ACOM Loan Review App: Requirements, Interest Rate Philippines (2023)

If you are looking for a fast and convenient way to borrow money in the Philippines, you might want to check out the ACOM Loan reviews.

This app allows you to apply for a personal loan from anywhere at any time, without any collateral or comaker.

You can also enjoy a low and diminishing interest rate, as well as flexible repayment terms.

In this article at retailasiaonline.com, we will review processing time approval, requirements,  disbursement, unpaid loan, and interest rate calculation for 2023.

Read on to find out more!

1. Summary of ACOM loan reviews

✅ Review	⭐ ACOM loan app
✅ Guide to	⭐ Apply for ACOM additional loan in Philipines
✅ Loan amount	⭐ 5,000 – 500,000 PHP
✅ Age	⭐ 21 – 65 years old
✅ Term	⭐ 6 – 10 months
✅ Interest rate	⭐4.988%/month
✅ Requirements	⭐ A valid government-issued ID
✅ Payment	⭐ Gcash, 7-Eleven, and more
✅ Pros	⭐ Quick processing time approval
✅ Cons	⭐ Limited disbursement
✅ Evaluate the effectiveness	⭐ Good
✅ Bad credit	⭐ Allow
✅ Harassment	⭐ By Phone, email
✅ ACOM App download:	⭐ Android, iOS

2. What is an ACOM Loan?

ACOM loan is a type of personal loan in the Philippines by ACOM Consumer Finance Corporation. It is a non-collateralized loan, meaning you do not need to provide any assets as security for the loan. The process of getting a loan is quick, being able to take only one day.

3. Pros of ACOM loan

ACOM lending brings its customers a lot of benefits which include:

• Filling out an application is simple and quick.
• Compared to other lenders, the rate of interest is low.
• From 6 to 12 months of flexible payment terms
• Paying up the loan early incurs no penalty.

4. Cons of ACOM App

However, there are some drawbacks coming with the ACOM Loan App:

• Loan amounts are limited to between 5,000 and 500,000 PHP.
• 10% of the missing amount is charged as a high late payment fee when there is ACOM unpaid loan.
• Needs a co-maker who is working and has a bank account.
• Filipino citizens who are working and have a legal ID are the only ones who can get it.

5. ACOM loan interest rate

The interest rate for ACOM loans ranges from 3.315% to 4.563% per month. This means that if you borrow 10,000 pesos, you will pay an interest of 331.50 to 456.30 pesos per month. The actual interest rate that you will be charged will depend on your credit history and other factors.

6. Example of ACOM loan interest rate calculation

Here is an example of how ACOM loan interest rate is calculated:

• Assume you borrow PHP 10,000 for 6 months at an interest rate of 4.563% per month.

The monthly interest is calculated as follows:

• Principal * Interest rate per month
• PHP 10,000 * 4.563% = PHP 456.30

The total interest for the 6-month loan term is:

• Monthly interest * Number of months
• PHP 456.30 * 6 = PHP 2737.80

The total amount you need to repay is the principal plus the interest, which is:

• PHP 10,000 + PHP 2737.80 = PHP 12,737.80

You can calculate your monthly loan payments using the ACOM loan calculator. Just visit their website and enter the amount of loan you want, the interest rate, and the repayment period.

7. ACOM loan requirements

The eligibility requirements for an ACOM loan are the same for first-time and second-time borrowers. You must be:

• A Filipino citizen
• 21 to 65 years old
• Employed for at least three months
• Earning at least ₱10,000 monthly
• Have a work landline and personal mobile phone number
• Have a present address within the whole of Luzon

ACOM first loan

The required documents for a first-time ACOM loan app are:

• A valid government-issued ID
• Proof of employment
• Proof of TIN

ACOM 2nd loan

The required documents for a second-time ACOM loan are:

• A valid government-issued ID
• Proof of employment
• Proof of TIN
• Latest statement of account (SOA) from your previous ACOM loan

8. Guide to ACOM Loan Application Step-by-step

Here are some steps to apply for an ACOM loan:

Step #1: Visit the official website

• Go to the ACOM website at https://www.ACOM.com.ph/.

Step #2: Apply now

• Press the “APPLY NOW!” button to proceed.

Step #3: Select your loan amount

• Enter the amount of the loan you want and tick to agree to Privacy Policy as well as the Terms and Conditions.
• Then click “APPLY NEW”.

Step #4: Login into your account

• You can choose login by using Google, Facebook, email, Phone or Apple account.

Step #5: Provide your personal info

• Choose your location code and then click “OK”.
• Fill out your name, date of birth, address and other relevant information in the appropriate fields.
• Then press “NEXT” to continue.

Step #6: Give your Work/Business Information

• Enter your income, work situation and other info.
• Then click “NEXT” and adhere to the following prompts on the website to apply for ACOM Loan.

For more details about the application using the ACOM loan app, you can watch these videos:

9. ACOM Loan Review and Feedback

After using the ACOM loan for a few months, here’s what I think:

• The loan amount is up to 500,000, which is more than other online lenders offer.
• Starting at 3.315% per month, the interest rate is fair.
• The application process is quick and easy, and you don’t need to put up any security.
• However, customer assistance is slow and unhelpful.
• The app also has bugs and sometimes stops working.
• The approval is not a given. It depends on your income and credit background.

Overall, I think that an ACOM is a good choice if you need a lot of money quickly and have a steady income. But get ready for some technology problems and bad service.

You can see some customers’ ACOM cash loan review as follows:

10. ACOM loan payment

Here are the ways you can make an ACOM loan disbursement:

#1. Bayad Center

You can pay your ACOM loan at any Bayad Center branch. Just bring the following:

• Your ACOM membership number
• The amount you want to pay
• A valid ID

#2. CliQQ App by 7-Eleven

• Step #1: Open the CliQQ App.
• Step #2: Tap “Pay Bills” > “Loans” > “ACOM”.
• Step #3: Enter your ACOM membership number and the amount you want to pay.
• Step #4: Tap “Pay”.
• Step #5: Present the barcode to the 7-Eleven cashier and pay the amount due.

#3. CliQQ Kiosk (7-Eleven)

• Step #1: Go to the CLiQQ Kiosk.
• Step #2: Press “Bills Payment” > “Loans” > “ACOM”.
• Step #3: Enter your ACOM membership number and the amount you want to pay and click “Pay”.
• Step #4: Take the receipt as proof of payment.

#4. GCash

• Step #1: Open the GCash app.
• Step #2: Select “Pay Bills” > “Loans” > “ACOM”.
• Step #3: Enter your ACOM membership number and the amount you want to pay and then locate “Pay”.
• Step #4: Enter your GCash PIN.

#5. Lazada Wallet

• Step #1: Open the Lazada app.
• Step #2: Tap “Me” > “Wallet” > “Bills Payment” > “Loans” > “ACOM”.
• Step #3: Enter your ACOM membership number and the amount you want to pay.
• Step #4: Tap “Pay”.

#5. PayMaya

• Step #1: Open the PayMaya app.
• Step #2: Tap “Pay Bills” > “Loans” > “ACOM”.
• Step #3: Provide your ACOM membership number and the amount you want to pay.
• Step #4: Hit “Pay” and enter your PayMaya PIN.

#6. Shopee Pay

• Step #1: Open the Shopee app.
• Step #2: Locate “Me” > “Wallet” > “Bills Payment” > “Loans” > “ACOM”.
• Step #3: Fill in your ACOM membership number and the amount you want to pay.
• Step #4: Press “Pay”.

11. Compare ACOM loan with other App

Loan App	ACOM	Juanhand	Unacash
Interest Rate	3.315% – 4.563% per month	9% – 15% per month	9% – 12% per month
Loan Amount	Up to PHP 500,000	Up to PHP 50,000	Up to PHP 10,000
Loan Term	Up to 6 months	Up to 3 months	Up to 3 months

Sources: Refer to Sate Bank reporting and research

12. ACOM contact number

You can contact ACOM in the Philippines via the following channels:

• Phone number: (02) 5304-5200
• Email: customer_service@ACOM.com.ph
• Address: 10th Floor, 45 San Miguel Bldg, 45 San Miguel Ave, Ortigas Center 1605 Pasig

Read more:

• FINBRO PH Loan Review App
• Online Cash Loan In Philippines
• Kviku loan review
• How to loan in Pag IBIG

13. FAQs – ACOM loan App

For more information about the ACOM app, follow the frequently asked questions below:

How to pay ACOM loan?

To pay your ACOM loan, visit any Cliqq Kiosk at 7-Eleven. Pick “Bills Payment”, “More Bills”, “Loans”, and then “ACOM”. Next, Type in your 11-digit membership number and the cell number you used to sign up. Lastly, type in how much you want to pay. Now, get the stub and pay at the cash register.

How to check ACOM loan status?

To find out the status of your ACOM loan, you can call its contact line or log in to your account through their website. You need to give your full name, date of birth, mobile number, and entry date. If your loan is accepted, you will get a confirmation message through SMS.

How to check ACOM loan balance?

To check your ACOM loan balance, you can text BAL [Membership Number] [Mobile Number] to 09176261063 (Globe) or 09088114439 (Smart). You can also check your loan balance by logging in to your ACOM account online or by calling their customer service hotline at 02-5304-5200.

How many days ACOM loan approval?

The ACOM loan approval process can take anywhere from one day to five days, depending on your credit evaluation and ACOM’s verification processes. The shortest processing time is within the day. You will receive an SMS or link as soon as the evaluation is done.

How to pay ACOM loan using GCash?

Follow these steps to pay off your ACOM loan with GCash. Firstly, sign in to your GCash account and click the Bills button. Secondly, select Loans, then choose ACOM from the list of choices. Thirdly, type in your membership number, your cell phone number, and the amount. Lastly, confirm your payment.

How to pay ACOM loan in 7/11?

Follow these steps to pay off an ACOM loan at 7-11. Go to a 7-Eleven with a payment machine near you. Next, Choose ECPay from the list.  Following that, enter your 11-digit registration number that begins with 0001. Type the amount. Lastly, confirm and pay.

Where to pay ACOM loan?

You can pay your loan at a 7-Eleven Cliqq Kiosk, through the Cliqq app, with GCash, Lazada Wallet, Maya, Shopee Pay, or at an ACOM branch. To pay through any of these methods, you’ll need your 11-digit membership number and the cell number used to sign up. Remember ACOM loan processing time when paying loans.

14. In conclusion

Overall, ACOM loan reviews is a reliable and convenient option for Filipinos who need a quick loan.

The application procedure is easy to understand, and the interest rates are reasonable.

However, it’s important to note that the maximum loan amount is 500,000 PHP and the actual amount you can borrow will depend on your credit evaluation.

If you’re looking for a small loan to tide you over until your next paycheck, ACOM is a good option to consider