Finding a fast and convenient loan app that is also reliable can be challenging because there are many fraudulent websites online. To avoid such undesired situations, we now introduce the NeedLoan app, providing safe and convenient online cash loans for Filipino users. This app aims to help people in the Philippines address their financial issues securely.
Loan Process with the NeedLoan App
Guide to Quick Loan Application
Step 1: Access the official loan app to initiate the registration process.
Step 2: Fill in all required information accurately
- Phone number
- Full name
- Select loan amount
- Provide identification
Step 3: Confirm loan information within the app.
With just these simple steps, you can successfully apply for a loan with a success rate of up to 98%. After submitting, wait for the app to review and approve your application. Once approved, the funds will be deposited into your account.
Loan Requirements with the NeedLoan App
- Must be a citizen of the Philippines.
- Must possess valid personal identification documents with remaining validity.
- Require a bank account and registered phone number in the applicant’s name.
- Age requirement: Borrowers must be between 19 and 49 years old.
- No history of bad debts anywhere.
Loan Package Information with NeedLoan
Loan Amount for Customers: ₱12,500 – ₱50,000 Loan Term:
Shortest term is 90 days, longest term is 150 days
Interest Rate for loans through the app currently ranges from 10% to 15% per annum
Example of a Personal Loan
Loan Amount = ₱2,000
Loan Term = 125 days
Annual Interest Rate = 3.65%
Total Interest Amount = ₱73
Payment Channel Fee = ₱40
Amount Received = ₱1,960
Example: If the loan amount is ₱2,000, the loan term is 125 days, and the interest rate is 3.65%, then the total service fee will be ₱2,000 * 3.65% = ₱73. The total amount to be repaid is 2000 + 73 = ₱2,073
The loan repayment period on the app is quite long compared to other loan apps, allowing borrowers ample time to repay the loan without worrying about default.
Advantages and Disadvantages of Borrowing with NeedLoan
Advantages
- Customers can apply for loans conveniently through the app on their smartphones.
- Simple and easily achievable loan requirements accessible to everyone.
- Nationwide support for loan services across the Philippines.
- Simplified loan application process requiring only ID verification.
- Quick assistance for all loan inquiries.
- Flexible loan terms to suit different needs.
- Customers can repay loans earlier than scheduled without penalty.
- Low and attractive interest rates suitable for all users.
- Absolute data security ensuring privacy protection.
- Clear disclosure of loan details allows customers to understand their loan terms and interest rates.
Disadvantages
- Limited loan amounts and short loan terms available.
- Higher interest rates compared to traditional banks.
- Frequent reminders and follow-ups if loan repayments are not made on time
Contact Information for NeedLoan
Company Name: New Fly
Lending Company SEC Registration Number: 2021110032427-00 Certificate of
Certificate of agency Recognition: L-21-0087-69
Please get in touch with us for any feedback, suggestions, questions, or concerns. Feel free to contact us.
Customer Service Email: [email protected]
Customer Support Advisory Services
NeedLoan has received numerous positive feedback from users who have utilized its services. The application’s staff provides enthusiastic and attentive customer support, always ready to assist customers even in the most challenging times. Therefore, the app prioritizes customer advisory services to ensure customers have a great experience.
NeedLoan is always ready to assist customers facing financial difficulties. The app continues to improve to meet all customer needs. Wishing you success in borrowing money through the app.
Other Loan Applications: Pesoloan
