One of the major problems in the Philippines is the high cost of credit. This means that most Filipinos cannot borrow money and start a business. Instead, they have to depend on their savings.
But is there a way to solve this problem? This article talks about the need for affordable credit for Lendpinoy Philippines and how the company can solve this problem.
Lenpinoy – Fast Approval Online Legit Loan App
Table of Contents
Overview Of Lendpinoy Philippines
| Financing company | AND Financing Corporation |
| Registration no | CS2018840930 |
| Certificate of authority | 1187 |
| Celebration date | 07-11-2018 |
About Lendpinoy
Lendpinoy is a mobile app that advertises personal loans and provides loans to the people of its country. Their goal is to make their fellow financially secure while helping them build their businesses.
Following the digital development of today’s world, Lendpinoy offers online loans for Filipinos without having to worry about the hassles of going to the bank.
People can access the necessary capital through this online lending service without leaving collateral in a financial emergency.
This often refers to individuals who require a small amount of cash for a start-up business, an emergency, school tuition, automobile repair, house maintenance, or other financial commitments.
Overall, it is an excellent choice to bank loans if you don’t want the lengthy process of applying for them and the associated wait time.
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Tiips: You can also get easy cash from Lemon Loan
Requirements
The service is available to anyone between 21 and 60 who are residents of the Philippines and employees. The candidate must meet the following requirements:
- A legitimate government identity card (passport, driver’s license, postal ID, Unified multi-purpose ID, professional identification card, and so on).
- Email and phone verification code sent via mobile phone or email.
- Voice call confirmation
- Selfie confirmation
Types of loans
CLiQQ Lendpinoy
The loan interest rates from Lendpinoy Philippines are listed below. Still, each applicant may use only one loan product at a time.
1. Micro loan
If a borrower needs a small loan and is looking for terms from 7 to 30 days, this option is recommended.
The credit loan ranges from Php 1,000 to Php 12,000. Depending on the borrower’s ability or work record and other circumstances at a given time, the amount of credit will depend on.
The company accepts a single payment when the debt matures in terms of payment. However, if no payment is received when the loan is due and payable, you will be charged an extra 0.5 percent each day.
2. Salary loan
Employees of partner companies are the only ones who can get a loan. However, a salary loan precludes them from applying for a LendpinoyX or Micro loan.
Clients are eligible for borrowing up to PHP 50,000 through their in-house program, 60% of the client’s net income before taxes.
The interest rate for this loan is about 5% a month, but you will have to pay it back within 3-6 months of receiving the loan.
To determine how much money you need to take out, create an excel plan to make sure you can meet the monthly payments. Then, be on time or add 0,5% amount penalties!
3. Voucher loan
This loan is open to both new and returning Lendpinoy customers. One can apply for the loan via their Lendpinoy wallet app. The loan amount is utilized to purchase credits, a CLIQQ e-wallet at 7-Eleven, or a Ministop partner retailer.
You cannot convert CLIQQ e-wallet credit into cash. It is only used for items and services.
The loan amounts range between Php 100.00 to Php 500.00 with varying interest rates from 0.60% to 1%. The final total depends on the amount borrowed, length of stay, and other considerations.
The loan matures after 14, 21, or 30 days but there will only be one payment when it expires regardless of how much you owe. Late payments incur a penalty fee of 1% per day.
In addition, they also reward their clients with a free 5% bonus credit to your CLIQQ e-wallet for each authorized loan!
4. Fare load loan
With the tagline “Ride now, pay later!”, this transportation loan supports general transportation needs. Besides modern jeepneys, there are buses and trains, including MRT-3 and LRT-1 and -2.
Public transportation loans help people make their journey easier no matter where they’re going because it’s free to use. Lendpinoy provides this Philippine service to help fellow Filipinos manage their finances.
The client has to make a down payment for a loan of Php 200.00 to Php 500.00 with an interest rate of 0.6 – 1% per day with loan terms 14, 21, and 30 days. When the debt matures will be payable in a single payment with late fees of 1% extra every day.
Want to get cash fast and easy?
Contact
Address: Metro Manila, Makati City.
Email: Contact@lendpinoy.ph
Hotline: 0917.877.5363/ 0961.660.0658/ 0908.890.5389.
Tips: You can also get easy cash from PJH Lending Corporation
Why Do Customers Prefer Lendpinoy Service?
Lendpinoy Loan – Free Charges & No Processing Fee!
Customers prefer Lendpinoy because of its honest customer service representatives. In addition, the application process is smooth, and you have your money within minutes.
They offer extremely competitive interest rates and a simple online application process. At the same time, payment terms are longer than other lenders.
Clients have found the company to be a trustworthy and reliable lending partner. As a result, customers have softened their financial situations by receiving help from Lendpinoy Philippines. Today, Lendpinoy is rated as the 5th top lender in the country.
How Do I Get A Loan In Lendpinoy?
- Get the Lendpinoy loan app from App Store or Google Play.
- Sign up for a Lendpinoy account and fill out all of the required information.
- Decide how much money you want to borrow.
- Choose a borrowing length of 14, 21, or 30 days.
Final Thoughts
Lendpinoy’s mission is to help Filipinos grow financially while helping its investors get better returns.
We are pleased to say that Lendpinoy has been a great success so far! It has received positive reviews, and we have spoken with some people who are interested in it. We are excited to see what the future holds for Lendpinoy!
Want to get cash fast and easy?
