Fuse Lending Gcash launch

GCash, Fuse Lending expand lending portfolio with Sakto Loan offers

The financial superapp introduces Sakto Loan, an option for users to borrow small amounts of as low as PHP 100 Financial super app GCash, together with Fuse Lending Inc., introduces GCash Sakto Loans, a nano loan offer that enables GCash users to easily borrow small amounts as ‘pambale,’ as it seeks to provide more Filipinos with access to fair, easy and inclusive loan options without the need for bureaucratic paperwork. A GCash study found that nine out of 10 Filipinos have to borrow money to make ends meet. But with the rigorous loan application process set by formal institutions and banks, more than half resort to borrowing from informal lenders with high interest rates and sometimes abusive collection practices. “Sakto Loans serves as an expansion of our suite of lending options GLoan, GCredit and GGives, which has provided users with a convenient way to borrow money with just a few […]

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SBA x Santos MOA Signing

MOA Signing Between Sterling Bank of Asia and Santos Land Development Corp.

Sterling Bank of Asia signed a Memorandum of Agreement (MOA) with Santos LandDevelopment Corporation (SLDC) to expand its home loan offering to its current andprospective clients in Davao. The MOA signing held at The Ivory Residences marks the officialpartnership of SBA and SLDC. SBA’s First Vice President for Vismin Consumer Lending, Ms. Leila Amante, and Senior VicePresident for Consumer Lending Group, Ms. Mary Rose Mendez, together with SLDC’sChairman, Ms. Nora Morada, and Chief Finance Officer, Ms. Maria Lourdes Estanislao, forgedthe agreement. “We are excited about the recent expansion of partnerships in the Davao region,” said Ms.Amante. ” This partnership with SLDC will allow SBA to offer our current and future clients morehome ownership options,” she added.  The Ivory Residences is the latest addition to the existing home loan offering of Sterling Bank ofAsia under the SLDC projects. The 18-story residential condominium stands steps away frommalls, hospitals, schools, and public offices, making it an excellent […]

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