In the life of every person, unforeseen circumstances related to a difficult financial situation can arise. Often in such cases there is no time to search for acquaintances who are ready to lend the necessary amount of money.
Getting a loan at a bank also requires a lot of time and effort - after all, for this you have to visit a bank branch, collect various documents or look for people who are ready to become guarantors.
That is why the optimal solution in such situations is to contact a microfinance organization. Thanks to the use of MFI services, a quick online loan on a card can be obtained in just one day.
Individuals with a bad credit history face refusals when trying to get a loan from a bank. Microfinance institutions are more tolerant of negative credit history, and many of them are willing to consider clients who previously had late payments. But still, to increase the likelihood of approval of the application, it is recommended to pay off all existing debts before applying to the MFI.
The possibility of obtaining a microcredit is available to all adult citizens of the Philippines who have a passport and an identification code. In addition, to submit an online application, you need a personal phone number and a bank card registered in the name of the borrower.
A quick microloan is most often used as financial assistance until the next salary, so the purpose of registration does not affect the decision of the company. MFIs become clients in various cases, for example, when it is necessary to urgently pay:
Microfinance organizations do not ask for a certificate of income, and even people without official earnings apply to them. However, in order to pay off the debt on time, you need to have a stable income, the amount and frequency of which is usually indicated when filling out the application.
Most MFIs have a fairly high loan approval rate. If a potential borrower meets the requirements of the company and provides reliable information about himself, he has every chance of getting a positive decision from the organization.
The process of obtaining a microcredit is not only fast, but also very convenient. To do this, you do not need to visit the MFI branch - the application is available online from any mobile or computer device. On average, consideration takes up to half an hour, but some companies use automatic verification of information and make a decision almost instantly.
A quick online loan is issued in several stages:
Credit funds are credited to the borrower's card on the day of application, most often immediately after the conclusion of the contract. For each day of using the loan, certain percentages are charged, and in the client’s personal account on the MFI website at any time you can find up-to-date information on the full amount of the debt.
Our service is designed to view offers from the best Filipino microcredit companies. It contains MFIs that are most in demand among consumers. The site helps potential borrowers save their time when looking for a microfinance organization, because here you can quickly compare many institutions and focus on the most suitable one.
After choosing a company, it is recommended to visit its website and carefully study the terms of lending. At the same time, depending on your needs, you should take into account the minimum or maximum available amount, the range of terms for which the loan is issued, as well as the interest rate. Some companies hold promotions during which microcredits are available at a reduced interest rate or at 0% (for new borrowers).