Microloan company LoanRanger provides financial support to Filipinos, when they need up to 10000 PHP. The funds are provided to a maximum term of 3 months under 0,65% of interest per day.
What are the requirements to the borrower?
The requirements to the borrower are common for most online lending companies: Filipino resident, of 18 y.o. and older, with a stable income (proved by a document), valid government-issued ID.
How does it work?
In order to submit your personal loan request, you need to determine the exact amount you want to borrow. For the first time, you can apply for up to 10000 Php. Putting the sliders on the appropriate position on the main page of the site, determine the term of the loan. The full amount of the loan for repayment will be calculated automatically and shown to you. If you agree with the terms, proceed with your application to the next step.
Application process is easy but requires filling out some personal information and attaching documents. This is due to the need of verification of the borrower’s person and his solvency and ability to repay the loan.
Within a day, you will get the decision on your loan application or in an hour . You might be proposed with a slightly different terms or amount of loan. In case of approval of your loan application, log in to the official site and transfer the amount of money you ask for to your bank account.
What else do you need to know about taking a loan from LoanRanger?
Early repayment of the emergency loan is possible and even welcomed. Amortization of the loan will not change because of that. He client earns good credit history and raises his rating for future lending.
Before you apply for a loan in LoanRanger, please, make sure the amount you take is affordable for you. Repayment of the loan is a must. In case of failure of repayment, you will be charged with late payment fee. Besides, your credit history will be damaged, which will cause difficulties for future lending. In case you experience difficulties, which influence your ability to repay the loan in time, contact LoanRanger managers ASAP. Together, you will review your possibilities and find the way out.
It is impossibly to apply for another loan, while the previous one is not repaid yet. As soon as you close your debt, LoanRanger is ready to provide you with the next financial support till the next payday.