Vidalia Lending Corp.

Vidalia Lending Corp.

Vidalia Lending Corp. is an established Philippine lending company registered under SEC Registration No. CS200813771 and Certificate of Authority No. 279. Unlike many app-only lenders, Vidalia combines online applications with document verification and traditional loan servicing.

Products offered

Vidalia provides several types of financing:

• personal loans;
• salary loans;
• business loans;
• loans for self-employed customers.

The company generally offers larger amounts and longer repayment periods than short-term payday-loan applications. Borrowers may be required to submit proof of income, employment or business documents, bank statements, and post-dated checks.

Salary loan terms

The published salary-loan conditions include:

• amount from PHP 20,000 to PHP 50,000;
• repayment period from three to 12 months;
• monthly interest rate of approximately 6%;
• processing fee of approximately 5%;
• maximum disclosed APR of about 80.60%.

Applicants are generally expected to be Filipino citizens between 21 and 59 years old, regularly employed, and earning a net monthly income of at least PHP 20,000.

Business loan terms

Vidalia also advertises business loans with:

• amount generally from PHP 20,000 to PHP 500,000;
• repayment period from three to 12 months;
• monthly interest starting at approximately 4%;
• processing fee of approximately 5%;
• maximum disclosed APR of about 54.4%.

The business normally needs to have operated for at least one year. Final conditions depend on the company’s financial assessment.

Contact information

Website:

vidalia.com.ph

Telephone numbers:

(02) 8518-0112
0917 328 4072
0939 927 2375

Office address:

6th Floor, Aster Business Center, Mandala Park, 312 Shaw Boulevard, Mandaluyong City 1550, Philippines

Office hours:

Monday to Friday, 8:00 a.m. to 5:00 p.m.

A current official mobile-store listing could not be confirmed. Applications should be submitted through vidalia.com.ph.