Money lending trends in philippines


Euromonitor International’s team of in-house analysts – with industry and geographic expert research – the latest market trends and future growth opportunities for the consumer credit industry in the Philippines.

Key trends are clearly and concisely summarized with the latest research data available. Understand and assess competitive risks and plan a corporate strategy with our quality analysis, insights and confident growth estimates.

Consumer credit reports in the Philippines include:

   *Analysis of key supply side and demand trends

   *Wide distribution of international and local products

   *Historical volume and price size, company and brand market share

   *Five years of market trends and market growth forecasts

   *Strong and transparent research methodology working in the country

   Three banking trends in all areas of banking:

   1. Filipinos enjoy digital convenience but security concerns remain.

Filipinos are attracted to the convenience of digital banking, but security concerns leave many behind.  4 out of 10 Filipinos believe online banking is unsafe, although the increase in access to digital financial services has helped people understand that online banking is more secure than ever.

2. Filipinos turn to discovery during their financial journey.

Whether they are looking for financial services, reviews or advice, the Philippines turns to search when it comes to finding, evaluating and verifying information. That’s why brands need to be on the lookout and guide people through the right financial information, so that they feel confident about their decision.

3.Filipinos are interested in saving and investing.

With 50% of Filipinos looking to sign up for a savings account next year, 4 brands have the opportunity to provide digital finance products that meet people’s financial needs.

Unique treatment for banks, underbanked and unbanked

Although digital finance has changed overall in the Philippines, it operates differently in different banking sectors.  To help your audience, it helps if you understand their key motivations and behaviors.


Best Licensed money lender in philippines  reached its highest level in more than a decade in January, pushing up debt growth among businesses and suggesting that households support the economy. Can help with the damage caused by coronavirus outbreaks. Central bank data show that consumer credit rose 40.1% in January from a year earlier. This is the fastest since at least January 2009, according to data compiled by Bloomberg.

Credit card loans and motor vehicle loans increased by 57% and 31.7%, respectively, while the company’s loans increased by only 8.8% during the same period, according to central bank data. Overall, bank credit rose 11.6 percent in January from a year earlier, the fastest in eight months.

Characteristics of the financial behavior of the Philippines in the banking segment

The bank is also thorough and detailed in its research. They make an average of 7.2 touch points in their research, scroll through videos and brand websites, and consult family, friends and financial experts. 22 brands can significantly reach this segment by appearing on search with relevant information. For example, when this group of people are researching a new car, financial advertisements that provide information about car loans will be useful.

They are also open to a variety of financial products, regardless of brand, as long as it brings them closer to their financial purpose.


A bank account is not just about saving money, it is also about managing money.  Opening an account is a great move – it means you can use a service that helps you manage your money, and help you get a loan sometime in the future if you need to.

Different types of loans


 People borrow money for a variety of reasons. It can be to expand your business, finance higher education, buy a house or car, get a ring for your girlfriend or wife. There are two types of loans, secured and unsecured. First, let’s understand what a secured loan is. What do you know about loans USA?

Secured Loans

Secured loans are those where a borrower holds an asset as security or collateral in order to borrow money. The security can be your car, your house, or anything else of value.

 It simply means that in the event of a default, the lender can use the asset to repay the funds that it has advanced to the borrower.

Common types of secured loans are mortgages and auto loans, where the object to be financed becomescollateral for the finance. With a car loan, the lender can take back the vehicle if the borrower defaults.

 When a person or company takes out a mortgage, the property in question is used to support the payment terms.In effect, the lender holds the equity in the property until the mortgage is fully paid off. If the borrower defaults, the lender can repossess the property and sell it to recover the funds owed.

 Unsecured Loans

 Unlikesecured loans, unsecured loans are taken out without posting any collateral. When the borrower defaults on this type of debt, the lender initiates a lawsuit to collectthe debt owed. Ability to pay and promise to pay.

 Banks charge a higher interest rate for unsecured loans because they pose a high risk. In addition, the creditworthiness and debt-to-income ratio requirementsfor these types of loans are often more stringent.

 When granting unsecured loans, banks check the creditworthiness of the borrower.Any late payment in the pastmay result in the termination of the loan. Apart from this, the borrower’s financial situation is also checked to find out if he will be able to repay the loan.

 Examples of unsecured loans are personal loans, educational loans, and credit card transactions. And when a bank determines that a loan or outstanding money is no longer collectible, it marks it as a bad loan.

Once you have decided to apply for a personal loan, consider all the factors that go into making a loan, including your financial situation, the lender you use, and how you will repay it.

  Follow our eight steps to apply for a personal loan in the USA:

 1. Enter the numbers

 2. Check your credit score

 3.Consider your options

 4. Choose your type of loan 

 5. Find the best personal loan rates

 6. Choose a lender and apply

 7. Gather the required documentation

 8.Accept the Loan and Start Making Payments


 A loan is a sum of money that a person or business borrows from a lender. It can be divided into three main categories namely secured and unsecured loans, conventional, open, and closed.