Loanranger – online lender located in the Philippine Islands. A loan is drawn up directly on the website of the organization. On the main page there is an online calculator. Using it, you can calculate the loan amount (from 3 thousand to 10 thousand Philippine pesos) and the loan period (1-3 months). The organization imposes the following requirements on customers to issue a loan:
The presence of such characteristics allows a person to quickly fill out an online application for a loan and pay it in the specified way. It is fast and convenient. Filling in information and calculating the amount of loan repayment occur via the Internet. The borrower may apply in any convenient place. You need a mobile device or personal computer, as well as an Internet connection.
The service asks for some personal data of the user for personal identification and solvency certification. The process is quick, convenient, with full compliance with safety standards. The decision to issue a loan is made within 1 banking day. To get a loan, you need to go to the site and transfer the issued funds to a personal account.
Rates: 19,5% per month
Minimum loan amount: 3 000 PHP
Maximum loan amount: 10 000 PHP
Payment terms: 1-3 months
Approval time: 1 hour
- At least 18 years old at the time of application but not more than 60 years old upon loan maturity
- Must be a Filipino Citizen
- One valid government ID (scan copy or photo)
- A stable source of income (store owners and home-based workers/freelancers are welcome to apply)
Submitting application for a loan is carried out on the organization's website. For this you need to go through several stages:
A form will be opened where the borrower indicates personal data: name, financial position, date of birth, gender, and so on. It is necessary for the company staff to determine the identity of the borrower. In order not to perform these actions constantly, registration is carried out. In the upper left menu you need to click Sign In. A form will be opened where you are offered to go to the organization’s website using the social network or fill in the required information (name, email, password) manually via Sign Up.
If the user has forgotten the login password, it can be restored by submitting an I forgot my password request. A password reset form will be opened where you need to enter the phone number or email address of the registered account. Next, click Reset Password button. The final step is to enter a new password in the form that opens.
The online lender Loanranger is in demand not only in the Philippines, but also in other developed countries. This is due to the following advantages:
The service provides the response to the application within 24 hours. The loan goes to the company website. Further, the borrower transfers the loan to his personal account and uses it at his discretion. You need to contribute the amount through the organization's website anywhere on the planet with a stable Internet connection. Loanranger qualified staff is ready to answer users' questions remotely at any time.
It is not necessary to visit a branch. All operations are performed remotely. Applications are accepted even on weekends. In this case, the borrower is not charged a hidden fees, which were not prescribed initially. The calculator calculates the exact amount levied on the borrower. This gives him the opportunity to save time and repay debt in a timely manner.
On the main page of the company's site posted entry Cash when you need it. The message is fully justified, because the service guarantees the issuance of a loan in the shortest period of time, subject to the conditions. Managers of the organization are attentive to customers and help to solve tasks in a timely manner. There are answers to frequently asked questions in the knowledge base. You can enter it by clicking on the item on the top menu FAQ.
The credit history is presented to the borrower's attention, which can be viewed with a corresponding request. There is also the possibility of early repayment of the loan. This has a positive effect on the client’s credit history, and also makes it possible to enjoy additional discounts on the service’s facilities. At the same time, there are no additional payments from the borrower's personal account.
A loan of up to 10 thousand Philippine pesos is issued to borrowers. With further cooperation, this amount can be revised. Often, company employees offer regular users favorable loan conditions, additional discounts on services. This has a positive effect on the terms of cooperation and improves the usability of the service.
|Min. financing amount||₱3000|
|Max. financing amount||Up to ₱10000|
|Min. loan tenure||1 months|
|Max. loan tenure||3 months|
|Interest rate||19.5% - 24%|
|Approval duration||Up to 1 hours|
|TERM||1 months||2 months||3 months||4 months||3 months|
|One time setup|
|Processing fee||PHP 500|
|Disbursement & misc. fee||N/A|
|Early settlement||good credit rating and discounts for future loans|
|Late payment charges||for late payment|
|Other penalties||no penalties|
|Age requirement||from 18 years old|
|Employment eligibility||Have a valid ID. Not necessarily employed, it is enough to have a stable source of income (store owners or freelancers). In confirmation, payroll, bank statements or screenshots of online banking transactions are accepted.|
|Min. salary requirement||₱10000 gross per month|
|Guarantor / Collateral requirement||Yes|
|Need to open linked banked account?||Yes|
|Full company name||First Digital Finance Corporation|
|Address||1212 A. Mabini Street, Malate, Philippines|
|Phone number||(02) 310 1303|
I been doing business with Loan Ranger for about 2 years and I have been very pleased. I haven't really paid attention with the credit part on my credit report but I will be looking in on it. I started doing business with fig loans because they are cheaper and by months than payday loans and the company explained to me they report it to your credit.