Frequently Asked Questions

To receive the required loan quickly, follow these simple steps: 
- Compare and choose a suitable microfinance institution. 
- Fill out the application form with your personal details on the chosen lender's website. 
- Allow a few minutes for application processing. 
- Familiarize yourself with the terms and conditions of the approved loan. 
- Receive the money directly into your bank card! 

Eligibility criteria vary among lenders but typically include being at least 20 years old, having a regular income, being a resident of the Philippines, and having an active bank card and phone number. 

Interest rates are determined on an individual basis. They vary depending on factors such as the lender, loan terms, and your credit history. On our site, you can find loan offers with interest rates ranging from 0% to 180%. 

Despite a poor credit history, some lenders are open to providing loans to individuals in such situations. However, it's important to note that the interest rates may be higher. It is crucial to carefully consider your ability to repay the loan on time to avoid any potential negative outcomes.  

It depends on the particular lender and how the money is received. Usually, if you use an online transfer to your bank card, the money can be in your account within minutes or hours. If you choose to receive money at a bank branch or in cash, then it may take a little longer. 

Failure to pay can result in penalties and higher late interest rates. In addition, it can negatively affect your credit history and your future creditworthiness. If you are unable to repay your loan on time, it is recommended that you contact the lender and discuss the possibility of extending the repayment period or debt restructuring. 

There are various methods available to make loan payments, including bank transfers, Visa/Mastercard, and alternative payment systems. Detailed information regarding payment options can be found on the websites of the respective lenders. 

Certainly, you have the option to repay the loan before the scheduled due date. We advise you to have a conversation with the lender beforehand to gain clarity on any potential charges or penalties that may be associated with early repayment. 

Online loans should be considered in cases where you need urgent financial assistance and traditional lending methods are not suitable. For example, if you can't go to a bank, you can't get a credit card, or you have a bad credit history. It is important to understand that online loans are a short-term solution to financial problems and should not be used to pay off debt regularly. 

To obtain a loan, a permanent job is required, as this guarantees the return of borrowed funds to the lender. However, in some cases, you can get a loan without a permanent job, for example, if you have other stable income, guarantors, collateral or good credit history. In any case, the decision to grant a loan is made individually by each lender based on many factors, including the financial history of the borrower.