Billease has signed a PHP 1-billion credit facility with Philippine National Bank (PNB), one of the country’s largest universal banks.

The facility uses the Personal Property Security Registry (PPSR) to give PNB a registered first-rank claim over a pool of Billease’s consumer loan receivables.

Under the structure, Billease pledges more in loans than it borrows, the collateral pool is refreshed regularly, and PNB is paid first when customers repay.

This keeps the facility over-collateralised throughout its term.

“Billease has demonstrated strong portfolio quality across different market cycles,” said Roberto F. Abastillas, Executive Vice President and Head of Institutional Banking Sector at PNB. “This track record gave us confidence to establish this relationship at a meaningful scale.”

Billease reported FY2025 revenue of PHP 8.7 billion, up more than 80%, with net profit of PHP 782 million, its third consecutive profitable year.

Its gross loan book grew more than 77% to about PHP 12.5 billion, and total assets reached PHP 13.7 billion. The platform now onboards more than 200,000 new customers and disburses over PHP 5 billion monthly.

As of December 31, 2025, Billease held about PHP 6.4 billion in total equity against PHP 7.1 billion in borrowings, a debt-to-equity ratio of roughly 1x, giving it headroom for facilities like this one.

“PNB coming on board is a strong signal, it says the largest institutions in the market are ready to fund this kind of lending when it is done with discipline,” said Georg Steiger, co-founder and CEO of Billease.

The facility adds to Billease’s roster of local and international lenders, following its acquisition of a rural bank as it expands into banking.

Featured image: Edited by Fintech News Philippines based on an image by Billease via its Press Release.