Consumer finance company SB Finance Corp. said Monday it teamed up with e-commerce company Lazada to provide Filipino sellers with multi-purpose loans of up to P500,000 to help expand their 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 through a hassle-free application and with 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 three banking days.
“When the pandemic hit the Philippines, many small businesses had to pivot, close their physical stores and move to e-commerce channels. With the shift of consumer behavior to online shopping, the demand for e-commerce business expanded. Through our partnership with Lazada, we hope to help sellers gain more access to capital to grow their business and bounce back from the economic effects of the pandemic,” said SB Finance president and chief executive Abbie Casanova.
