Fintech organizations working in the Philippines need to get a license required. The regulator called SEC deals with licensing of financial companies and services. On the portal sec.gov.ph, they publish lists of companies when you can find reliable services.
And yes, Lemon Loan service is among such organizations. It operates under the legal name of Joywin Lending Investor, Inc. So, this means that this is a trustworthy company that has passed all the necessary checks, has passed all the required inspections of the regulators, and is deemed a reliable loan company.
The advantages of Lemon Loan
The Lemon Loan app is an internet money loan company operating in the Philippines. You don’t need anything else to use this service except a mobile app. It would help if you had Philippine citizenship and not be under 18. Among the requirements of getting loans has a government-issued ID. The users of the service regard Lemon Loan Philippines as a service of choice.
You might ask how you can get your loan. To receive a loan via this service, you need to download the Lemon Loan mobile app.
- First, you need to choose the loan amount required, and the time you’re going to pay it back. Then, you’ll need to type your name and the bank account to get the loan amount. There are four steps to be approved.
- After doing so, there’ll be a call from the support team representative, which updates your loan status.
- Then, you’ll be able to receive your money from a bank account.
How to Get an Online Loan from Lemon Loan
For instance, if you’d like to get 2000 pesos for 90 days, the total fee of the financial company and the interest will be 480 pesos.
Your loan amount is 1520 pesos. After that, you’ll have to repay 2000 pesos during the selected time. Unpaid interest is going to be 1-2% daily.
The company cares about the privacy of its users, protecting their data. You can also receive protection of your data and also the terms.
Almost all the applications get approved. So, the chances are that you’ll get a loan almost instantly.
You can find reviews of Lemon loan on its profile on Facebook. Read and leave your thoughts to help other people decide on the service.
Users can be approved very quickly and then get their money in their bank accounts or e-wallets. The service doesn’t ask for follow-up credentials from their clients. You need to fill out your personal information and show your government-issued ID card. So, you can get your loan fast and almost instantly, without a hitch.
The Lemon Loan app is a reliable loan service for people from the Philippines. This is a ready-to-use mobile app If you have Philippine citizenship and are 18 years old or older. A government-issued ID and the appropriate age are the most critical requirements. You can find the company contacts on the official website.