Microloans for you

₱ 5 000
₱ 50 000
from 61 days
365 day
₱ 55 000
₱ 55 000
₱ 55 000

advantages for customers

Money will come to your card
Only passport and code
Without references and guarantors
Without hidden commissions

Online registration of a microloan

The level of modern development allows you to get a consumer loan from MFIs even without leaving home. The list of conditions does not change, but payments are made to a bank card.

On our website you can find information about existing MFIs in the Philippines, the terms of obtaining a loan there, contact numbers and addresses. This is a convenient service that can save you time. For consideration of the application submitted online, it takes from 15 minutes to several hours, after which the money will be credited to the card. Failure is practically impossible, because most companies work with students, pensioners and even people from black banking lists.

Having solved the problems, hurry to return the loan - the faster you do it, the less percent you will be counted.

Information for the borrower

Requirements for borrowers:

  • Filipino citizenship
  • Age from 18 years old
  • Credit history

Conditions of receipt:

The first loan up to 100,000 pesos is given at a rate of 0% in case of timely repayment;

Interest rates on loans from 30 to 360% per annum, on consumer loans and credit cards - from 17 to 31% per annum.

In case of violation of the deadline, the penalty is 0.10% of the delay amount per day, but not more than 10% of the loan amount;

Loan extension is possible by timely informing the lender (before the loan repayment date) and paying interest for the initial loan term. There are no additional commissions for extending the loan.

Consequences of non-payment of loan funds:

If he does not return the loan amount or the amount of interest for using the loan at the agreed time, the creditor must impose a fine for delay in payment. Most creditors make concessions and give 3 additional working days for payment. They are provided in the case, for example, if the bank transfer takes longer than usual. However, if you do not receive a response for a long time, you will be penalized for late payments, averaging 0.10% of the original loan amount, 0.03% of the average loan amount for consumer loans and credit cards. If you do not comply with the requirements for repayment of the loan and loans, the data about you can be transferred to the list of the debtor or BCH, which can adversely affect your credit history and credit rating. Debt can be transferred to a collection agency for debt collection. If the delay is allowed, the extension of the loan is impossible.

As for all payment terms, the lender notifies you via SMS or short email. We recommend that you make a payment on the day you receive this reminder. Timely repaying the debt, you form a good credit history, which improves your credit rating and the probability of obtaining a loan on more favorable terms.

Information on the full cost of borrowed funds and the sample:

A loan of 10 000 pesos is issued for 61 days with the extension of the contract. In 365 days below the contract rate is 1% per day (annual rate, respectively, will be equal to 365%). The total interest for this year is 36 500 pesos. (10,000 * 365% = 36,500), for 1 day 100 pesos (36,500 / 365 = 100), for 61 consecutive days, 6,100 pesos (100 * 61 = 6,100). The total amount of payment is 16,100 pesos. (The main debt in the amount of 10,000 pesos + 6,100 pesos.).

The total cost of borrowing in percent is 365% per annum

A bid is not an offer. The final conditions dictate a direct dialogue with the creditor.