About Villarica Pawnshop
Villarica Pawnshop is a Filipino financial company formed as a sole proprietorship in May 1954 by Mrs. Paz R. Villarica, a jeweler from Meycauayan, Bulacan. It originally opened its doors in Quiapo, Manila, where it still operates.
Atty Henry R. Villarica and his wife, Linabelle Ruth R. Villarica, took over the firm, and the Securities and Exchange Commission incorporated Villarica Pawnshop on January 5, 1981. Villarica Pawnshop began as a pawnshop but has now expanded to include a wide range of products and services such as Cash Padala, money changing, bill payment, loading, and cash withdrawal. They have approximately 600 branches around the country and are SEC-registered.
They have devised a credit policy to maximize and deliver complete service to customers and protect their assets while they are under custody. A slew of security measures has been put in place in addition to those mandated by the Bangko Sentral ng Pilipinas, all in the name of better service.
Pros and cons
Villarica pawnshop provides individuals with a decent pawning experience. However, before making your transaction, it is always important to know all the pros and cons of their pawning services.
Pros
- They have one of the highest appraisal rates available.
- Customer service is one of their top concerns.
- Their hallmarks are hospitality and quickness, and their customer service is among the best in the country.
- The pawning services are provided at no cost.
- They offer one of the lowest interest rates available.
Cons
- They do not offer 24/7 customer assistance.
- Their services are only available in person.
Products
Villarica Pawnshop Inc. offers various products and services, including money changing, bill payment, loading, cash withdrawal, pawning, etc.
Pawning
Villarica Pawnshop has one of the nation's highest appraisal rates. There is no charge for an appraisal, and your loan will be approved in less than five minutes. They are a common choice for Filipinos who want to pawn their goods. They also offer very good interest rates with their 4% - 6% monthly rate; the loan term is from 10 days to 120 days, and you can pawn your goods for prices ranging from ₱10,000 to ₱100,000.
To use their service, visit any Villarica Pawnshop location near you, submit the pawning item, and inform customer service how much you want. You will be informed of the appraised value of your item, and you will have the option to accept or reject it. If you accept, fill out the KYC form, sign the pawn ticket, and wait for your money. Once you receive the money, confirm it and keep your ticket secure since you will need it for redemption or renewal.
Cash Padala
You can send money to and from anywhere in the world with Villarica Cash Padala. To send money, visit any Villarica Pawnshop branch closest to you, fill out the form that will be given to you, and present it along with one valid ID and the total amount to send. Give the Control Number to your recipient/beneficiary.
Money changing
The Villarica Pawnshop will exchange your cash for any foreign currency. Exchange rates may differ, but you can find them on the Villarica Pawnshop Facebook page or website. They update the exchange rates regularly, so you are always in the know. The Villarica Pawnshop exchange rates are only indicative and may vary by branch and time of day. For exact prices, visit or call the nearest Villarica Pawnshop branch.
Bills payment
You can pay any of your bills through Villarica Pawnshop, including water, electricity, phone bill, mortgage, insurance, Internet, and more. To see a full list of bills you can pay, please, visit the website of Villarica Pawnshop. Some Villarica Pawnshops are Bayad Centers, so you won't have to stand in line anymore to pay. It's simple and hassle-free.
Cash withdrawal
It is easy to withdraw money using your ATM card at Villarica Pawnshop. All you have to do is take your card to the nearest branch. Then, enter the PIN code and the amount you want to withdraw, and you are done. After completion, you will also receive a printed receipt.
Loading station
Villarica Pawnshop offers this convenient service as well. At any local Villarica Pawnshop, you can buy mobile phone credits for calls, texts, and mobile data. These retailers serve Globe, Smart, Touch Mobile, Sun, Talk N Text, and PLDT.
