LibrePeso is the newest online personal loan service in the Philippines market. The quick and simple loan application process allows anyone with a valid ID to participate in the app. The service offers a variety of loans, quick disbursement, no need for personal asset collateral, no identity verification required, simple loan procedures and documents, and is currently offering first-time customers free consultation and support services.
Guide to Register for a Loan Profile on the Sky App LibrePeso
To borrow money on the app, you need to follow our guide for the quickest success:
Step 1: Quickly download the app to your phone to register for a loan
Step 2: Fill in your personal information on the app as required
- Full name
- Bank account number
- ID card
- Phone number
Step 3: App staff will advise you on selecting the most suitable loan package and term
Step 4: Confirm loan information on the app
These are the 4 steps to guide customers to register for a loan quickly on the app. Just follow these 4 steps and you will surely succeed in borrowing money.
Information about Loan Packages on the App LibrePeso
Here are the details of the loan packages on the app for customers to consider before making a credit decision:
Loan Amount
LibrePeso offers customers loans with a package of: ₱ 40,000 – ₱340,000. For first-time customers on the app, they can only borrow up to ₱ 20,000 within a half-month repayment period. Once you complete the loan, you can borrow any amount you want.
Loan Interest Rate
The interest rate for borrowing money on the app ranges from 11% to 19% per year. While the interest rate may be higher than at banks, when borrowing from LibrePeso, customers are not required to declare assets or anything else. When borrowing from a bank, the interest rate may be slightly lower, but it takes a lot of time to successfully borrow money.
Loan Term
The loan term on the app is from 90 days to a maximum of 180 days. Currently, LibrePeso is the app with the longest online loan term. If you reach the repayment deadline and still do not have enough money to repay the loan, you can apply for an extension to pay off the loan.
Information to Prepare When Applying for a Loan on the LibrePeso IOS
To successfully borrow money from LibrePeso, you need to prepare the following information:
- Be over 18 years old and a citizen of the Philippines
- Have a stable income and employment
- Be able to repay the loan on time
- Original ID card, citizen ID
- Have a phone for loan registration
- Nationwide support
Notes When Borrowing Money on the Online App
- The best time to apply for a loan online is in the morning when the service is at its best and easier to implement. If you apply for a loan in the afternoon, there will be many customers waiting.
- Do not borrow on holidays or at the end of the month, as these are rest days. If you borrow on these days, you will have to wait until the next day for the loan to be approved.
- When borrowing on the app, you need to provide accurate information to successfully borrow money.
Contact Information for LibrePeso
Address: XVHV+M98, Baliwag, Bulacan, Philippines
Hotline: +639176308963
Email: [email protected]
Website: https://www.librepeso.com
Those are all the details about the LibrePeso app we have covered in this article. If you want to know more about any online loan app, please comment below so we can provide you with the most accurate information about that app.
