FundKo in the Philippines

Sofia June 3, 2019

About company

The company is registered in the city of Mandaluyong, which is located in the Philippines. Founded in 2002. It is a structural unit of Guevent Investments Development Corporation (GIDC). It is the holding of the largest companies in the Philippines. It is engaged in investment, financing, lending.
FundKo company operates within the Law of the Republic of Philippines No. 10173. It strictly follows the privacy policy and the protection of personal data.

The advantages of service

The company provides services for borrowers and lenders, combining their interests. Each party will identify certain positive qualities of this online platform.

Advantages of the platform for borrowers:

• Opportunity to choose favorable rates;
• Clear, accessible interface;
• Quick registration, verification of personal data;
• Instant accrual of funds by the provided details;
• Availability of an app for smartphones.

Advantages of the platform for lenders:

• The profitability of investing funds in crowdlending is higher than that of deposits;
• The platform ensures the security of the transaction;
• The ability to invest simultaneously in several loan programs;
• No need to check the reliability of borrowers.

How to get a loan in the company

Borrowers can be individuals, representatives of medium and small businesses. Their creditworthiness is checked on the basis of the submitted documents. A loan requires a passport or other identity document. Based on personal data, the platform sets a credit rating. To form it, it is necessary to specify in the application:

• Availability of real estate as a property;
• Debt burden (presence of outstanding loans);
• Possibility to provide a collateral;
• Availability of regular income and employment;
• Terms of residence in the Philippines.

The higher the credit rating, the lower the rate.

In order to get a loan, you should:

1. Register a new account on the official website. Password and login are confirmed via email.
2. Wait for the link that will come to the e-mail. Click it, confirm your status.
3. After activating your account, you can start searching for a loan.

The investor data is registered in the same way. Be sure to confirm e-mail. Scans of documents are downloaded in your personal account.

Four steps to get a loan

1. The borrower chooses a loan on the online platform. Determines the amount and term of the loan. Fills out an application with personal data.
2. Service processes the application. Checks the solvency of the potential borrower. Tracks his credit history. After a successful check, the service selects offers from various lenders.
3. Accepting the proposed conditions, the borrower waits for SMS-notification. With a special code, he confirms his consent to the processing of data and obtaining a loan. Documents are attached to the application. These are personal photos of the borrower, scan of bank statement and passport, certificate of employment, marriage contract (if any). They should be uploaded to the profile in the section “Document Management”.
4. The lender transfers the money to the borrower if approved. On that date, representatives of the company FundKo consolidate debts. They then distribute the amount to the lenders.

How to return a loan

Loan payments are made on a monthly basis. For this, a system of postdated checks is provided. Payment is carried out online through a personal account. There are no other ways to repay the loan.

Why you should choose this company

FundKo company charges a minimum commission – 5% of the loan amount. Interest is levied on borrowers and lenders. There are no hidden fees. Insurance of borrowers is optional. Advance is accepted.

At the same time, the company undertakes a full credit check of the client. Provides quick transactions – consideration of the application and transfer of funds. Works with the able-bodied population, as well as with students, with representatives of the business environment. Interest rates range from 12 to 35% for individuals and from 10 to 24% for representatives of large and medium-sized businesses. Rates can be lowered if the borrower re-takes a loan on FundKo platform after successfully repaying the loan.

The minimum loan period is 3 months, the maximum is one year. Debt is written off in equal installments, monthly. Loan amounts – from 10 to 400 thousand pesos, for entrepreneurs – up to 1.5 million.

Types of loans:

• Personal, consumer;
• Cards;
• Business loans;
• Refinancing.

The company is officially operating and has permission from the SEC Exchange and Securities Commission. Ready to assist customers in matters of lending through a phone call or via e-mail.

Offline offices of the company

FundKo company works only on the Internet. However, it has an office located in the city of Mandaluen.

Full address: Guevent Building, #52 Domingo Guevara St. corner Calbayog, Brgy. Mauway, 3rd floor.