LoanChamp in the Philippines

LoanChamp LoanChamp is the loan arm of Y Finance Inc. established near the end of 2017. LoanChamp is an online lending platform geared towards financial inclusion for all Filipinos. A majority of the population is underbanked and do not have access to basic financial services and are at the receiving end of poor accessibility, product […]

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LoanChamp https://upfinance.com/app/uploads/2019/12/m3ybvjfb5b6hz1umixvq.jpg
Unit 1106, 88 Corporate Center, 141 Valero St. cor. Sedeño St., Makati, Philippines
(02) 8821 9621, info@loanchamp.ph
Interest rate 2% - 17.75%
Loan tenure from 2 to 6 months
Approval duration Up to 12 hours
Min. monthly income1

LoanChamp

LoanChamp is the loan arm of Y Finance Inc. established near the end of 2017. LoanChamp is an online lending platform geared towards financial inclusion for all Filipinos. A majority of the population is underbanked and do not have access to basic financial services and are at the receiving end of poor accessibility, product limitation, slow processing, burdensome documentation requirements, and strict credit eligibility, limiting them from gaining true financial freedom and smarter choices for their spendings.

Flex loan

Interest Rates:  25,4% per month
Minimum loan amount: 2 000 PHP
Maximum loan amount: 20 000 PHP
Payment terms: 2 – 6 months
Processing Fee: 5%
Approval time: 1 hour

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Seafarer loan

Interest Rates:  7,35% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 2 – 12 months
Processing Fee: 10%
Approval time: 3 days

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Salary loan

Interest Rates:  10.3% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 50 000 PHP
Payment terms: 2 – 6 months
Processing Fee: 7%
Approval time: 3 days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱3000
Max. financing amount Up to ₱500000
Min. loan tenure 2 months
Max. loan tenure 6 months
Interest rate 2% - 17.75%
Approval duration Up to 12 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 2 months 3 months 4 months 5 months 6 months
LOAN AMOUNT ₱250000 ₱250000 ₱250000 ₱250000 ₱250000
FEE 2% 2% 2% 2% 2%
INTEREST AMOUNT ₱833 ₱1250 ₱1667 ₱2083 ₱2500
TOTAL REPAYMENT ₱250833 ₱251250 ₱251667 ₱252083 ₱252500

Other Requirements

Need to open linked banked account? Yes

FAQ

Download LoanChamp on Google Play. Register using your mobile number; fill in your profile with the necessary personal, work and bank details (for verification and payment); and click apply!

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 will receive cash immediately to your Bank account after approval

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.

You do not require any security or guarantor to apply for a Flex loan.

The longest loan period is 180 days.

Contacts

Full company name LoanChamp
Address Unit 1106, 88 Corporate Center, 141 Valero St. cor. Sedeño St., Makati, Philippines
Phone number (02) 8821 9621
E-mail info@loanchamp.ph
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