What does FinQuest
Solve?
Get the best loans for your business in our platform
Why use FinQuest
One and done loan applications
File only one application for your loan that is sent to all our lenders at once.
Get the lowest
rate possible
Compare interest rates and
terms from multiple partner lenders
Faster turnaround
time
Get a loan faster by automatically applying to multiple partner lenders at once
Hassle free
experience
Faster loan processing
with documents filed
online
How it works
One application. Multiple Lenders
(pick the most competitive offer)
Why be a FinQuest Lending Partner
Ready access to
potential borrowers:
Choose from a large and consistently flowing pool of leads
Reduce overhead
expense:
No more loan origination cost and business development costs
Easy loan management:
Documents and information stored in a single platform
Faster turnaround times:
Automated workflow to reduce processing costs and time spent
See all Borrowers in One Platform
Frequently Asked Questions
Is FinQuest a Bank or a Financial Institution?
FinQuest is not a bank or Financial Institution. FinQuest functions as a technological marketplace platform to link borrowers and lenders. It’s important to note that our SEC registration explicitly states that we do not engage in any lending activities whatsoever.
For banks and financial institutions, feel free to contact us if you want to become a FinQuest lending partner.
How does FinQuest work?
Prospective borrowers have the opportunity to sign up on our platform. Their application profiles will be promptly shared with all our lending partners, who will assess the applications and extend loan proposals. These potential borrowers will have access to the interest rates and terms presented by our diverse range of lender partners. This empowers them to select the most advantageous option available.
What are the interest rates for your loans?
Unlike other online loan platforms which give out loans at set interest rates, your interest rates at FinQuest will depend on your creditworthiness as a borrower.
Borrowers see the interest rates offered to them by our various lender partners and they can choose the best deal. The more creditworthy you are, the lower the interest rate.
How much does it cost to join the platform?
Enrolling with FinQuest comes at no cost for borrowers, though lenders might impose processing fees for their loans. The positive aspect is that a multitude of lenders are available for selection.
Is FinQuest a peer-to-peer lending platform?
Unlike peer-to-peer lending platforms, FinQuest PH works with vetted banks and financial establishments to provide loans directly to borrowers who have passed their credit requirements, ensuring that all transactions are authentic.
What are the required documents?
Most lenders require a standard set of documents that we ask for. These documents are as follows.
Basic documents for all:
- Business background / Company profile
- Latest 3 years’ Income tax return (ITR)
- Latest 3 years’ financial statements
- List of major customers and suppliers with contact information
- Bank statements (6 months) / photocopy of passbook
- Proof of collateral** If with collateral
Additional documents for Sole proprietorship:
- Certificate of Business registration with DTI
Additional documents for partnership:
- Articles of Partnership
- Certificate of Registration issued by SEC
Additional documents for corporations:
- Articles of Incorporation and by-laws
- Certificate of Registration issued by SEC
- Latest general information sheet (GIS)
Lenders may ask for additional documents as per their internal requirements. We anonymize borrower details until a loan offer is accepted.
How do you protect my Privacy?
Your privacy and the security of your sensitive data are our primary concerns. We ensure this in two ways.
First, when your loan applications are sent to potential lenders, all your project’s information is shared, however, your name and contact details are hidden, until the lenders choose to take on your loan offer, ensuring that you are connecting only with serious lenders.
Second, we adhere to all cybersecurity protocols required by the BSP. Once the loans are accepted, the application and details are completely deleted from our servers, ensuring that copies of your application are not accessible to anyone else.