OneMain Financial provides personal loans to people with a bad credit history - those who may have problems obtaining a right to a traditional loan. Rating below 630 should not be an obstacle to the getting money. The structure provides installments for any amount - from 1500 to 30 thousand pesos. The interest rate is specified immediately, it can be 16-36% of the loan. The requirements of the company are more flexible than those of banks, because any client can apply for a loan there. The standard acceptable rate is 18% of the total loan amount.
It's possible to calculate how much you need to pay and what amount will be paid each month on an online calculator. This can be easily done independently and quickly.
Online on the website or in person at a bank branch, you need to fill out an application for a loan. This will require proof of identity, citizenship and adulthood. You also need a certificate of income, an extract from the place of work, etc.
The service also provides many other loan options - car loans, housing loans, commercial services.
Personal loans in OneMain can be used to pay off other debts, pay utility bills, medical expenses, study or wedding, purchase of expensive equipment. At the same time, the client’s income and his ability to pay play a role when drawing up a loan. You can draw up a loan on the security of a car, so that a much smaller interest for using the bank’s services will be calculated.
Each loan is insured additionally, so that both parties are confident in the future and are insured in case of any emergency. OneMain approved borrowers have free access to their credit ratings that few other online lenders offer.
You can submit your application by providing personal, employment, and financial information about yourself on the OneMain website. A letter will come to the mail, where the decision on the application will be specified. Whatever the answer - every customer is contacted by a bank operator.
If the answer is positive, you will need to come to the nearest branch of the bank - the operator will tell you where to find it. You will need to take all the documents with you. The final step will be to discuss the details and confirm the information provided in a personal interview - after which a deal is concluded and a contract is signed.
When applying for a loan, the interest rate and insurance services were indicated. All of them are divided into a selected period, during which everything must be paid.
A reminder indicating the amount of the next mandatory payment will come monthly to an active mobile phone. If you wish, you can make more - in this case, the calculation will occur faster, the interest will be less and the overpayment will be small.
In case of unforeseen circumstances, it is required to immediately talk to a bank employee - the account can be frozen for a while. Ignoring is not recommended at all - in this case penalties for non-payment will be accrued.
Branches can be found in any city in the Philippines - the official website indicates all the information with addresses and hours of work.
|Min. financing amount||₱20000|
|Max. financing amount||Up to ₱2000000|
|Min. loan tenure||12 months|
|Max. loan tenure||60 months|
|Interest rate||1% - 423.72%|
|Approval duration||Up to 24 hours|
|TERM||12 months||13 months||14 months||15 months||60 months|
|One time setup|
|Stamp duty||₱1.00 for every ₱200,00 of the installment loan approved that passed the criteria for determining the applicability of DST based on local laws and regulations|
|Disbursement & misc. fee||₱1,750.00 for each disbursement|
|Annual fee||A payment of ₱200.00 or amount equivalent to the credit balance, whichever is lower will be charged for an inactive account every month, in case of any remaining overpayments on inactive or closed Ready Credit accounts|
|Other fees||Returned Check Fee - ₱1,500.00 will be charged for every returned check /bounced post-dated check.|
|Early settlement||4% of the unbilled principal component of each installment loan|
|Late payment charges||₱500.00 or 6% of the Past Due Amount, whichever is higher|
|Other penalties||Post Dated Check Deferment - ₱1,000.00 will be charged for every post-dated check (PDC) that you request to defer/delay|
|Age requirement||Age 23 - 54|
|Employment eligibility||At least ₱21,000.00 monthly income|
|Min. salary requirement||₱21000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||No|
|Other details||Method of Payment - Cash, Online banking , Check or ATM Transfers|
You need to follow the link and register on the company website. After registration you will be available credit limits
The loan can be received by any adult person who has a telephone and a document for identification.
There are many companies in the market that you can turn to, so we advise you to give preference to several organizations in order to be able to choose from several organizations.
Of course! But it has various consequences. But we by no means advise doing so.
|Full company name||Citibank Philippines|
|Address||9F Citibank Tower, Paseo de Roxas St., Makati City, Philippines|
|Phone number||+63 2 995 9999|
The culture at Best Company is by far the greatest asset. You can tell that they truly care about the happiness of their employees. It's a really relaxed and calm environment