Money in an instant
Is Loanagad legit?
Any financial company that wants to work in the Philippines is required by law to receive the appropriate permission. The SEC (Securities and Exchange Commission) is responsible for this. On the official website sec.gov.ph you can find lists of companies that have been tested and are trustworthy:
- LIST OF LENDING COMPANIES WITH CERTIFICATE OF AUTHORITY;
- LIST OF FINANCING COMPANIES WITH CERTIFICATE OF AUTHORITY.
We DID NOT find the company Loanagad in the list of registered organizations on the SEC website, if you decide to contact them for services, carefully check all documents, it may not be safe!
|Min amount||Max amount||Min terms||Max terms||Rate|
|100000 PHP||2000000 PHP||365||1140||1.39% per day|
2. Time to review
3. Other conditions
Example of calculating interest and loan payments
|TERM||10 days||20 days||30 days|
|LOAN AMOUNT||10000 PHP||10000 PHP||10000 PHP|
|INTEREST AMOUNT||13900 PHP||27800 PHP||41700 PHP|
|TOTAL REPAYMENT||23900 PHP||37800 PHP||51700 PHP|
Financial company Loanagad was founded in 2013 and is included in the list of the best microcredit organizations in the Philippines. According to the laws of the country, lending meets all requirements and is regulated by a special permit from the SEC (Securities and Exchange Commission). Based on the official document, the company implements profitable lending programs for residents of the country.
Benefits of the online loan
Online loans are gaining increasing popularity among residents of Southeast Asia. Each express program from Loan Agad focuses on different customer needs, providing a modern online service. Its benefits include:
- the borrower does not need to spend time visiting the office or waiting for a response from the manager up to 5 days, the whole loan processing takes 24 hours;
- under the conditions, it is enough for the client to issue an online application with personal data;
- high likelihood of approval;
- low interest on loans;
- loyal repayment schedule;
- it is easy to contact a representative of the organization and consult on any issues;
- 24-hour work schedule – 7 days a week;
- individual approach to registration of the loan.
The obligatory rule for the client is the presence of a bank card and its use for the length of a year. After the approval of the loan amount, the customer signs an electronic offer, then Loanagad transfers the money to the borrower’s checking account.
Types of loans
Credit organization Loanagad helps to solve various financial issues. Depending on the purpose, the client can choose one of the loan programs:
- Consumer loan – loan registration in monetary terms. This program funds the client for training, home repair, profitable purchases, travel, holiday events.
- Car loans – a program for buying a new or used car. The client can independently choose all technical characteristics. Also under this program, the client has the right to refinance the existing car loan.
- Mortgage lending – for the purchase of a house, apartment, condominium, land or for the restructuring of existing housing. Long-term loans with special conditions of registration.
HOW IT WORKS
1. Fill in the form
2. Wait 20 minutes
3. Get money
Written by Mikka Montero | Modified date: January 22, 2021