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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

AEON

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About lender

AEON Credit Service Inc. is a financing company founded in the Philippines in February 2013. Through its expanding sales partners and branch stores, AEON provides Philippines residents with a credit line to purchase consumer goods without a credit card.

AEON Credit is a fully owned subsidiary of AFS Corporation Co. Ltd. (AFSC), under the aegis of AEON Bank and wholly owned by AEON Financial Service Co., Ltd. (AFS), which is listed on the Tokyo stock exchange's first section. The company started off by offering installment loans to the unbanked population of the Philippines, which includes individuals with limited access to financial services. Soon after, the company started offering other products like vehicle loans, personal loans, and tricycle loans.

Pros and cons

If you're having financial difficulties, requesting a loan from AEON may be advantageous. However, it is critical to educate oneself on all the benefits and drawbacks.

Pros

  • AEON offers quick approval loans which are processed within 24 hours.
  • Consumer products offered by AEON credit services require less documentation for approval.
  • The company offers easy loan finance with 0% to 20% down payment.

Cons

  • Many app users report that the software frequently crashes or fails to function, which makes it impossible to apply for a loan.
  • Many AEON borrowers express dissatisfaction with the difficulty in contacting loan officers.
  • According to some debtors, AEON continues to demand payment even after the loan has been fully paid.

Loan conditions

AEON is a cash loan company that provides loans online or in person. To qualify for a loan, the borrower should be a Filipino who lives in the Philippines. Their age must be between 18 and 60 years. They must have an active job or receive remittance from a relative from the last 6 months. If they meet these criteria, they can borrow anything between ₱5,000 and ₱150,000 with an AEON cash loan.

If the applicant is employed, then the minimum gross income should be ₱15,000 a month, while for a self-employed individual the requirement is ₱30,000 a month. The monthly interest rate for an AEON personal loan is 2%. The period of an AEON installment loan might range from 6 to 12 months. In addition to the loan amount and interest, there is a ₱1,000 processing fee, which is deducted from the total cash loan amount.

For non-cash loans, the company certifies the price of appliances, electronics, furniture, or other consumer goods.

  • Appliance loan. An applicant can borrow a minimum of ₱2,000 for a term of 6 to 24 months at a rate of 3-5% interest.
  • Gadget loan. An applicant can borrow a minimum of ₱2,000 for 6-24 months at a monthly interest rate of 5%.

Methods of a loan funding

The application approval process is straightforward and takes only a few minutes. All you have to do is fill out an application form and attach the necessary supporting documents. After you complete your application, an AEON personal loan officer will call you to discuss your lending choices. If your loan is approved, you will be notified via an email or SMS that you can get the funds using your preferred method.

The AEON loan application takes 1 to 3 days to complete. Expect a call from an AEON representative to confirm that you are who you say you are. Once you've been authorized for an AEON loan, you'll be able to collect the funds by visiting the AEON office and picking up a cheque.

AEON

FAQ

What is AEON Credit Service?

AEON Credit Service Inc. is a lender that specializes in consumer short-term loans. Since its inception in 2013, AEON has been offering consumer installment plans. Home appliances, electronic devices, and furnishings can all be purchased in convenient payments. Personal loans are also available from AEON.

Who owns AEON?

AEON Credit Service is a wholly-owned subsidiary of AFS Corporation Co., Ltd. (AFSC), a bank holding company under the umbrella of AEON Bank.

Is AEON a legitimate company?

Yes. On February 14, 2013, AEON Credit was officially registered with the Securities and Exchange Commission. It holds a Certificate of Authority from the Philippines to function as a lending firm.

Company documents

Terms and Conditions
Privacy Policy

ÆON Credit believes in empowering the customers by providing appropriate financial services to improve their lives.

© ÆON Credit Service (Philippines) Inc.

AEON available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
  • BARMM
AEON available areas

Financial products

AEON
Appliances loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from 2000
Rate
i

Effective interest rate on the product

up to 3.5% per month
Term
i

Loan term for the financial product

6 - 24 months
AEON
Gadget loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from 2000
Rate
i

Effective interest rate on the product

up to 5% per month
Term
i

Loan term for the financial product

6 - 24 months
AEON
Personal loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
6000 - 150000
Rate
i

Effective interest rate on the product

up to 2.95% per month
Term
i

Loan term for the financial product

6 - 12 months

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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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650
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₱20000
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Effective interest rate on the product

11,9% per month
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6 months
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

AEON loans calculator

Calculate loan payments in AEON. Loans calculator will allow you to calculate an approximate payment schedule for the loan

AEON calculator
Interest rates are given in accordance with the rates of the AEON in Manila as of 04.12.2022
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What to pay attention to when applying for a loan at AEON?

Recommendations

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