DiGiDo

What is Digido?

Digido is an online portal with fully automated procedures and innovative financial solutions.

Our automated loan lending system gives you a possibility to get your application checked within seconds and arrange the transfer within hours. We offer loans from 0% interest promotional loans to non-collateral loans of up to PHP 25,000.

Digido has strict lending rules and regulations as a licensed lender. We have no hidden charges, additional commissions and no interest rate inflation. You are completely secure when applying for a loan through our system, even with a bad credit history.

For those, who cannot make loan applications on our website or mobile application, our banking consultants help secure the necessary loans without any confusion or inconveniences.

What are Online Loans?

Regardless of your earning level, a proper financial map alone can turn you into a financially independent person. Still, an unexpected need for money can ruin your plans. To tide over such situations, you may have to depend on loans from friends, relatives, banks, or lenders.

Usually, banks are the best way out for loans because of their low-interest rates and diversified loan terms. However their requirements of a full package of documents, good credit history and drawn-out approval time make the borrower look closely at alternatives, mainly lenders.

In case of emergencies you may not have the time to visit multiple lenders and bank offices to compare their requirements. Instead you’ll benefit by choosing the option of Online Loans, provided by some banks and financial institutions through online interfaces.

These online loans have a range of useful advantages for borrowers:

1. A quick way to compare loan terms of different lenders on computer or smartphone without leaving the home or office.
2. Full time 24/7 schedule helps you get a loan anywhere, anytime, even on holidays and days off.
3. Online loans are often unsecured – they don’t require a lot of documents, guarantor, collateral or a good credit history.
4. A fully automated system evaluates your application, makes the decision and arranges the transfer almost instantly. The procedure is absolutely secure and unbiased.
5. Your data is completely confidential because you don’t need to provide it to a banking professional.
6. The entire process only takes a few hours, which is why online loans are also known as Single Day Loans.
7. The approval rate for online loans is incredibly high – 90%.
8. There are no cross-selling products, which is often the case for bank offices.
9. These loans are generic, as in you don’t need to specify the purpose of your loan.
10. Online lenders provide easily accessible ways to track your loan and its payment.

So, minimal documentation, high loan approval rate, and immediate money availability, even for people with bad credit history, make online loans the most popular type of loans for the Filipinos.

How to Take an Instant Loan Correctly and Profitably?

The instantly accessible online loans with an easy documentation process make it tempting to overindulge yourself. This could spoil your financial discipline and push you to debts.

Here are the most inportant 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.

Conclusion

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.