Commercial Loans Philippines | Personal Loans Philippines | ALGO

Purchase much needed equipment without breaking the bank with ALGO's flexible leasing plans.

Get proper finance advice from the experts at ALGO Leasing and Finance.

Apply for commercial loans for your business in the Philippines today at ALGO Leasing and Finance.

Pursue your dreams of being a doctor without worrying about the costs with ALGO's doctor's loan for students in the Philippines.

Pay off emergency costs immediately with ALGO's financing plans for consumer's loans in the Philippines.

Get quick cash fast and easy with ALGO Leasing and Finance's personal loans in the Philippines.
Apply for the best loans in the Philippines only at ALGO Leasing and Finance.
Truth and Transparency in Lending Act. 

Truth and Transparency in Lending

Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)

The State protects its citizens from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

  1. Total amount to be financed
  2. Finance Charges and all other charges incident to the loan
  3. Net proceeds of the loan
  4. Schedule of Payments
  5. The percentage that the finance charge bears to the total amount to be financed expressed as an Effective Interest Rate (EIR)

Important Notice: The borrower has a right to demand a copy of the disclosure statement.