Photo Source: PondoPeso Website
Borrowing money is easier and faster than you thought
In the rise of CoVid-19 cases and the high rate of unemployed in the Philippines, borrowing money just to meet ends is one of the common practices of Filipinos. But if leaving your house is a risk, will you consider checking PondoPeso app?
What is PondoPeso
PondoPeso is one of the unique Fintech platforms in the Philippines that promises to provide financial assistance to every Filipino anytime and anywhere. PondoPeso’s services are based on mobile internet security technology and can be accessed through downloading their official mobile app.
Benefits of PondoPeso
There are unique benefits that PondoPeso guarantees. Below are some of the benefits that you can review and take into consideration:
Quick loan
- PondoPeso guarantees the fastest loan approval. With just 8 minutes of your time, approval or disapproval result will be released.
- Total of 1 hour waiting to release the cash loans to your account
Smooth Online Application Experience
- Since PondoPeso is a mobile app, there will be no paperwork. All applications can be finished online by just submitting one valid government ID.
- Automatic Online Audit
- PondoPeso guarantees quicker loan application than any loan platforms (130 minutes application to be exact)
Interest and Fees
- Fees or interests are fully transparent and has a clear description of terms and conditions
- PondoPeso has low-interest rate up to 40,000.
Installment Plan
- The borrower will be given a chance to pay via installment if funds aren’t available during the loan due date.
- The installment button in the app will appear a day before and during your due date.
Easy Steps to Apply for PondoPeso Loan
Applying for PondoPeso Loan is just quick and easy. Follow these steps to start your online application:
Step1：Register using your android or apple phone.
Step2：Submit your personal information such as full name, address, mobile number, valid ID, etc. Guaranteed no paper works needed.
Step3：Apply your preferred loan product and wait for approval.
Step4：A cash loan will be transferred to your account within 1 hour.
Eligibility to Apply for Cash Loan
- The borrower must be of legal age, 18 years old and up
- The borrower must provide job details or company ID
Where to Claim the Cash Loan
PondoPeso has different remittance and eWallet partners. Cash loan can be claimed through Gcash, CoinsPh, Cebuana Lhuillier, RD Pawnshop, MLhuillier, etc.
Loan Terms
PondoPeso’s repayment timeframe is only 14 days to 21 days. PondoPeso guarantees its customer that if they repay the loan on time, their credit limit gets higher.
Repayment Method
There are 3 easy steps to repay your loan on time whether through online or offline payment centers.
Step 1:Open your PondoPeso app and enter your valid email to receive the transaction number and barcode in your email account.
Step 2:Tick the check button of the “I agree to the terms and conditions” in the app.
Step 3:Select your nearest branch in each channel’s online and offline method for you to repay the loan amount.
As of Next Steps
Borrowing money from a lender or from a fintech is a common practice among Pinoys even before the pandemic and retrenchment happen. Just be wise in choosing your lender and review the interest rate, terms, and conditions. In case you are in need of money, try PondoPeso as they guarantee low interest rate and a high chance of approval.
