Company Information
ÆON Credit Service (Philippines) Inc., commonly known as Aeon Philippines, is a financing company established in February 2013 that envisions to be an instrument in the improvement of their customers’ lives. It is a subsidiary of a bank called AFS Corporation Co., Ltd. (AFSC) which is operating under the ÆON Bank and is completely owned by ÆON Financial Service Co., Ltd. (AFS), a firm listed in the First Section of the Tokyo Stock Exchange.
Over the years, AFS remains relevant as a company that issues credit and prepaid cards. As of this writing, it has generated more than 35 million credit cardholders in Japan and overseas while 44 million credit holders have been produced in Japan alone.
Carrying its mission to help people enhance their lifestyle, specifically financial capacity, Aeon Philippines offers installment loans for their customers by allowing them to purchase products deemed essential for their everyday living. This includes loans for home appliances, furniture, and electronic items.
The financing company also offers Personal Loan, Tricycle Loan, and Vehicle Loan as part of its goal to provide a means of livelihood for Filipinos. Through this wide range of loan options, each consumer is given a chance to create a steady stream of income.
Aeon Philippines moreover commits to performing its role with the vision to be a leading brand in the consumer finance and service industry. Thus, it ensures that the company is not just merely recognized but also connected across the world. In fact, they excel in doing their services through their growing affiliated merchants in Cambodia, China, Hongkong, Malaysia, and many more.
Aeon Philippines has branches in Cebu and Davao, and satellite offices in Pampanga and Legazpi. Their main office is located on the 5th Floor Hanston Square Building, San Miguel Avenue, Ortigas Center, Pasig City, Metro Manila, and can be contacted at (02) 863 11399.
Products and Services Offered
ÆON Philippines provides financial products and services not just to consumers but also to companies. The products that they offer are Appliance, Furniture, and Gadget Loans, Personal Loan, and Corporate Partnership.
Appliance, Furniture, and Gadget Loans
This is a type of consumer loan that allows borrowers to choose the item they wish to purchase and instead of using a credit card, they can purchase the items on a loan to be paid in installments. This means that those who suddenly face their appliance or furniture breaking down, and do not have enough cash to pay for the needed appliance and furniture will be able to do so through this loan.
A processing fee or a downpayment may be required for the loan to be processed. This will depend on the item that the borrower wishes to purchase.
Loan Features
Loan Amount: Based on the product and the borrower’s capacity to pay
Loan Tenure: Within 6 to 24 months.
Interest Rate: 3.5% for general products and 5% for gadgets
The type of items that borrowers can avail of with this loan is Audio Videos, Home Appliances, Furniture, Computers, Gadgets, Bikes, Musical Instruments, and Hardware Products.
Eligibility Criteria & Requirements
To be eligible for this loan, the borrower must meet the following the criteria and prepare the following documents:
| Employed | Self-Employed | Beneficiary (applicants whose cash allowance is received from abroad) | |
| Eligibility | *Must be at least 18 years old and not older than 60 years old upon loan application *Must be employed in the current company for at least 6 months *With an active phone number *Must have his or her own email address | *Must be at least 18 years old and not older than 60 years old upon loan application *Business must be actively operating for at least one (1) year *Must have his or her own contact number *Must have his or her existing email address | *Must be at least 22 years old and not older than 60 years old upon loan application *The Source of allowance must be from a legitimate relative *Must have his or her own contact number *Must have his or her existing email address |
| Requirements | Two (2) Valid Government-issued IDs | *Two (2) Valid Government-issued IDs *Proof of received remittance *Proof of billing *Department of Trade and Industry (DTI) or Mayor’s permit | *Two (2) Valid Government-issued IDs *Proof of received remittance *Proof of billing |
Personal Loan
A Personal Loan in Aeon Philippines caters to the personal needs of the loan applicants to address their financial goals. It can be used for a wide variety of purposes such as paying utility bills, educational fees, hospital expenses, or debt consolidation, just to name a few.
Since it is an unsecured loan, this kind of loan is granted among eligible applicants with no co-makers nor is collateral required. If any, only the credit score or history of the applicant is examined as a basis to get the loan application approved.
Loan Features
Loan Amount: Will depend on the credit evaluation
Loan Tenure: Within 6 to 12 months
Interest Rate: 2.95% per month
Other Fees & Charges: Php1,000 processing fee (to be deducted from the loan proceeds).
Requirements
Employed
- 1-month payslip as proof of income
- Proof of Billing
- Two (2) Valid IDs (at least 1 company ID and 1 government-issued ID)
Self-Employed
- Proof of Income (Business Permit, DTI Registration, or 3 months bank statement)
- Proof of Billing (utility bills)
- Two (2) Valid IDs (at least 1 company ID and 1 government-issued ID)
Corporate Partnership
Aside from a variety of loans, Aeon Philippines also offers a partnership program with private companies, institutions, or employers who wish to provide their employees with a personal loan service. Having this corporate partnership enables the company’s employees to apply for any kind of loan introduced by Aeon Philippines with a hassle-free application process and direct submission of requirements.
Requirements for the Company
- Company Documents such as Certificate of Incorporation, Articles of Partnership, DTI Registration, Business Permit, etc.
- Document stating the names of the authorized signatories or authorized representatives of the company
- General Information Form
- Valid ID of owner/director
- Latest 2 years financial statements
Aeon Philippines Mobile Application (Aeon Credit Service)
The Aeon Philippines Mobile App is the digital platform formed by Aeon Philippines to help their existing and new consumers easily navigate their products and services. In particular, this app enables its users to explore, access, and avail of Aeon Philippines loans such as Appliance Loan, Furniture Loan, Gadget Loan, Personal Loan, and even Corporate Partnership.
The mobile app can be installed through Google Play Store. It can also be used to check outstanding balances, raise concerns, or inquire about customer service.
Aeon Philippines ensures that their customer chat support team will guide and help their users address concerns involving their products and services.
Why Choose Aeon Philippines?
Simple Application Process
Not every transaction can be done easily for many loan providers in the country. However, Aeon Philippines makes it easier for its applicants to avail of its services by following a few simple steps. It offers both personal and online transactions where borrowers can submit their information and requirements and receive the loan proceeds through their preferred method.
Low-Interest Rate
With as low as a 2.95% loan interest rate per month, applicants may already avail of a personal loan in Aeon Philippines. Meanwhile, they can apply for Appliance and Furniture Loans with only a 3.5% interest rate and 5% for a Gadget Loan.
Corporate Partnership is Available
With employers partnering with Aeon Philippines, they will be able to provide the employees with an avenue of applying for loans that are easier to access so that they can focus on their work. Employers also need not worry about their employees being less productive because of financial worries.
Coupled with Exclusive Deals and Benefits
Regardless of the type of loan borrowers would like to apply for, Aeon Philippines gives its customers deals like affordable installment plans tailor-fit to suffice their needs. VIP deals are also offered for members who have been repeatedly availing of their services.
How to Sign Up
There are two methods to sign up and apply for a loan service from Aeon Philippines. It can either be through a visit to their branch or the Aeon Credit Service mobile application.
Via Mobile Application
The following are the steps on how to sign up using your mobile phone and Aeon Credit Service’s application:
Go to Google Play Store and install “Aeon Philippines Mobile App”
Apply for the loan service best fit to meet your needs.
For Existing Users:
Click “Login”
Enter your login credentials
For New Users:
Click “Register”
Use your Agreement Number and login to continue with your application
Fill out the pre-claim form with your personal information to complete loan approval
View the available location and promos of nearby stores to process your loan
Visit the store and look for AEON Sales promoters to claim your item
For Direct Application:
Click “Apply Loan”
Select the loan option you would like to avail of and submit all necessary requirements.
Wait for a call from the personal loan officer to know if your application is approved.
Wait for an SMS or text message to get your loan proceeds.
Via Branch Application
Visit the nearest branch of Aeon Philippines and look for a personal loan officer
Answer the questions that will be asked by the personal loan officer and submit your requirements.
Wait for a call or text message from your Aeon personal loan officer
Get your cash or cheque on the schedule provided by your Aeon personal loan officer.
Frequently asked questions
How can I view my outstanding loan balance?
Are there additional fees for me to pay upon my loan application?
How do I make my payment for my AEON Installment Plan?
In case I paid more than I should have, will I get a refund?
How can I update my personal information in the AEON system?
How do I reach out to AEON Philippines for a corporate partnership?
Conclusion
Despite having less salary income, Filipinos will not be deprived of purchasing what they need and what they want because of the financial products that Aeon Philippines offer. This is why financial solutions are of great help to reduce financial worries and boost the quality of life of many individuals.
Aunt Piggyy
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