Online Loans Pilipinas
Money in your pocket in minutes!
Is Online Loans Pilipinas 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 Online Loans Pilipinas and found it in List of Financing Companies, here is its data:
|Financing Company Name||ONLINE LOANS PILIPINAS FINANCING INC. (FORMERLY: MAGIC WORLD TECHNOLOGIES INC.)|
|Certificate of Authority||1181|
We found the company Online Loans Pilipinas 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|
|2000 PHP||20000 PHP||7||30||1% per day|
2. Time to review
1-2 working days
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||1000 PHP||2000 PHP||3000 PHP|
|TOTAL REPAYMENT||11000 PHP||12000 PHP||13000 PHP|
About Online Loans Pilipinas (Online Loans)
Online-loans platform allows you to get fast loans. The work of the lending organization is optimized for residents of the Philippines.
By entering these data, each interested user can immediately find out the amount that will need to be repaid within a certain period.
Special conditions are provided for users who take a loan a second time. In this case, a larger amount is available.
How to draw up a loan on the Online Loans Pilipinas ?
To submit a request for the first time you need to enter your first and last name and mobile phone number.
The application process will take a few minutes together with the time when you calculate how much money will be needed to fully repay the debt. The online calculator will help users to do this.
To confirm the loan, you need to take a phone call from the website support service. After that, the money will be credited to the card in the shortest possible time.
To repay the loan, the user can contact one of the offices of 7-Eleven. It does not take much time and in the office itself you can do it as quickly as possible.
To receive money it is necessary to have a proof of official employment. Individual terms of loan repayment will be calculated for each user.
Advantages of the service:
- Minimum crediting rates;
- Confirmation of the application by phone;
- The process of filling the application takes several minutes;
- Convenient payment of loans at the offices of 7-Eleven located on the territory of the Philippines.
4 Steps to get a Cash Loan
- Apply for Loan. Complete the application process in 5 minutes.
- Expect Phone Call for Approval. Once approved, you will receive the money in your bank card or account within 24 hours.
Get approved & Get money. Get a decision from us in 1-2 days and Receive your loan in your bank account.
Make repayment. Pay at any 7-Eleven store and get the receipt.
How do I get a loan
- On the Online Loans Pilipinas site, you simply need to head over to online-loans.ph, where you would be asked to sign up and create an account. Once you have created an account, you will be able to access a section online that enables you to upload a valid identification and a phone number where you can be reached. You are then able to simply choose how much you intend to borrow.
- You will have to head over to Play Store and search for Online Loans Pilipinas app. You simply download it and register using a phone number and a valid government ID like a passport or a driver’s license.
- A first time loan typically ranges from Php 2000 to 10000.
Can I get another loan from Online Loans Pilipinas PH?
You should be able to get another loan, so long as you paid your balance on any previous loan on time.
How much is the interest rate?
An Online Loans Pilipinas application has a 1% per day interest rate charge. So if you were going to borrow 1000 Php for 7 days, you would pay 1% of 1000 Php each of the 7 days.
How long does it take for the approved loan to be shown up in my balance
Your loan is usually displayed as soon as it is approved. Typically, this might take a business day, but you should get an SMS informing you of your funds availability. Sometimes it may take longer, depending on the type of payment option you select, but it usually never takes more than 3 business days.
I haven’t received my SMS code, what should I do?
If for any reason you have not yet received an SMS code, it is possible for you to have the code resent to you by resending the SMS request.
I have put the wrong bank details on my Online Loans application, what should I do?
You do not have to worry as Online Loans Pilipinas will verify that the bank account given matches your ID. Once it doesn’t, the funds from the loan will be sent back to Online Loans without any interest attached to them.
Is it possible to refuse a loan that’s already been confirmed?
Once you have been confirmed for a loan, it is not possible to refuse it.
I have been refused a loan, is there anything I can do about it?
If you are legally able to ask for a loan and have not had any issues with late payment before, it could be that you were denied in error. If this is the case, you should consider reapplying for the loan.
Does the Online Loans Pilipinas app have an option to extend the loan term?
At this moment, it does not offer a way for you to extend the loan term.
How to Repay a Loan from Online Loans Pilipinas
- Go to a payment partner branch.
- Complete the needed information for the Bills Payment Kiosk/Form.
Pay only via our partner DRAGON LOANS and DRAGONPAY
Always use the reference number we gave you on repaying.
Paying via 7 Eleven c/o DRAGON LOANS
Use the 7-Eleven Cliqq kiosk and go to Bills Payment > Loans > DRAGON LOANS.
Paying via Bayad Center, SM Payment Counters c/o DRAGONPAY
(SM Department Store, SM Hypermart, SM Supermart, SM Savemore), Cebuana Lhuillier, LBC, or Robinson’s Payment Center Get a payment form and write DRAGON PAY as Receiver/Biller Name.
- Make a payment and receive a payment confirmation receipt.
How can I pay the debt using a bank card?
It is possible to pay using your bank card. You simply have to head over to any Online Loans payment partners, fill out a bill payment form using your reference number.
Can I pay my debt in cash?
It is possible for you to pay in cash, you simply have to head over to the numerous payment partners associated with Online Loans Pilipinas, complete a bill payment form, ensuring that your reference number given to you is clearly stated.
Help and Support in Online Loans Pilipinas
There are numerous numbers published on the website, which customers can reach if they have any inquiries or issues.
HOW IT WORKS
1. Fill in the form
2. Wait 20 minutes
3. Get money
- Address: 197 Salcedo, Legaspi Village, Makati, 1229 Kalakhang Maynila, 7 floor
- Phone: (02) 405 5171
- Email: [email protected]
Written by Mikka Montero | Modified date: January 22, 2021