Vidalia

About company

Vidalia is a credit and financial institution that provides loans on mutually beneficial terms.  The company began its activities in October 2008 in the Philippines. Since then, Vidalia has been helping people in short-term financing every day. Among the most common services are personal loans, salary loans and loans for small businesses.

The peculiarity of the organization lies in the system of equal lending. This is a modern financial technology, characterized by the absence of a traditional intermediary. The company's activities are limited to finding borrowers and investors. This scheme allows Videlia to set the interest rate lower than the bank, and people to help each other by investing in loans. In 2019, borrowers receive loans ranging from 5 000 to 500 000 pounds sterling. The loan repayment period starts from 3 and ends 12 months later. Interest rate varies from 4% to 6%.

Lite loan

Rates:  15% per month
Minimum loan amount: 2 000 PHP
Maximum loan amount: 15 000 PHP
Payment terms: up to 12 months
Approval time: up to 24 hours

Personal loan

Rates:  6% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 2-12 months
Approval time: up to 24 hours

Salary loan

Rates:  6% per month
Minimum loan amount: 20 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: 2-12 months
Approval time: up to 24 hours

Small business loan

Rates:  5% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: 2-12 months
Approval time: 3-5 banking days

Business loan

Rates:  4% per month
Minimum loan amount: 100 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 2-12 months
Approval time: 3-5 banking days

Borrower requirements

Eligibility: 
- At least 20 years old at the time of application but not more than 60 years old upon loan maturity
- Must be a Filipino Citizen
- Minimum gross monthly income for "Small business loan" & "Personal loan"- 20 000 PHP
- Minimum gross monthly income for "Business loan" - 50 000 PHP
Requirements:
- Two(2) valid IDs (Company ID, Passport, Driver's License, SSS/GSIS)
- Proof of Billing (electricity, water, landline)
- Photocopy of Latest Business/Mayor’s Permit
- Photocopy of Latest three (3) Months Bank Statement (under Business and/or Personal Account)
For Business loan:
- Photocopy of DTI Permit / SEC Registration with GIS
- Photocopy of Latest Business/Mayor’s Permit
- Latest ITR with Audited Financial Statement
- 3 Trade Reference or list of Suppliers/Clients
- Utility Bill (under client’s present home address)

How to get a loan in the company

It's easy to get a loan in Vidalia. To do this, go to the home page of the company's website, fill out an online application form and wait for a response.

Step 1. Submitting an application

At this stage you need to fill out a questionnaire about yourself. Questions should include information on the type of employment, income and other personal information.

Step 2. Waiting for a response

Not later than 24 hours after the application form, the team of the financial center will contact the borrower. Here is the process of discussing the questionnaire. A qualified specialist will assess the creditworthiness and give an answer. If the loan is approved, some more personal information will be required.

Step 3. Signing the documents

After approval of the loan, the parties need to discuss the terms and ways of repayment of the loan. It takes place in the official office of Vidalia, which is open every weekday. There the parties sign a contract, and the borrower receives a check.

The advantages of service

It’s easy to answer how convenient and functional online applications are. First, it saves time. Customers do not have to queue up or be on the phone for a long time. It is enough to spend 10 minutes to fill out personal information. Then the employee of the company will contact you.

Second, transparency. The site contains all the information about the legality of the activity. It is available and set out in plain language.

Third, the service. All Vidalia specialists are decent, sociable and highly qualified. They will certainly discuss and explain all the nuances of the transaction.

Why you should choose this company

For ten years of active work, Vidalia has successfully established itself in the Philippine financial market. Today, the company has more than 16 000 happy borrowers and more than 500 loan investors.

Why do creditors choose the company so often?

• Low interest rate. Compared to other banking institutions, Vidalia has a record low interest rate. That's only 4-6% per month.
• Convenience. It is as easy as possible to apply online. No need to stand in queues or wait a few days. Everything is quick and easy!
• No prepayment. Another great advantage. The loan can be repaid at any time without penalties.

Safety. Vidalia works exclusively within the law. All personal data is protected and not given to anyone.

How is Vidalia useful for investors?

• Guaranteed income. You can get money through a local bank deposit, bank transfer or bank check. Also, money can flow directly to your personal account.
• Income up to 18% per annum. As practice shows, on average, all investors of the organization receive up to 18% per annum!
• Opportunity for small investments. You can start to increase your profit with only 5 000 pounds sterling.
• Safety. Vidalia guarantees a refund, even if the loan has been deemed as ineffective or the borrower failed to meet his obligations.

How to return a loan

When the parties sign a contract, the borrower receives a check with the date. Using this check, the loan is paid. Monthly or every two months.  Minimum and maximum limits for the provision of a loan for the term - from three months to a year.

You can also pay off the debt through a deposit. After its creation payment is made through deposit banks. Another way is through a company collector on a daily or weekly basis at the discretion.

If the client feels that he will not be able to pay the amount of money within the specified time, it is important to inform the organization in advance. Then Vidalia will review the contract and will do everything possible to find a suitable payment schedule. 

In the absence of payment and notification of this - the company will charge a penalty, which is prescribed in the contract.

Offline offices of the company

Contact the financial organization "Vidalia" is possible not only via the Internet. The company's head office is located in the Philippines at Summit One Tower Unit 601 33rd Floor, 530 Shaw Blvd, Mandaluyong, 1552 Metro Manila. Work schedule from Monday to Friday from 8 a.m. to 5 p.m. Before the visit, be sure to call the office and make an appointment.