FAQ

Can I receive a online loan

The online loan can be obtained from 20 to 70 years of age. To apply for a online loan, you need to be solvent and have a bank account with a Filipino credit institution, a mobile phone. You need to fill out an application form (for new customers to pay the registration fee), wait for the decision to be notified by a customer service representative and/or receive a text message and/or email.

What is the maximum amount for a online loan

Each client is evaluated individually. The maximum online loan for new clients is 10000 ₱. It is possible to borrow up to25000 ₱ after repaying the loan by the due date.

How quickly can you get money in your bank account

In the case of a positive answer, the money will be deposited to the client's bank account immediately. On average, money can be received in a bank account within 15 minutes if the lender and the borrower have a bank account in a matching bank. If you have a bank account with another bank, it can take up to three days to get the money you need. Money transfers are only made during the lender's business hours.

Can I receive extra amount of money

You can apply for an additional loan if the maximum amount of the online loan is not used.

Is pledge or guarantor required

You do not need a guarantor or pledge to get a online loan.

Do I have to have a formal income when applying for a online loan

To apply for a online loan, you must have regular income

Is it possible to repay early

It is possible to repay the loan faster than indicated in the payment schedule. Please contact customer service for the exact amount of money remaining.

In which city is it possible to get a loan?

You can apply for a loan in any city in the Philippines

Why my online loan application was declined

An application for a online loan may be rejected if the information provided is incorrect or entered incorrectly and the applicant has outstanding debts.

Is it possible to repay early

It is possible to repay the loan faster than indicated in the payment schedule. Please contact customer service for the exact amount of money remaining.

Can I repay my loan in a bank?

You can repay your loan at any branch of a bank.

What if I can’t repay my debt within the time limit

Repayment of the online loan shall be made according to the agreed schedule, in case of failure to pay the due dates, penalty interest will be applied. Please contact our Customer Care Center to find a solution to your credit delay.

What happens if a payment or invoice is delayed?

Failure to pay the invoice is in violation of the online loan terms and conditions. Conversely, in the event of late payment of the invoice, interest may be charged in accordance with the terms of the contract on the outstanding invoice, as well as the costs of sending reminders and recovering the debt.

What is a client profile

Customer profile on lender's website: Customers can see credit status, available funds, payment history, existing customers can apply for additional money.

What is a non-commissioned online loan?

For new clients, the first 62 days may be offered free of charge. This means there is no commission for the first 62 days.

How to apply for an additional online loan amount

You can apply for an additional online loan in your customer profile.

What are the benefits of Soscredit?

By choosing an online lending service, you get the opportunity to get a loan 24 hours a day, 7 days a week, without going to a credit institution.