Fill in the application and receive the money in your bank account.
Fill in the application and receive the money in your bank account.
Permanent resident of Philippines aged 20-70 with any credit history, bank account in a Philippines bank and an active telephone number.
The first loan is from 1000₱ to 10000₱ with 0% commission fee if the loan is repaid on time. Lenders offer different repayment periods at a discount of -100% on a loan commission, more information on each lender's website.
The annual percentage rate for loans on the Internet can range from 0% to 180% per year.
If the loan is not repaid on time, the lender may charge a penalty of the total amount for each day of delay. In the event of late repayment without the agreement of the lender, the lender may unilaterally transfer the debt collection to third companies.
Repaying your loan on time creates a good credit score that increases your chances of getting a better loan in the future.
If a 2000₱ withdrawal is made, the APRC is 108.69%, the annual interest rate is 81.94%, and the total repaid amount ₱2940.44. This example is based on the assumption that the loan will be repaid in 14 equal payments at a monthly payment of ₱200 and the last monthly payment of ₱140.44. APRC is the total cost of the loan expressed as an annual percentage of the total amount of credit granted. The maximum APRC is 180%. More information on each lender's website.
If you no longer wish to receive Soscredit emails and newsletters, please click here.
