Digido is a legit and state-licensed online lender. Digido stands out from its competitors with a fully automated online portal and highly innovative, customer-friendly financial solutions.
Our automated loan lending system makes independent decisions based on each application and transfers money within a few hours. We provide a wide range of loans from 0% interest promotional loans to non-collateral loans of up to PHP 25,000.
As a licensed lender, we adhere to the lending rules and regulations without any compromise. We do not inflate the interest rates to cover the risks of a borrower with bad credit history. Similarly, we don't indulge in unethical practices such as hidden charges or asking for upfront commissions to exploit the applicant's vulnerable position.
Digido realizes that not everybody can make loan applications through our online platform or our mobile application. Our banking professionals, with their customer-friendly approach and domain expertise, help such people secure the right loans without any confusion or inconveniences. You can choose your own option to make a loan - come to our office or apply for a loan on the website.
All operations are performed online - you don't have to leave your house.
In only 4 minutes you can receive up to ₱ 10 000.00 on your bank account.
We don't require guarantors representation, documentation, or guarantee deposits.
The service is fully automated.
What are Online Loans?
Whatever your earning level is, a proper financial plan alone can make you a financially independent person. Still, an unexpected requirement for money can ruin your plans. To tide over such situations, you may have to depend on loans from friends, relatives, banks, or lenders.
Traditionally banks are the best option for any loan due to their low-interest rates and more flexible loan conditions. But the requirements for a broad set of documents, good credit score, and lengthy approval time are some of the valid reasons for a borrower to turn away from banks and look for alternatives, mainly lenders.
When an emergency strikes, not everybody has time to visit different lenders or bank branches and compare the loan terms. As an alternative, banks and various financial institutions offer loan processing through an online interface, known as “Online Loans”.
Online loans give a slew of irresistible features for a prospective borrower:
One can easily compare the loan terms from different lenders from his or her computer or smartphone without leaving the home or office.
Online lenders operate 24/7 enabling one to secure a loan while traveling or at the wee hours without bothering about off days or weekends.
Typically online loans are unsecured loans with minimal documentation requirements. These loans don't require collateral, guarantor, or excellent credit score.
An automated system performs loan evaluation, decision-making, and transfer of funds in a completely unbiased and instantaneous way.
There is no need to disclose your financial details to the banking professional, and it assures the confidentiality of your sensitive data.
The entire process of loan application and disbursal happens within a few hours. Hence, online loans are known as Single Day Loans.
The loan approval rate for online loans is as high as 90%.
Online lenders do not perform cross-selling of products, as in the case of banks.
Online loans are generic loans, which means one can use it for any purpose.
Tracking of your loans and their payment are quite easy on an online loan.
Minimal documentation, high loan approval rate, and immediate fund availability, even for people with lousy credit history, make online loans the most popular type of loans for the Filipinos.
How to Take an Instant Loan Correctly and Profitably?
The ability to borrow money online instantly without any complex documentation process is highly tempting. People may use these loans for every financial need without any contemplation. Such an approach could spoil their financial discipline and push them to debts.
Below are the crucial points in securing the right loan:
Always provide accurate information. If you hide your previous loan history, the lender may perform hard checks. It will reduce your credit score and affect your ability to secure a better loan.
Do not apply for loans with multiple lenders at the same time. Each one will perform credit checks, and it will pull down your credit score significantly.
Compare loans with different lenders and choose the best option.
Ensure that you are able to repay the loan completely within the stipulated time. Any deviation from this can affect your credit score and will danger your ability to secure good loans.
Before accepting any loans, read and make sure you understand the loan documents and conditions thoroughly.
Loans are just another financial product. It alone won't do any harm. But if you cannot set your priorities right and do not follow a financial strategy, a loan can be problematic. As long as you make a clear judgment about your financial needs and follow the plan, loans can be a great tool to reach financial independence.
A Filipino citizen, 21-70 years old and has a valid Government ID
Your mobile phone number is not blocked
You have registered on the website
You can avail our Installment loan once you have already paid your first loan in full. Only repeat borrowers can avail our installment loan.
The loan has been approved but the money does not appear on the account. Why?
We will send the requested amount immediately after confirmation of the contract. From there, it depends on your bank. Normally, the transfer takes place within a period of up to 2 days. Or less than 24 hours if you will use Cebuana Cash Pick-up or a G-cash account.
What to do if Digido's messages do not arrive?
Try restarting your phone. If you still do not receive messages, check your memory. If it is not enough, clear the space by deleting some unnecessary text messages. Check your account balance and SMS service settings. After performing these actions, request on the website to repeat the sending of the SMS. If you still do not receive the messages, write to email@example.com indicating the problem, your mobile number and the telephone operator.
I was wrong to enter the bank details. What I can do?
Unfortunately, in this case you will not receive the money, since the account number does not correspond to the indicated government ID data. The money sent will be returned to the Digido service within 2 weeks. After that, the loan will be canceled without interest or commission. You can make a new application, indicating the correct bank details. Please check carefully the personal information you enter!
Is it possible to cancel the application?
This can be done until the moment of signing the contract. After the signature of the same, the money is sent immediately. In this case, you can only repay the loan early with minimal interest. You can check the amount to be paid in the digido.ph customer service line or in your personal account. If you have not yet confirmed the contract, send an email to firstname.lastname@example.org.
How long will it take from the approval of the application to the receipt of the amount?
We send the money to you a couple of seconds after confirming the contract. Then everything depends on your bank. It is possible to expect the reception of money during the week during the working hours from 8:00 to 16:00. In the case of approval of the application during the night, it is possible to receive the money the following morning. If the approval has occurred during the weekend, you will receive the transfer on Monday morning.
I have a loan not yet repaid in a third company. Will my application be approved in this case?
If you make payments on time, the «Digido» will almost certainly make a positive decision.
What if I have been denied the loan?
If you are of legal age and have always made credit payments on time, there may have been an error. Try once more to fill out and send the application. The more personal data you indicate, the greater the chance that your application will be approved.
What is the Digido interest rate?
For new customers who have not previously taken a loan from Digido, the interest rate is 0%. For regular customers, the interest rate depends on the term and amount of the loan, but does not exceed 1.5% per day.
What requirements do I need to present?
We only require 1 government valid ID but it will help if you can present supporting documents like payslip, COE, ITR, company ID, DTI (if self-employed or with business). Only repeat borrowers can avail our Installment loan, If you’re already a repeat borrower you don’t need to present any requirements unless needed for further validation. Repeat borrowers can be automatically approved.
How much Can I borrow?
You can borrow PHP 1,000 to PHP 25,000.
Where can I apply?
You can apply anytime and anywhere. You may apply online to our website at www.digido.ph or our application at googleplaystore.
How much is the interest of this loan service?
The repayment amount is available in the credit calculator before you apply. The interest rate depends on the amount you want to borrow and the loan duration. No other charges will be applied if you pay in time.
Is it difficult to get a loan?
It’s nothing complicated. Simply enter the necessary data into the online application, the amount and the way you receive the money. After that there is sign the contract through the code obtained by SMS. When you do this, the «Digido» service will transfer the values to you immediately. By signing it, Digido will transfer the money to you immediately.
My application has been approved. When can I receive the money?
The requested quantity is sent immediately after signing the contract. The speed of receipt of money depends on your bank and is 1 to 2 days. For Cebuana Cash Pick-up and G-cash, transfer will not be more than 24hrs within working days.
Can you give me another one?
The Digido service establishes an individual limit for each client. You have the right to get one more loan within these limits in case you do not have past due payments on previous loans.
Will the next loan limit increase?
«Digido» automatically increases the available loan immediately after the payment of the previous one. The following loan will be available immediately after the refund of the previous loan amount.
How can I find out if they have approved my application?
You will find all the relevant information in the section of your personal account. The information will appear there after submitting the form, the robot will make the decision in an instant. If the application is approved, only the contract will be confirmed by entering the SMS code.