ACOM Consumer Finance Corporation

Acom stands out as one of the Philippines’ largest and most reputable consumer finance companies. It was a pioneer in introducing an automated loan application system and has since become a key partner of MasterCard International, which is also the principal shareholder with over 40% of Acom’s shares.

Is ACOM Legitimate?

In the Philippines, all financial entities must obtain the necessary legal permissions to operate, as mandated by the Securities and Exchange Commission (SEC). You can verify the legitimacy of financial companies through the SEC’s official website at sec.gov.ph.

Our investigation confirmed that ACOM is listed under the “List of Online Lending Platforms” on the SEC website, indicating it is a legally compliant and trustworthy company. Here are the details:

• Company Name: ACOM Consumer Finance Corporation
• Registration No.: CS201724897
• Certificate of Authority: 1140
• Online Lending Applications: Lightico

ACOM’s presence on the SEC’s list of registered organizations confirms its legal operations in the Philippines, having passed all necessary inspections by the regulatory authority. Therefore, if you’re considering the Acom lending app and questioning its legitimacy, rest assured that Acom operates legally, and its mobile apps are also in compliance with legal standards. Reviews of Acom Consumer Finance Corporation are predominantly positive, reflecting its status as a trusted financial service provider.

Acom Loan Types

Acom offers a variety of loan types to help you meet your financial needs. Whether you’re looking for a personal loan, car loan, home loan, or business loan, Acom has the perfect solution for you. With competitive interest rates and flexible repayment terms, it can help you get the funds you need fast.

• Personal Loans – Acom’s personal loans can be used for a variety of purposes, including debt consolidation, home improvements, large purchases, and more.
• Car Loans – are perfect for those looking to purchase a new or used vehicle.
• Home Loans – perfect for those looking to purchase a new or existing home. They offers competitive interest rates and flexible repayment terms. Plus, Acom home loans come with the added benefit of potential tax deductions.
• Business Loans – Acom business loans are perfect for businesses of all sizes.
• Credit Cards – the perfect way to manage your finances and make purchases. Acom offers a variety of credit cards with competitive interest rates and rewards programs. You can also take advantage of Acom’s exclusive cash back reward program.
• Investment Products – a variety of investment products to help you reach your financial goals. Acom offers competitive fees and a wide selection of investment products. From stocks and bonds to mutual funds and ETFs, Acom has the perfect solution for your investing needs.

When it comes to products and services to help you make the most of your money, Acom Consumer Finance Corporation is the premier provider. With competitive interest rates and flexible repayment terms, it has the perfect solution for you. Whether you’re looking for a loan, credit card, or investment product, Acom has the perfect solution for you.

Fees and Charges

Acom consumer finance accounts come with a variety of fees and charges. The most common are setup fees, transaction fees, and late payment fees.

Setup fees are charged when you first open a consumer finance account with Acom. This fee covers the cost of setting up the account, such as processing the paperwork and setting up the account in our system.

Transaction fees are charged for each purchase or cash advance you make on your account. The amount of the fee varies depending on the type of purchase or cash advance and the amount of the transaction.

Late payment fees are charged when you do not make a payment when it is due. The amount of the fee will depend on the amount of the payment and the number of days that pass before the payment is made.

Interest Rates

Acom consumer finance accounts are subject to interest rates. Interest rates are charged on all balances, as well as on any cash advances you make. Interest rates can vary depending on your creditworthiness, the type of loan (fixed rate or variable rate), and the amount of the loan.

Penalty Fees

In addition to interest rates, Acom consumer finance accounts are subject to penalty fees, which are charged if you fail to make a payment on time or if your account is closed due to default. The amount of the penalty fee depends on the amount of the payment and the number of days that pass before the payment is made.

Service Fees

Acom also charges service fees for certain services, such as account maintenance, account upgrades, and customer service. The amount of the service fee will depend on the service and the amount of the service.

We hope this review of fees, charges, interest rates, and penalty fees has been helpful to you. If you have any questions or concerns, please contact our customer service team. We are here to help!

Pros and cons of Acom

The Acom Consumer Finance Corporation has been providing consumers with financial services for over 40 years. Acom’s services are designed to help individuals and businesses manage their finances and make informed decisions about their money.

Acom offers a range of products to meet different needs, including personal loans, credit cards, and business loans. Acom also provides a variety of services, such as account management, financial planning, and debt consolidation.

Overall, Acom has a lot to offer to consumers. It has a wide variety of products and services, competitive rates, and excellent customer service. However, there are some downsides to consider.

One of the biggest drawbacks of Acom is that it is only available in certain states. It may not be available in your area, which could be inconvenient. Additionally, there are some fees and restrictions associated with certain products and services.

In conclusion, Acom is a great option for individuals and businesses looking for a reliable financial services provider. It offers competitive rates, a wide range of products and services, and excellent customer service. However, it is important to consider the potential drawbacks before making a decision. By weighing the pros and cons, you can make the best decision for your financial situation.