LoanChamp is a good helper for Filipinos, who need a little money until a paycheck.
Basic conditions:
Available amount – 3000-10000 PHP
Possible terms – form 5 to 30 days
Interest rate – 0,35% – 0,5 % per day
Age gap of the client – 20-60 years old
Requirements to the borrower: 1 valid government issued ID. Active mobile number and social media account (e.g. Twitter, Facebook, or Instagram). Minimum one month payslip or Certificate of Employment. Self-employed individuals submit ITR or Business Permit.
How to get a loan from LoanChamp (Y Finance Inc.)?
The process of lending money has never been that simple. Only four easy steps separate you from the emergency cash you need.
- Download LoanChamp application from Google Play
- Register and sign in (it will take less than a minute)
- Apply online (it will take no more than 10 minutes)
- Get cash after approval, sometime just in one hour (choose the closest branch from the list of 3000 locations)
About interest and fees
For FlexLoan, the interest rate accounts from 0.35% to 0.5% of the loan amount per day. To shorten client’s burden, company’s managers offer the most competitive interest rate. Besides, if repayments is completed earlier, clients even save a share of interest expense.
The list of applied fees may vary depending on details of the personal cash loan:
- Processing fee accounts 5% of the loan amount
- Online loan disbursement fee: from 0 to 65 PHP (depends on the channel of getting cash)
- Payment handling fee: from 0 to 25 PHP (depends on the channel of repaying money; client pays it when returning money)
- Late fee and penalty rate: applied only in cases of failing it-time repayments.
