Membership Qualifications

Be licensed by the Securities and Exchange Commission (SEC) to operate as a financing, leasing, lending, or related financial institution

Have at least one (1) year of operations

Meet the minimum paid-up capital requirements prescribed by law

Have no adverse findings with CMAP, BAP, LOANDEX, Credit Information Corporation(CIC), SEC, or the National Privacy Commission (NPC)

Be compliant with SEC regulations on fair debt collection practices and data privacy requirements

Be duly registered and compliant with the Credit Information Corporation (CIC)

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Application Form

Membership Requirements

Applicants are required to submit the following:
  1. Accomplished Membership Application Form
  2. Company Profile
  3. SEC Registration Documents
  4. Certified True Copy of SEC License
  5. Articles of Incorporation and By-Laws
  6. Latest General Information Sheet (GIS)
  7. Latest Income Tax Return (ITR)
  8. SEC Certificate of No Derogatory Information
  9. Organization Chart
  10. Biodata of Principal Shareholders, Directors, and Officers
  11. Compliance documents related to SEC circulars and regulations
  12. Other supporting documents required by the Membership Committee

Membership Process

Entrance Fee (One-Time)

Php 20,000

Annual Corporate Membership Fee

Php 18,000

Membership Process

  • Submit the accomplished application form and documentary requirements

  • Undergo evaluation and verification by the Membership Committee

  • Await approval by the PFA Board of Directors

  • Attend orientation and onboarding upon approval