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18/02/2024
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Description

Madaloan is a financial company headquartered in the Philippines and operates in numerous countries worldwide. Established in the Philippines since 2023, Madaloan currently provides consumer loan and installment services for both individuals and businesses. It offers cash loan packages, phone installment plans, and home purchase options. With over a year of operations in the Philippines, Madaloan has become the top choice for many customers here.

Why Choose Madaloan:

Madaloan offers several notable advantages that attract users to the company’s products and services, especially:

Flexible loan conditions: Madaloan provides flexible loan packages ranging from ₱ 800 to ₱ 8000 for Filipino residents, enabling customers to repay according to their financial capabilities.

Attractive interest rates: With competitive interest rates of just 18% per annum, loans from Madaloan not only help customers address financial issues but also help them save on costs.

Professional service: Madaloan has a team of professional staff providing dedicated support to customers from application to loan completion, without early debt reminders.

Simple procedures: Applying for a loan at Madaloan is straightforward and fast. Customers need only register through the loanapp.store website or Madaloan’s mobile app and await the quickest approval results.

Customer-friendly policies: Madaloan offers benefits for returning customers, allowing them to save costs and streamline procedures when using the services. Fast loans extend up to 210 days for all customers

Madaloan’s Loan Packages

Madaloan provides financial consumer loan products for individual customers, including:

Personal Loans

This package allows customers to borrow money for personal purposes, such as shopping, traveling, home decoration, paying tuition fees, or other expenses.

Car Loans

This product offers customers a loan to purchase either new or used vehicles.

Home Loans

This package allows customers to borrow money to buy apartments or land, with loan periods extending up to 20 years.

Madaloan’s Loan Eligibility Criteria

General Requirements

Age: Customers must be at least 18 years old and not older than 61 years (for personal loan products) or not older than 66 years (for home loan products).

Income: Customers need to have stable income and the ability to repay the loan. The minimum income requirement may vary depending on the loan product and geographical area.

Credit History: Madaloan will assess the customer’s credit history to determine their ability to repay debts and confirm the loan. A good credit history increases the likelihood of loan approval.

Personal Documents: Customers must provide personal documents, including identification papers, residency proof, business registration certificates (if applicable), utility bills for address verification.

Family Assessment Requirement

During the loan application process, Madaloan may request information about the customer’s family members, such as those residing at home, family members at the workplace, or those with stable incomes, to assess the customer’s repayment ability.

The provision of family information is solely for the assessment of the customer’s loan application and is kept confidential in accordance with Madaloan’s data protection policy.

Steps to Borrow Money at Madaloan

To borrow money from Madaloan, you can follow these steps:

Step 1: Explore and select a suitable loan package

Access the Madaloan mobile app to explore various loan products such as cash loans, phone installment plans, or home purchase options.

Step 2: Apply for the loan

After choosing the suitable loan product, proceed to apply for the loan by providing personal information and details regarding the purpose of the loan.

Step 3: Submit documents and await approval

Upon application, submit the required documents as per Madaloan’s request and await the approval results. The approval process will take place as quickly as possible, typically ranging from 45 minutes to 2 days.

Step 4: Sign the contract and receive the loan

If your application is approved, Madaloan will contact you to sign the contract and receive the loan amount. In case your application is not approved, Madaloan will notify you to address any additional concerns.

Step 5: Repay the loan

After receiving the loan amount, ensure timely periodic repayments as agreed upon in the contract. Madaloan offers various payment methods such as bank transfers, direct payments at stores, or through online payment channels for customer convenience.

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