular employee in an established Call Center Company or other job in BPO/ IT Industry you will be most likely be approved.

How much can I borrow?

The Quick Cash Loan is limited to a maximum loan amount of 25,000 pesos.

Do I qualify for a Quick Cash Loan?

The requirements are very simple and easy. If you are a regular employee in a Call Center Company or other job in BPO/ IT Industry and you have been with the same employer for at least 9 months you will be most likely be approved.

What is the loan term?

Loan terms can vary between 3 months and 6 months. You have the option to choose your term to meet your best repayments.

How long is the approval process?

We can pre-approve your loan immediately subject to receiving the completed application and a few documents. Your loan funds will be deposited to your account within 1 working day.

Can I apply online?

Yes you can complete your application online. However you will need to visit our office for final completion of the loan. Currently our only BPO/ Call Center office is located at 2nd floori2 Building, IT Park, Jose Maria del Mar St, Cebu City. Located above coffee bean in food court area. We plan an additional office opening early 2017 located at the ground floor Skyrise Beta Building, Cebu Business Park, Samar Loop, Cebu City Entrance next to jollibee.