Loansolutions PH in the Philippines
The company connects consumers with financial institutions and banks to ensure a simpler loan application process, similar to what Lendr does. Funding comes from partner banks, LoanSolutions. PH serves as an intermediary.
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About company
Through this platform, different loan products and services can be availed depending on your needs. Whether it is for buying a new home, financing a new car, sending a child to college, financing your medical bills, Loansolutions.ph is here to help you! Now you no longer have to leave the comfort of your home just to inquire for available loan products, obtain more details, and start your application.
FILL THE APPLICATION FORM, check your loan options, get creditors approval and money in a bank account.
Personal loan
Interest Rates: 2,14% per month
Minimum loan amount: 15 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: 6-60 months
Approval time: up to 24 hours
Calculate loanVehicle loan
Interest Rates: 15% – 20% APR
Loan amount:up to 80% of purchase price
Payment terms:12 to 60 months
Approval time: 1-3 banking days
Down payment: As low as 20% of purchase price
OFW loan
Interest Rates: 2,14% per month
Minimum loan amount: 15 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 6-24 months
Approval time: up to 24 hours
Cash loan
Interest Rates: 25% APR
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 6-36 months
Processing fee (HSBC): 1 500 PHP
Approval time: 3-5 banking days
Borrower requirements
Eligibility:
– At least 21 years old at the time of application but not more than 70 years old upon loan maturity
– Must be a Filipino Citizen
Requirements:
Employed applicants:
– Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
– 3 months original pay slip and/or Latest Income Tax Return with BIR or Bank stamp (BIR Form 2316)
Self – Employed applicants:
– Business must be operational for at least 3 years
– Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
– Audited Financial Statements for the last 3 years
– Latest Income Tax Return (BIR Form 1700 /1701)
– Business Permit from DTI or SEC
OFW applicants:
– Government-issued photo-bearing ID (Passport, Driver’s License, SSS, PRC, etc.)
– Agency based: POEA contract
or Employment contract with boarding date Direct hire: Proof of remittance, POEA OFW Information Sheet or POEA
– Overseas Employment Certificate and Work Contract
Product Features
| Min. financing amount | ₱15000 |
| Max. financing amount | Up to ₱1000000 |
| Min. loan tenure | 6 months |
| Max. loan tenure | 60 months |
| Interest rate | 1.2% - 1.6% |
| Approval duration | Up to 24 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 6 months | 7 months | 8 months | 9 months | 60 months |
| LOAN AMOUNT | ₱500000 | ₱500000 | ₱500000 | ₱500000 | ₱500000 |
| FEE | 1.2% | 1.2% | 1.2% | 1.2% | 1.2% |
| INTEREST AMOUNT | ₱3000 | ₱3500 | ₱4000 | ₱4500 | ₱30000 |
| TOTAL REPAYMENT | ₱503000 | ₱503500 | ₱504000 | ₱504500 | ₱530000 |
Fees & Charges
| One time setup | |
| Processing fee | no-fee |
| Stamp duty | N/A |
| Disbursement & misc. fee | N/A |
| Annual fee | 15-20% |
| Other fees | N/A |
| Penalties | |
| Early settlement | no information |
| Late payment charges | no information |
| Other penalties | no information |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details | - |
FAQ
Filipino who is going to work abroad. Documents for issuing OFW loan:
• 2 valid IDs related such as passport and OWWA ID
• Copy of visa
• Consularized certificate of employment
• Flight ticket and details
• Transfer confirmation
• POEA overseas employment certificate – get this from the POEA office in your area
• For seafarers, the latest contract
• Billing confirmation
• Proof of residency
Yes, today many banks and financial institutions provide loans to Filipinos, even if they are abroad. The loan approval process will take longer than if you were in the Philippines.
Typically, you should apply for an OFW loan when you already have an OWWA passport and other documents confirming your OFW status.
BPI issues an OFW loan for up to 36 months.
Yes, if you have approved a Cash loan you can get a cash loan and use it anywhere.
You have 2 ways:
– bank transfer through partners
– cash through bank partners.
No, you can repay the loan balance without penalties.
The longest loan period is 36 months.
Contacts
| Full company name | LoansolutionsPH |
| Address | Unit 118, Sycamore Tower, The North Grove, Camarin Road, Caloocan City, Philippines, 1400 |
| Phone number | (02) 372-6744 |
| info@loansolutions.ph | |
| Social networks |
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User rating
Reviews
Thanks to them, I got the car of my dreams.
I am so grateful and thankful to Loansolutions.ph. They simplified my application process because their loan advisers are dedicated and have many partner banks.
A Beautiful Company
At first glance, Loan_Solutions might seem to be just another payday loan lender, but their services are slightly different and show a greater understanding of people’s needs. They offer three different short-term loan packages for three, six and 12 months. over all it is great company.
Good For Business Mans
An innovative company that is sure to make waves in the future. I highly suggest people look into this company as a place to work and as a role model for companies wishing to implement triple bottom line sustainable management.
