31 Dec SB Finance offers loans to Lazada sellers

SB Finance Corporation, a subsidiary of Security Bank Corporation, has partnered with e-commerce giant Lazada to provide Filipino marketplace sellers with multi-purpose loans of up to P500,000.

In a statement, the firm said the loan is seen to help grow these businesses and encourage continued economic growth amid the pandemic.

Under the partnership, Lazada micro and official sellers can avail of SB Finance’s multi-purpose loans at a low introductory interest rate of 1.89 percent.

Sellers may avail of up to 12-month payment schemes and can expect funds to be credited to their accounts within 3 banking days.

“When the pandemic hit the Philippines, many small businesses had to pivot, close their physical stores and move to e-commerce channels,” said SB Finance President and CEO Abbie Casanova.

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