Consumer finance and buy now, pay later (BNPL) provider Billease has secured a PHP 500 million credit facility from the Philippine Bank of Communications (PBCOM).

The facility will help fund Billease’s peso loan portfolio.

A pool of Billease’s consumer loans backs the facility, with the security interest registered through the Personal Property Security Registry (PPSR).

The PPSR is a central registry for security interests over movable assets, such as receivables, created under the Personal Property Security Act.

Through the registry, lenders hold a registered claim over the assets pledged to them.

A Growing List of Local Lenders

PBCOM joins Philippine National Bank (PNB) and Rizal Commercial Banking Corporation (RCBC) among Billease’s local bank lenders.

In August, PNB extended a PHP 1 billion facility using the same PPSR-backed structure.

A month later, RCBC doubled its facility to PHP 1 billion and added cash management, savings and foreign exchange services.

Billease has said it wants to fund more of its growth through local banks, reducing its reliance on offshore debt and lowering its cost of capital.

In 2025, Security Bank Capital also arranged up to PHP 5 billion in corporate notes for the company.

Revenue Up More than 80%

Billease’s revenue rose more than 80% to PHP 8.7 billion in 2025, while its net profit reached PHP 782 million, the company said.

It is also moving into banking through its acquisition of a rural bank, which is expected to let it offer savings and deposit products and further improve its funding costs, Philippine Daily Inquirer reported.