BlendPH in the Philippines
WHAT IS BLEND? BlendPH is a peer to peer funding platform developed and managed by Inclusive Financial Technologies Inc. that aims to provide an accessible, efficient, and safe financial exchange space for lenders and borrowers. We make Filipinos dreams possible through lending. Fast loan Interest Rates: 8% – 11,6% per month Minimum loan amount: 5 […]
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WHAT IS BLEND?
BlendPH is a peer to peer funding platform developed and managed by Inclusive Financial Technologies Inc. that aims to provide an accessible, efficient, and safe financial exchange space for lenders and borrowers. We make Filipinos dreams possible through lending.
Fast loan
Interest Rates: 8% – 11,6% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 40 000 PHP
Payment terms: 3 – 6 months
Documentation fee: 10%
Approval time: 24 – 48 hours
Calculate loanSalary loan
Interest Rates: 3% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 25 000 PHP
Payment terms: up to 36 months
Approval time: 24 – 48 hours
Personal loan
Interest Rates: 1,78% – 4,67% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: 6 – 36 months
Documentation fee: 0,25%
Approval time: 24 – 48 hours
Seafarer loan
Interest Rates: 6,18% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 4 – 8 months
Documentation fee: 7,5%
Approval time: 24 – 48 hours
Franchise loan
Interest Rates: 1,87% – 4,78% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: 6 – 36 months
Documentation fee: 1,5%
Approval time: 1 – 3 days
Loan Calculator
REQUIREMENTS
SALARIED
– Certificate of Employment with Compensation
– Company ID
– Latest 1 month Payslips
– 2 Valid Government ID
– Proof of billing
BUSINESS OWNER
– Business Permit/Mayor’s/DTI registration
– Bank Certificate with daily balance
– Income Tax Reform for 1701
– Financial Statement
– Barangay Clearance
SEAFARER
– Allottee Form
– Contract with POEA Stamp
– 2 Government IDs
– Seaman’s book
Product Features
| Min. financing amount | ₱5000 |
| Max. financing amount | Up to ₱2000000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 36 months |
| Interest rate | 1% - 8% |
| Approval duration | Up to 48 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 1 months | 2 months | 3 months | 4 months | 36 months |
| LOAN AMOUNT | ₱1000000 | ₱1000000 | ₱1000000 | ₱1000000 | ₱1000000 |
| FEE | 1% | 1% | 1% | 1% | 1% |
| INTEREST AMOUNT | ₱833 | ₱1667 | ₱2500 | ₱3333 | ₱30000 |
| TOTAL REPAYMENT | ₱1000833 | ₱1001667 | ₱1002500 | ₱1003333 | ₱1030000 |
Fees & Charges
| One time setup | |
| Processing fee | |
| Stamp duty | |
| Disbursement & misc. fee | |
| Annual fee | |
| Other fees | |
| Penalties | |
| Early settlement | |
| Late payment charges | |
| Other penalties | |
Eligibility
| Age requirement | |
| Employment eligibility | |
| Min. salary requirement | ₱ gross per month |
| Guarantor / Collateral requirement | Yes |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details |
FAQ
It’s easy and done through the application on the site. Register using your mobile number; fill in your profile with the necessary personal, work and bank details.
If you are a new customer, you must receive a credit decision within one banking day after applying. For regular customers, you can make a loan decision faster, since most of your information has already been verified.
You will receive a system generated SMS advice on the status of application
You can get your money credited directly to your Bank account.
Yes, you can repay the loan ahead of schedule. Although there will be no deductions from your current payment, there will be other benefits such as a good credit rating and discounts for future loans.
Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.
You do not require any collateral or guarantor to apply for a Personal loan.
Contacts
| Full company name | |
| Address | |
| Phone number | (02) 8293-3628, (02) 5310-1743 |
| support@blend.ph | |
| Social networks |
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