How to get Easy Loan in the Philippines
The need for regular lending is experienced by almost every second inhabitant of the Philippines. Such a need may arise from the desire to buy a new car, make repairs in the house, pay for education or treatment, go on holiday abroad, etc. In any of these situations, you can find a solution. And this decision could be an easy loan. This service ensures that the required amount is received within an hour after the application is submitted.
The advantages of Easy Loans
The advantage of easy online lending is considered the speed of processing the loan. Most financial institutions in the Philippines are ready to issue an easy loan 5-10 minutes after making the corresponding request. To speed up this process, potential borrowers need to prepare a complete package of necessary documents. It is also desirable that the borrower has a positive credit history.
Another advantage of easy lending is the fact that the whole procedure takes place online. Easy cash loan online can be drawn up at home or in the office. The borrower does not have to go to the bank branch and lose time there to fill a lot of papers and stand in a queue.
Easy cash loan online is characterized by its transparency. Philippine financial institutions do not hide commissions or additional payments from their customers. A potential borrower can find out the exact amount of debt repayment before the loan is drawn up. To do this, you should use the loan calculator, which is on the website of any Philippine financial institution.
Calculate how much money you need to borrow
An easy loan Philippines is provided by organizations of different areas. Among the inhabitants of the Philippines services are most in demand
Robocash provides an easy loan Philippines for residents of the Philippines aged from 21 to 70 years. An easy cash loan Philippines is available in the amount of 1 to 25 thousand pesos. The daily interest rate on the loan is 1.65%. Loans from Robocash are drawn up for a period of 7 to 30 days.
Quickpera is ready to lend to its customers for a period of 7 to 35 days. The advantage of the credit products of this organization is a fixed interest rate, which is 1% per day. This feature allows borrowers to easily plan their budget and not worry about a possible increase in debt as a result of a change in interest rates. Easy cash loan Philippines from Quickpera can be repaid in advance without any penalties.
To get a quick loan from Quickpera, a potential borrower must provide:
- certificate of employment;
- salary certificate for the last two months;
- a copy of the first 2 pages of the passport;
- own photo with passport in hand;
- bank account statement with a three-month transaction history.
Pera247 credits residents in the Philippines from the age of 21. Easy loan application Philippines in Pera247 can be submitted only by those potential borrowers who have a permanent job and a stable salary. To obtain a loan, it’s also necessary to provide documents confirming the borrower’s creditworthiness and the stability of his current financial condition.
When submitting an easy loan application Philippines, it is worth knowing that the daily interest rate on loans at this financial institution is 0.83%.
Online Loans Pilipinas
Online Loans Pilipinas is one of the few Philippine microfinance institutions that guarantees easy loan approval online. The services of this organization are available to Filipinos aged from 22 to 60 years. Online Loans Pilipinas lends for up to 30 days. The daily interest rate is 1%.
Only customers with a good financial reputation can count on easy loan approval online in Online Loans Pilipinas. In this case, the institution is ready to lend and citizens who do not have a credit history. But in this case, borrowers can not count on a large amount of loan.
An easy personal loan Philippines is also available at Loanranger. The maximum loan amount in this microfinance company is 10 thousand pesos. The main advantage of Loanranger is the minimum interest rate of 0.65% per day. Loanranger specialists review applications for an easy loan within 24 hours.
Cashwagon has long been considered the leader of the Philippine lending market. This financial institution provides an easy personal loan Philippines for residents of the Philippines between the ages of 22 and 60. Cashwagon lends for a period of up to 30 days. The daily interest rate on loans from this company is 2%. The main advantage of this company is the efficiency of consideration of the application. On weekdays, Cashwagon experts are ready to make a decision on approval the application within 5-10 minutes.
Requirements for Easy Loans
To obtain a loan in Philippine financial organizations, a potential borrower must meet the following requirements:
- age – from 21 to 65 years;
- presence of a permanent place of work during the last two years;
- presence of a certificate from the place of work with the confirmation of wages during the last 6 months (for entrepreneurs – bank account statement);
- availability of a document confirming the citizenship of the Philippines (some financial institutions are willing to lend to foreign nationals).
How to get an approval
To obtain approval for an easy loan, the borrower must take care of collecting the full package of necessary documents. Providing all the required documentation also significantly speeds up the lending process. To draw up an easy loan, it is also necessary to be registered on the financial institution’s website and, in some cases, to draw up a credit card.