MoneyTree Quick Loan in the Philippines

The online lending platform that provides borrowers with a place to fund their financial needs. According to their website, “Less fuss than visiting a traditional lender,” owned by Freedom Peak Financial Management Consultancy.

Visit site
MONEY TREE INTERNATIONAL FINANCE CORP. https://upfinance.com/app/uploads/2019/06/logo-1.png
only Internet
(+63) 908 896 2036, application@moneytreequickloan.com
Interest rate 10% - 10%
Loan tenure from 0.5 to 6 months
Approval duration Up to 48 hours
Min. monthly income1 ₱10000

About company

MoneyTree Quick Loan provides an easy and quick getting of personal loan for individuals.

The company is engaged in lending on the Internet. The legality of the activity can be verified by checking the presence of the company name in the list on the official website of the government sec.gov.ph number 1031.

The financial institution has the appropriate permission to operate from the Securities and Exchange Commission. 

Payday loan

Interest Rates:  10% per month
Minimum loan amount: 2 000 PHP
Maximum loan amount: 10 000 PHP
Payment terms: Up to 6 months
Approval time: 24-48 hours

Calculate loan

Borrower requirements

– At least two (2) valid IDs of you and your co-maker. e.g. New SSS/TIN/GSIS ID, Driver’s License, Company ID, Passport, PRC ID, Postal ID
– your last 2 pay slips
– your last 3 months bank statements
– Proof of Billing e.g. electricity, water utility, cable service, phone/mobile billing statement.

 

Loan Calculator

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

How to get a loan

MoneyTree Quick Loan issues an amount from 2 to 10 thousand Philippine pesos for a period of 15 days to 6 months.  

In situations where the salary day is not soon, and the balance is nearing zero, the short-term loan will help. The main characteristics of the product are quick approval and crediting of funds, as well as automatic debiting from the card on the day of repayment.

Initially, the service may approve an amount of 500 to 3 000 Philippine pesos. For loan processing, you need a minimum of documents: 2 proof of identity (passport, driver’s license, other certificates), home, work and mobile phone number, linking to your Facebook profile. Collateral and co-borrower are not required. There is an opportunity to add a card for direct debit cancellation on the day of loan repayment.

In case of reapplication the amount can be increased.

The advantages of service

Customers of MoneyTree Quick Loan appreciated a number of advantages of the company:

  • get a small amount for personal purposes;
  • minimum documents for loan processing, compared with the bank;
  • individual debt repayment schemes;
  • loan repayment by bank transfer;
  • reliable protection of personal data;
  • fixed interest rate;
  • low service fee.

The high level and speed of service helps people who can not use traditional lending. The call center of the site solves any customer issues promptly, so that after 1-2 days the approved loan will already be on the client’s card.

 

Why you should choose this company

MoneyTree Quick Loan stands out among other similar companies due to the long and stable work in the financial market, a large number of reviews of satisfied customers. The company is valued for the speed of processing applications, the competence of employees, the transparency of actions taken, the company’s loyalty in solving problematic issues.

The site has a direct appeal to borrowers with a request to analyze their true financial situation and the need to borrow money. It describes in detail the consent to the processing of what personal data and for what purpose the client gives and to whom personal information can be transferred. This is a demonstration of caring for the borrower. The company does not set a goal to plunge a person into debt, which he won’t be able to repay, but seeks to help in a difficult situation.

Five steps to get a loan

At MoneyTree Quick Loan, you can get the amount you need by making a few simple steps.

  1. Go to the site, read the terms of lending. 
  2. Fill in all fields in the application.
  3. You will receive an email with further instructions. In response, you need to send a scanned copy of identity documents (at least two), any proof of income and expenses indicated in the questionnaire for the last 2 months.
  4. Wait 20 minutes for the staff to process the data and approve the loan.
  5. Get money into a card or bank account. The transfer takes up to 48 hours.

If you responsibly approach the fulfillment of the terms of the contract and repay the debt in time, the credit limit will subsequently be increased, you will not need to fill in the questionnaire again and send the documents.

 

How to return a loan

The payment schedule is individual, it is prescribed in the contract. The company takes into account the regularity of the client’s income and makes a convenient repayment plan. These can be weekly or monthly payments. You can pay by bank transfer. It is possible to automatically write off the amount of debt from the client’s card. The company also cooperates with the nationwide network of PayMaya terminals, through which the debt to the MoneyTree Quick Loan is repaid. There is no fee for early repayment of the loan. Penalties and fines are charged for late payment. Loan non-repayment leads to litigation.

Product Features

Min. financing amount ₱2000
Max. financing amount Up to ₱10000
Min. loan tenure 0.5 months
Max. loan tenure 6 months
Interest rate 10% - 10%
Approval duration Up to 48 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 0.5 months 1.5 months 2.5 months 3.5 months 6 months
LOAN AMOUNT ₱5000 ₱5000 ₱5000 ₱5000 ₱5000
FEE 10% 10% 10% 10% 10%
INTEREST AMOUNT ₱21 ₱63 ₱104 ₱146 ₱250
TOTAL REPAYMENT ₱5021 ₱5063 ₱5104 ₱5146 ₱5250

Fees & Charges

One time setup
Processing fee N/A
Stamp duty N/A
Disbursement & misc. fee N/A
Annual fee N/A
Other fees N/A
Penalties
Early settlement no information
Late payment charges no information
Other penalties no information

Eligibility

Age requirement from 18 years old
Employment eligibility The Philippine citizens, valid ID, bank account
Min. salary requirement ₱10000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked banked account? Yes
Other details -

FAQ

It’s easy and done through the site. 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 can get your money credited directly to your Bank account. You will be asked to enter your Bank account number in the loan application.

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 Cash loan.

The longest loan period is 180 days.

Contacts

Full company name MONEY TREE INTERNATIONAL FINANCE CORP.
Address only Internet
Phone number (+63) 908 896 2036
E-mail application@moneytreequickloan.com
Social networks

User rating

Reviews

11 months ago

Thank You!

I’m going through a difficult time with the decision to put my mom on Hospice. I emailed Customer Service and explain my situation to this company with one last payment pending to be cleared. I received a rapid response and quality heartfelt customer service . Thank you for being here in my time of NEED ♥️??

11 months ago

I love money free quick Loans

I love money free quick Loans. Great apr for people who who have bad credit and great alternative to a payday loan. Also flexible scheduling around your paychecks. They report to the credit bureaus to help your credit.

11 months ago

Very easy lender to deal with

Very easy lender to deal with. They'll work with you on payments and won't process anything before the start of business on your pay day. Highly recommend over other lenders.