Credit PesoBy MICRODOT LENDING CORPORATION .
Currently, information technology is increasingly developing. Along with that, the online financial market is more vibrant than ever. Countless apps and websites have been launched to serve the credit needs of customers. Among the top 10 reputable online lending apps, Credit Peso is proud to be the best service provider. So, what characteristics and features make the app so appealing to many people?
Introduction to the Credit Peso app:
The app was launched in the credit market in 2020 and has been around for 2 years. The reputation it has gained at this time is evidence of the app’s success. The application continuously improves its policies to offer customers the most attractive loan options.
Being honored as one of the top 10 trusted online lending apps partly affirms the reputation of Credit Peso. The app registration process is extremely simple. You only need to own a Smartphone with an internet connection, and you can register for the app anytime, anywhere.
In addition, customers can also borrow through the unit’s website. This ensures a smoother user experience without interruptions. The app offers various personal loan packages to suit the needs of each individual. The company guarantees that the money will be credited to your card immediately.
What are the advantages and disadvantages of the app?
In order to meet the credit needs of customers, the app’s developer continuously improves the quality of its services. However, alongside its outstanding features, the app still has some limitations that need to be addressed.
Advantages of the app:
- This is a flexible form of online lending. With a streamlined process, it only takes 15-30 minutes to complete.
- It serves the customers’ needs for borrowing money for rent, daily expenses, shopping, entertainment, etc.
- The app’s interface is designed to be simple, user-friendly, and scientifically structured, providing customers with the best possible experience.
- After registering for the app, customers’ profiles are immediately approved and disbursed quickly. At the same time, users can track the status of their applications and approvals.
- Customers can perform loan operations anytime, anywhere.
- The app does not charge any service fees or appraisal fees.
Limitations of the app:
- The loan amount is small, so it may not be suitable for customers with investment or business capital needs.
- The interest rates for loans through the app are higher compared to borrowing from banks.
- This online credit lending method carries certain risks. Therefore, customers need to thoroughly research and consider before taking out a loan.
What are the loan requirements for customers?
Although the Credit Peso app was created to serve customers’ loan needs, not everyone meets the requirements for borrowing. Therefore, in order for the loan process to go smoothly, users need to consider the following conditions:
- Customers must be between the ages of 20 and 60.
- They must be citizens of the Philippines, currently residing and working within the country.
- When registering, they need to provide personal identification documents such as their ID card. These identification documents must be genuine, unaltered, and in the customer’s name.
- They need to provide a valid phone number and an active, personal bank account.
- Customers must have a stable monthly income.
- Loan amount: The loan packages on the Credit Peso app range from PHP 100 to PHP 15,000, depending on whether the customer is new or existing.
- Loan duration: Customers are allowed to make installment payments for a minimum of 7 days and a maximum of 180 days (6 months).
- Interest rate: As mentioned, credit loans through the app have higher interest rates compared to banks, ranging from 20% to 30% per year. Therefore, customers should make early repayments to avoid late fees and additional charges.
How to register for a loan on the Credit Peso app
The loan registration process on the Credit Peso app is extremely simple. Just follow the steps below:
Step 1: Customers download the app to their mobile phones. The app has a lightweight size of 25MB, suitable for all types of devices. Currently, the number of app installations has reached over 800,000+.
Step 2: After successfully downloading the app, you tap on the app icon to open it. Fill in the required information, including the loan amount, repayment term, as well as the bank account number and account holder’s name.
Step 3: Verify the data by providing accurate and complete ID card (ID) information. All information is securely protected. Therefore, customers need to update their information truthfully to expedite the approval process.
Step 4: Wait a moment for the system to review and authenticate your credit profile. This is done to ensure the benefits of both parties.
Step 5: If your profile is successfully approved, the money will be automatically transferred to the bank account you provided. This means your credit needs have been addressed.