Is LoanRanger 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 checked the company LoanRanger and found it in List of Financing Companies, here is its data:
|Financing Company Name||FIRST DIGITAL FINANCE CORPORATION|
|Certificate of Authority||1101|
We found the company LoanRanger in the list of registered organizations on the SEC website, which means that it works in the Philippines under the law, has passed all the necessary inspections of the supervisory authority and can be trusted!
|Min amount||Max amount||Min terms||Max terms||Rate|
|3000 PHP||10000 PHP||5||30||0,65% per day|
2. Time to review
1 working day
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||650 PHP||1300 PHP||1950 PHP|
|TOTAL REPAYMENT||10650 PHP||11300 PHP||11950 PHP|
About First Digital Finance Corporation (Loanranger)
To receive money in the online mode of service LoanRanger you need a minimum amount of time and documents proving the identity. Immediately after approval of the loan application, the user receives money into a bank account.
How to take a loan on the LoanRanger platform?
To get a loan you need to use the online calculator on the LoanRanger website. In the special fields you need to enter the desired loan amount and the period in which you intend to repay it. After that the system will give a response, in which all the details of crediting are spelled out. Thus, immediately the user will see the full amount to repayment and the amount of one-time payments. If the specified conditions are not suitable for the client, he may not to apply for a loan. That is why you can use the online calculator before you draw up a loan.
After confirmation of the conditions, the application will be processed. It is possible to submit them even during the night and non-working hours, holidays and weekends, as the support service works 24 hours a day.
All stages related to the submission and approval of the application are carried out online, so that the user does not need to come to the company’s office to present documents or agree on the details of cooperation.
You can read the terms of crediting on the official website. Stability of conditions is guaranteed by company’s policy.
Paper work is a thing of the past, modern technologies are replacing it. Commissions will depend on the duration of loan payment. Approval of the application is carried out in the shortest possible time. No hidden payments. You can check the correctness of commission charges on the website.
Where can I report those company like loan range and ferratum, they will never let u pass , and you’ll never get a loan there. they believe they own the system.
trust me don’t waste time at those company, also they’ll put it on ur credit report, then you’ll need spend 600 dollars to take off that.
- reviewed Loan Ranger
Im currently in the process of applying for a loan with enably. I was told i was successful and they would transfer the funds in next 10 minutes. 2 days later still no funds. By chance i checked my spam email and they asked for photo ID, proof of residency, payslip. Now it is at “underwriting” status. This loan was advertised as quick? The only reason i need the cash is because its xmas and the gas company took $900 out of my account instead of the $59 payment (Their mistake). This has taken some time to sort out and my enably loan was a quick solution, or that was the idea anyway?
- reviewed Loan Ranger
Applied for a loan all went smoothly until they decided that the automated system could not verify me, then despite being able to supply my work government photo ID, medicare card, atm card, original birth certificate and tax return document this wasn’t enough as their “internal” process says that you must have a government photo ID with your birth date on it. Original birth certificate not enough. Time wasting and to rigid in their own internal rules.
HOW IT WORKS
1. Fill in the form
2. Wait 20 minutes
3. Get money
- Address: 1212 A. Mabini Street, Malate, Philippines
- Phone: (02) 310 1303
- Email: [email protected]
Written by Mikka Montero | Modified date: January 22, 2021