Is Online Loans Pilipinas (OLP) Legit or Not?

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Is Online Loans Pilipinas (OLP) Legitimate? When considering financial services in the Philippines, it is crucial to ensure the legitimacy of the chosen company. The legal framework mandates that any financial institution operating in the country must obtain the necessary permissions, a process overseen by the Securities and Exchange Commission (SEC). The SEC is responsible for assessing and authorizing financial entities, and a reliable source to verify this information is the official SEC website at sec.gov.ph.

To assist consumers in making informed decisions, the SEC maintains two essential lists: the “List of Lending Companies with Certificate of Authority” and the “List of Financing Companies with Certificate of Authority.” These lists serve as a comprehensive guide to trustworthy financial institutions that have undergone scrutiny and received the necessary approvals.

A recent examination of Online Loans Pilipinas (OLP) reveals its legitimacy, as the company is listed in the “List of Financing Companies” on the SEC’s official website. The pertinent details are as follows:

  • Number: 489
  • Financing Company Name: ONLINE LOANS PILIPINAS FINANCING INC. (FORMERLY: MAGIC WORLD TECHNOLOGIES INC.)
  • Registration No.: CS201726430
  • Certificate of Authority: 1181
  • Anniversary Date: 08-09-2017

Online Loans Pilipinas is clearly identified as ONLINE LOANS PILIPINAS FINANCING INC., previously known as MAGIC WORLD TECHNOLOGIES INC. The company’s registration number is CS201726430, and it holds Certificate of Authority number 1181, indicating its compliance with regulatory standards. The anniversary date of 08-09-2017 further attests to its established presence in the financial landscape.

This comprehensive review and verification of Online Loans Pilipinas through the SEC’s official records provide assurance regarding the company’s legitimacy. Prospective clients can rely on this information to make informed decisions when engaging with financial services in the Philippines, ensuring a secure and trustworthy financial experience.

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mr.cash loan Changed status to publish December 6, 2023