Review of ACOM Loan: Eligibility, Application Process, and Key Features

financial emergencies can arise unexpectedly, leaving individuals in need of immediate funds. ACOM Consumer Finance Corporation presents a solution with its ACOM Loan, a quick and accessible financial product designed to provide borrowers with the necessary funds in a timely manner. This review will delve into the various aspects of ACOM Loan, including its pros and cons, eligibility requirements, application process, key features, and alternatives.

Pros and Cons of ACOM Loan


  • Fast Approval: One of the standout features of ACOM Loan is its swift approval process. In many cases, borrowers can receive approval within a day, making it ideal for urgent financial needs.
  • No Collateral or Co-Maker Required: Unlike traditional loans that often require collateral or a co-maker, ACOM Loan eliminates this necessity, simplifying the application process.
  • Easy Monthly Repayments: ACOM Loan offers flexibility in repayments, allowing borrowers to make payments before the due date and even pay more than the required installment, facilitating better financial management.
  • Flexible Terms: With repayment terms ranging from six to ten months, borrowers have the flexibility to choose a period that aligns with their financial capabilities.
  • Increasing Loan Coverage: ACOM Loan offers the potential for borrowers to increase their credit limit up to ₱500,000 based on their credit evaluation and payment history, providing greater financial flexibility.
  • Competitive Interest Rates: ACOM Loan features competitive interest rates ranging from 3.315% to 4.563%, making it a cost-effective borrowing option compared to other lending institutions.
  • Multi-Purpose Use: Borrowers can utilize the loan proceeds for various purposes, including education expenses, business funding, home renovations, or travel expenses, catering to diverse financial needs.


  • Interest Costs: While ACOM Loan offers competitive interest rates, borrowers should be mindful of the overall interest costs incurred over the loan’s duration.
  • Eligibility Requirements: Borrowers must meet specific eligibility criteria, including Filipino citizenship, stable employment for at least three months, and a minimum monthly income of ₱7,000, potentially limiting access for some individuals.
  • Fees: ACOM Loan entails one-time processing fees of ₱1,000 and a lending fee of ₱500, which are non-refundable once the loan is processed. Additionally, late payment charges of ₱500 per month apply, necessitating timely repayments to avoid additional fees.
  • Credit Evaluation: Loan amount and credit limit are determined by the borrower’s credit evaluation, potentially restricting access for individuals with poor credit history.
  • Limited Geographical Availability: ACOM Loan services may be primarily concentrated in Luzon, posing challenges for individuals residing in other regions to access in-person services.

Key Points

Features Details
Interest rate Ranges from 3.315% to 4.563%
Loan Amount Up to ₱500,000 (initial limit may vary)
Loan Tenure 6 to 10 months
Approval Time Typically within one day (subject to credit evaluation)
Processing Fee One-time charge of ₱1,000 as a processing fee

What is ACOM?

ACOM Consumer Finance Corporation, a subsidiary of ACOM Co., Ltd., a Japanese company established in 1978, specializes in offering fast cash loans and other financial products in the Philippines. Registered with the Securities and Exchange Commission (SEC) in the Philippines, ACOM operates as a legitimate and regulated financial institution, providing various lending and financing services to meet the borrowing needs of Filipinos.

Loans provided by ACOM


The REVOMAX Loan, an online loan product by ACOM, features low interest rates, extended repayment periods, and the potential for an increasing credit limit based on credit assessment. Borrowers can initially borrow amounts ranging from ₱3,500 to ₱500,000, with the flexibility to access additional amounts within their credit limit during the repayment period, making it a revolving loan.

Fast Cash Loan

ACOM offers fast cash loans with quick approval and disbursement, catering to borrowers’ immediate financial needs.

Personal Loans

ACOM provides personal loans, typically unsecured, suitable for various purposes such as debt consolidation, home improvement, or travel.

Salary Loans

Salary loans target employed individuals, requiring stable employment and specific income criteria for eligibility.

Multi-Purpose Loans

ACOM’s loans serve diverse purposes, including education expenses, business funding, home renovations, or travel, meeting various financial needs.

Best Online Loans Similar to ACOM

To provide borrowers with alternatives, we present a curated list of premier online loan services in the Philippines akin to ACOM, offering various loan amounts, interest rates, and loan terms for comparison.

Company Loan Amount (PHP) Interest Rate Loan Term
Digido 1,000 – 25,000 From 0% to 11.9% Up to 30 days
MoneyCat 500 – 20,000 Up to 11.9% per month Up to 180 days
Kviku 500 – 25,000 1.2% per month Up to 180 days
Cashspace 1000 – 25,000 1.3% per month 2 – 4 months

Interest Rate for ACOM

ACOM Loan’s interest rates range from 3.315% to 4.563%, competitively positioned compared to other lending institutions, subject to credit evaluation and borrower-specific factors.

ACOM Cash Loan Requirements

ACOM sets specific requirements for cash loans, including Filipino citizenship, age criteria, employment duration, minimum monthly income, and provision of necessary documents such as government-issued IDs and proof of employment and Tax Identification Number (TIN).

How Do You Get Approved for ACOM Loan?

The approval process involves meeting eligibility criteria, gathering required documents, applying online or in person, submitting the application, awaiting approval, receiving approval notification, reviewing and signing the agreement, receiving funds, and ensuring timely repayments.

IDs accepted by ACOM

ACOM accepts various government-issued IDs, including Philippine Passport, UMID, PhilSys ID, Driver’s License, SSS ID, and other recognized IDs, for loan application and verification purposes.

How Can You Repay a Loan in ACOM?

ACOM offers multiple repayment methods, including Bayad Center, 7-Eleven, GCash, Maya, ShopeePay, and Lazada Wallet, catering to borrowers’ convenience.

Exclusive Features of ACOM Loan

ACOM Loan distinguishes itself with exclusive features such as fast approval, no collateral requirement, easy monthly repayments, flexible terms, increasing loan coverage, competitive interest rates, and multi-purpose use, providing borrowers with financial flexibility.

ACOM Customer Support

ACOM offers various customer support options, including a customer service hotline, email contact, social media presence, branch and booth locations, official website access, and a mobile app, ensuring accessibility and assistance for borrowers.

Whom ACOM Loan Suits Better?

ACOM Loan is suitable for various individuals and scenarios, including those requiring quick funds, lacking collateral or co-makers, seeking flexibility in repayments, aiming for an increasing credit limit, looking for competitive interest rates, having diverse financial needs, maintaining stable employment, and preferring online application options.

FAQs about ACOM Loan

  1. Is ACOM Loan legal in the Philippines? Yes, ACOM loans are fully compliant with Philippine laws. ACOM is a reputable financial institution registered with the Securities and Exchange Commission (SEC) of the Philippines. It operates within the framework of the Financing Company Act of 1998, ensuring its legitimacy. Being a registered entity, ACOM is authorized to offer various loan products and financial services to Filipino consumers. Its operations are closely monitored by regulatory bodies to ensure adherence to the country’s financial regulations.
  2. Can I Make Advance Payments on my ACOM Loan? Yes, making advance payments on your ACOM loan is generally permissible. ACOM provides borrowers with the flexibility to settle payments ahead of the scheduled due date and even exceed the required installment amount. Opting for advance payments can facilitate the reduction of your outstanding loan balance and potentially lower your interest expenses. However, it’s recommended to verify the specific terms and conditions regarding advance payments directly with ACOM. Policies may vary based on individual loan agreements and products.
  3. How Can I Update Information with ACOM? To update personal information or modify details related to your loan account with ACOM, please reach out to their customer support team or visit their official website for precise guidance. They will assist you through the necessary steps to facilitate changes or updates to your information. Be prepared to provide updated documentation and undergo identity verification procedures as part of the process. Adhering to ACOM’s official procedures ensures the accuracy and security of your updated information.
  4. What Is the Maximum Credit Limit for ACOM Loan? The highest credit limit available for an ACOM loan can be up to ₱500,000.

Acom Competitors

Company Loan Amount (PHP) Interest Rate Loan Term
Digido 1,000 – 25,000 0% to 11.9% Up to 30 days
MoneyCat 500 – 20,000 Up to 11.9% per month Up to 180 days
CashMart 3,000 – 150,000 0.8% to 3.5% Up to 6 months
EasyCash 5,000 – 25,000 0.33% – 1% 1 to 300 days
Crezu 1,000 – 25,000 1.5% per month to 30% 3 to 12 months
CashMe 2,000 – 20,000 0.08% per day Up to 3 months
Blend 50,000 – 2 million 1.5% to 3% monthly Up to 36 months
Binixo 2,000 – 30,000 1% per day 7 to 30 days
Asteria Lending Inc 2,000 – 50,000 0.2% per day 30 to 120 days
Loanmoto 1,000 – 12,000 4% – 6% per month
Finbro 1,000 – 50,000 0.5% – 1.25% per day Up to 12 months
Kviku 500 – 25,000 1.2% per month Up to 180 days
PesoQ 5,000 – 20,000 4% – 6% per month 91 – 365 days
GCash 5,000 – 25,000 3% to 15% 15 to 90 days
CashBee 2,000 – 20,000 0.3% daily 30 to 120 days
Revi Credit Philippines 1,000 – 250,000 1% – 5% 6 to 36 months
Tala 1,000 – 25,000 15% – 15.7% 15 to 61 days
OKPeso Up to 24% 96 to 365 days
Vamo 1,000 – 30,000 From 1.3% 10 to 3000 days
Flexi Finance Up to 25,000 365 to 1460 days
JuanHand Up to 50,000 14.7% per month 14 to 90 days
Moca Moca 2,000 – 35,000 0.83% per month 180 to 365 days
RoboCash 1,000 – 25,000 0% to 11.9% Up to 30 days

In conclusion, ACOM Loan presents a viable financial solution with its swift approval process, flexible terms, and competitive interest rates. However, borrowers should assess their financial situation, eligibility, and repayment capability before availing the loan. For further inquiries and assistance, individuals can contact ACOM through their available customer support channels or visit their official website for detailed information.

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