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
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
Calculate loanSeafarer 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
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
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 |
| info@loanchamp.ph | |
| Social networks |
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