Online Loans Pilipinas is a Philippine financial organization specializing in microloan issuance and consumer finance of the people of the Philippines. Subsidiaries are also located in Vietnam, Indonesia, and Malaysia. This contributes to the formation of services based on the needs of people from different regions.
It does not take much time to get a loan from Online Loans Pilipinas. The company’s executives have significantly simplified the process of drawing up and obtaining a microloan. Quite loyal requirements are imposed to the borrower, which enables most of the population of the Philippines to use the services of Online Loans Pilipinas.
The company is constantly improving the offered loan products, trying to adapt them to the capabilities and needs of customers. Borrowers can get free advice from contact center specialists. It’s possible to contact him by phone number listed on the official site. Calls are accepted 24 hours a day. The operator will answer all your questions, providing the necessary information.
Interest Rates: 37.5% per month
Minimum loan amount: 1 000 PHP
Maximum loan amount: 20 000 PHP
Payment terms: Up to 3 months
Processing fee: 10%
Approval time: 1 hour
Thanks to Online Loans Pilipinas you can get a loan without visiting the office. The absence of a complex lending process can significantly save time, which is important for most people.
The initial loan processing takes an average of 8 minutes. This will require:
After you submit your application, the manager will contact you to confirm the loan application and the relevance of the information you provide.
The main requirement imposed to the borrower is the age and presence of permanent income. The loan is approved for residents of the Philippines of the age category from 20 to 60 years.
Online Loans Pilipinas differs against the background of similar microfinance organizations by the following criteria:
Please note that the company’s website has an online calculator that allows you to independently calculate the crediting period and the minimum payment. Everyone can use this tool (for free). These calculations will allow the borrower to make a payment schedule based on his income.
Online Loans Pilipinas is selected every day by hundreds of Philippine residents who need money. This demand is due to the minimum lending rates and transparent conditions.
When selecting a financial organization, it is worth considering the methods of making payments. You can complete this procedure both through your personal account and at 7-Eleven offices located in the Philippines. The process of repayment of debt will not cause difficulties even if you use this type of service for the first time. It should be noted that when concluding a loan agreement, you will be given a personal account number on which you can make minimum payments.
To get a microloan, just follow a simple algorithm:
Experts advise to make timely payments on the loan. This way you can avoid charging penalties. This will affect the amount of your next loan, which can be significantly increased.
You can return the loan as a single amount or in parts. The main thing is to make payments in the period strictly specified in the contract. Online Loans Pilipinas cooperates with proven payment systems through which you can transfer money:
To make an online transfer you will need:
|Philippines||803 Antel Corporate Center, 121 Valero St., Salcedo Village, Makati City 1227||Daily from 9.00 to 18.00|
|Philippines||Salcedo, 197, Legaspi village, Makati, 1229 Kalakhang Maynila, 7th floor.||Monday-Friday from 9.00 to 18.00|
|Min. financing amount||₱1000|
|Max. financing amount||Up to ₱20000|
|Min. loan tenure||1 months|
|Max. loan tenure||1 months|
|Interest rate||37.5% - 37.5%|
|Approval duration||Up to 48 hours|
|TERM||1 months||2 months||3 months||4 months||1 months|
|One time setup|
|Processing fee||PHP 500|
|Disbursement & misc. fee||N/A|
|Other fees||PHP 700 for late payment|
|Early settlement||no information|
|Late payment charges||1%|
|Other penalties||no information|
|Need to open linked banked account?||Yes|
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.
Accepted banks are:
Banco De Oro
Bank of the Philippine Islands
Philippine National Bank
Asia United Bank
BPI Family Savings bank
Bank of Commerce
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 an Online loan.
The longest loan period is 90 days.
|Full company name||Online Loans Pilipinas Corporation|
|Address||197 Salcedo, Legaspi Village, Makati, 1229 Kalakhang Maynila, 7 floor|
|Phone number||(02) 405 5171|
I have used online_loans_pilipins two or three other times this time my internet went down to the middle of the process I called them and customer service JP answer the phone help me out to verify all the information that I sent in and it was all there very courteous very knowledgeable made me feel like they really wanted my business will definitely tell all my friends and family wonderful wonderful company