Company Information
GlobeWest Finance is one of the biggest financing companies in the Philippines and is registered with the Securities and Exchange Commission (SEC) that offers financing for individuals and to SMEs to help them address their financial goals and expand their businesses. One of GlobeWest’s visions is to offer Filipino individuals and businesses loans that are affordable and have flexible rates. Their aim is to ultimately be the partner of Filipinos as they journey towards financial stability and growth.
To date, they already have over 2,000,000 loans approved, for over 100,000 customers from over 10 loan products that customers can choose from. They are strategically located in major cities and municipalities nationwide, making it easy and convenient for Filipinos to access their financial products and services.
Customers can contact them at 0917 422 5158 and 0939 303 5158 for any inquiries or they can also send them an email at [email protected]. Similarly, they can visit the website directly and send a message.
Products and Services Offered
GlobeWest Finance offers different types of loan products for both Personal and Business Loans, depending on the needs of the borrower.
Salary loan
For loan applicants who are currently employed, their salaries can be the basis of the loan approval for a salary loan. The amount and terms to be approved will be based on the monthly salary that the borrower is receiving.
Loan Features
Loan Amount: Php10,000 to Php150,000
Loan Term: 3 months to 18 months
SSS loan
SSS pensioners are able to apply for a loan with GlobeWest Finance and avail of the following loan features:
Loan Features
Loan Amount: depends on monthly pension
Loan Term: 3 months to 18 months
OFW loan
Being an Overseas Filipino Worker (OFW) can be very challenging. Being away from your loved ones and not being able to help them when they need help can be an added stress. The good thing about GlobeWest Finance is that they offer the OFW Loan to family members who receive the remittance.
The loan amount and other terms will depend upon the monthly allotment and contract of the OFW.
Quick loan
Quick Loans are designed to address the immediate financing concerns of borrowers. This type of loan is just the same as the salary loan but does not need a co-maker to apply.
Loan Features
Loan Amount: Php25,000 to Php30,000
Loan Term: 3 to 6 months
Doctor’s loan
Licenses and practicing doctors who wish to purchase medical equipment and cover medical expenses but need additional funding will be able to cover their expenses through this loan.
Loan Features
Loan Amount: Php10,000 to Php300,000
Loan Term: 3 months to 18 months
Visa Processing loan
Many Filipinos dream of studying and working abroad. However, this means that they have to put up a huge amount upfront to realize this dream. The good thing is that GlobeWest Finance helps many Filipinos in coming up with the needed fund to do so. Those who will be approved of a loan can borrow as much as Php2,000,000 for their visa application processes.
Micro Loan
When someone requires immediate money for an emergency that will not need a huge amount, applying for a Micro Loan will make the most sense. Payable within just 3 months to 6 months, a borrower will be able to apply an amount between Php,5000 to Php15,000.
Business Loans
Businesses who wish to generate more working capital, grow their operations or purchase additional equipment or vehicle can apply for a business loan and borrow an amount from Php100,000 to Php1,000,000. The terms of the loan will depend upon the credit evaluation.
Check Discounting
For companies that need immediate access to cash, they can encash their Post-Dated Checks (PDCs). There should be no reason for companies to hold up their operational working requirements when they are able to do so through PDCs.
Receivable Discounting
Receivable Discounting is one method for businesses to generate cash through sales made on credit as evidenced by a Purchase Order (PO).
Why Choose GlobeWest Finance
Some Filipinos are still hesitant when it comes to applying for loans from NBFCs, believing that they charge higher interest rates as compared to traditional banks. However, they will be surprised to know that GlobeWest offers loan terms according to the credit evaluation of the borrowers. This is just one of the reasons why Filipinos should choose GlobeWest Finance. Here are the other reasons why:
They Have Branches Nationwide
Even if GlobeWest Finance offers loans that can be applied for online or through the phone, borrowers who find it more convenient for them to apply in person will be able to do so through their many branches nationwide. They have many branches scattered across the major cities in the Philippines including Metro Manila, Cebu, Bacolod, Davao, Dumaguete City, Iloilo City, and Cagayan de Oro City.
To view the addresses of these branches, they can visit the website and check it under “Contact Us”.
Convenient Loan Application Process
GlobeWest Finance ensures that borrowers will have the ease of applying for a loan through the different application methods available: online, via phone, or through branch applications. Through this, borrowers have the ease of opting for a method that they are most comfortable with and suits their work schedules. After all, not every borrower will have the time to travel, wait in line, and follow up their applications in person.
Rewards Clients with Good Credit History
GlobeWest Finance values its customers so much that they offer credit benefits such as interest discounts, higher loan amounts, and rebates when clients pay for their loan payments on time. In addition to that, they also have a program where existing customers can get a cash reward when they refer GlobeWest Finance to their friends.
It is also important for customers to feel that their promptness in making payments do not go unnoticed.
Loan Terms Consistent with Credit Evaluation of Borrowers
Some financial institutions that offer loan products have fixed loan terms for each. Though this may not be necessarily disadvantageous to borrowers, having access to loan products that provides terms equivalent to the credit evaluation of the borrower can be more convenient. For those who have the means and have maintained excellent credit history will be able to receive the most advantage. This is why GlobeWest proves to be the leading financial company when it comes to offering the best terms to their clients.
How to Sign Up
There are three different ways for borrowers to apply for a loan with GlobeWest Finance. They are Online Applications, Phone Applications, and Branch Applications. Below details the steps of how a borrower can apply for a loan through the different methods.
Online Application
Here are the steps for applying for a loan online:
Customers should visit the GlobeWest Finance website and click on “Apply Now” located on top of the home page. After that, they can click on “Fill out Application Form” to begin the loan application process.
The borrower should mark their client status with GlobeWest finance and choose whether they are a new loan applicant or they want a re-loan.
In the next step, the borrower is required to provide their desired loan amount, contact information, income details, and the type of collateral (if applicable). It is very important for borrowers to be as accurate as possible with this information because a verification process will follow after the loan application is submitted.
Once all the information is provided, the borrower can digitally sign and submit their loan application.
Once the application is successfully submitted, they must wait for one of GlobeWest Finance’s loan agents to call them for a pre-qualifying phone interview. For faster loan processing, borrowers can submit their company ID, a sketch of their home address, and a copy of the latest 1 month’s payslip to [email protected].
Phone Application
Borrowers who prefer to apply for a loan online can follow these steps:
Call GlobeWest Finance through any of their contact numbers at 0917 422 5158 or 0939 303 5158 and complete the pre-qualifying phone interview.
Once done, the borrower may proceed to fill out the loan application form in the branch nearest them.
Submission all of the requirements needed.
Pass the Final Evaluation.
Wait for the loan approval and receipt of the loan proceeds.
Branch Application
Some borrowers are more comfortable dealing with GlobeWest Finance’s personnel directly. To do this, they can follow the following steps for branch applications:
Visit the branch nearest you and personally fill out the loan application form in the branch.
Complete the pre-qualifying interview after the loan application is submitted.
Prepare the requirements needed for the loan approval and submit them completely to avoid delays in the application process.
Pass the final evaluation of the loan requirement and await the loan approval.
Frequently asked questions
What is the loan amount that borrowers can be applied for?
What are the interest rates?
How long does the loan application process take?
How will borrowers know if the loan application is approved?
How can borrowers repay the loan amortization?
Will there be any rebates for early settlement of loan accounts?
Conclusion
The financial challenges that every Filipino family face is not an uncommon scenario. People have financial goals they wish to achieve, or there could also be medical emergencies that need to be addressed right away. Whatever the situation may be, it is normal for Filipinos to look for access to the best financial products that can help them address their financial needs.
GlobeWest Finance provides the best solutions to the financial needs of every Filipino. With the simple documentation requirements, fast loan processing, and favorable loan terms, those who need money fast no longer have to resort to loan sharks. They can approach GlobeWest finance directly either through phone, branch or online loan applications.
Piggyy
״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
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