BINIXO Loans Review Phililppines Legit? Sec Registered? Requirement?

In today’s fast-paced financial landscape, Binixo Loans review legit or scam? Sec Registered? Contact number? How Binixo transfer to gcash?

Featured on retailasiaonline.com, stands out as a prominent online lending platform in the Philippines. 

With a user-friendly interface and rapid loan disbursement, it offers Filipinos a convenient solution for their financial needs.

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TOP 10 Legit Online Loan in Philippines – Only National ID required

Updated 12/2023

(Online Loan Application)

#1 1.000PHP - 20.000PHP Term: 7 - 30 days. Interest rate: 0% for first loan. Repayment: End of term. Only ID Card required. Age: 21 - 70. (Receive money in 5 mins) APPLY ONLINE

#2 1.000₱ - 25.000₱ Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 20 - 70. (Receive money in 15 mins) APPLY ONLINE

#3 1.000PHP - 50.000PHP Term: 1 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 20 - 65. (Receive money in 10 mins) APPLY ONLINE

#4 500PHP - 25.000PHP Term: 60 - 180 days. Interest rate: 1,2 %/month. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 65. (Receive money in 5 mins) APPLY ONLINE

#5 1.000₱ - 25.000₱ Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only National ID required. Age: 20 - 70. (Receive money in 15 mins) APPLY ONLINE

#6 500 PHP - 20.000 PHP Term: 7 - 180 days. Interest rate: 0% for first loan. Repayment: End of term. Only ID Card required. Age: 22 - 65. (Easy loan approval) APPLY ONLINE

#7 500 PHP - 25.000 PHP Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#8 1.000₱ - 25.000₱ Term: 2 - 4 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#9 1.000₱ - 25.000₱ Term: 2 - 4 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#10 1.000₱ - 25.000₱ Term: 1 - 180 days. Interest rate: 0,1%. Repayment: Monthly or End of term. Only ID Card required. Age: All accepted. (Approve Bad credit) APPLY ONLINE

#11 1.000₱ - 25.000₱ Term: 1 - 12 months. Interest rate: 0,01%. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 75. (Approve Bad credit) APPLY ONLINE

Summary of Bixino loans

What is Binixo PH?

Binixo PH is an online lending platform that offers Filipinos access to fast cash loans. 

It aims to simplify the loan application process, providing borrowers with a hassle-free way to secure financial assistance in times of need. 

Pros of Binixo Loans Philippines

Bixino loans app includes plenty of benefits:

• Convenience: personal loan in Philippines offers a straightforward and user-friendly loan application process.
• Quick Approval: Borrowers can receive loan approval within minutes, ensuring speedy access to funds.
• Flexible Repayment Options: The lender provides various repayment terms to suit borrowers’ financial capabilities.
• No Collateral: Unlike traditional loans, do not require collateral.

Cons of Binixo PH

However, there still remains some of Bixino loans’ minus points:

• Interest Rates can be relatively high, making them expensive for long-term use.
• Limited Loan Amount: The maximum loan amount available through this lending company may not meet the needs of some borrowers.
• Potential Debt Cycle: Quick online cash loan in Philippines and easy access to loans can lead to a cycle of debt if not managed responsibly.

Binixo loans app interest rate

Binixo Loans App offers a broad spectrum of interest rates, ranging from a minimum of 4% to a maximum of 916% per annum. 

The specific interest rate assigned to borrowers depends on factors such as the loan amount, term, and individual creditworthiness, with lower rates typically available to those with strong credit profiles and more favorable loan terms, while higher rates may apply to riskier or shorter-term loans.

Example of Binixo loans calculator

Here’s an example of calculation for your Bixino reviews:

• Loan amount: 1000 PHP
• Duration: 3 months 
• Interest: 48% per annum

So that would be:

((48/12 * 3) / 100 * 1000) + 1000 = 1120 PHP. 

Total amount of payment: 1120 PHP

Binixo requirements

To be qualified for Bixino loans, you’ll need to meet certain requirements. These may include:

• Age: You must be of legal age (usually 18 years old and above).
• Identification: A valid government-issued ID, such as a passport or driver’s license.
• Income Proof: Proof of income or employment.
• Contact Information: A valid mobile phone number and email address.

Guide to register Binixo loans App

You may want to take a look through these steps for your Bixino loans procedure:

Step 1: Confirm Eligibility and Account Creation

• Ensure you meet the eligibility criteria, including age, identification, proof of income, and contact details.
• Download and install the Binixo Loans App on your smartphone.
• Create an account by providing the required personal information.

Step 2: Log In and Loan Selection

• Log in to the Binixo Loans App using your newly created account.
• Browse through the loan options available within the app.
• Select the loan amount and repayment terms that align with your financial requirements.

Step 3: Review Loan Terms

• Carefully review the loan terms, including the interest rate and any associated fees.
• Ensure that the selected terms are suitable for your financial situation.
• Make any necessary adjustments to the loan details.

Step 4: Bixino loan disbursement

• Follow the on-screen instructions to complete the loan application process.
• Provide any requested documentation or additional information as required by the app.
• Submit your loan application.
• Await a quick approval decision, often received within minutes.

Binixo loans review and Feedback

Bixino loan review is rated 4.2 on Google Play, has a modern online credit service and it is safe to use, not a scam website Philippines.

There has been feedbacks from customers regarding their experiences below:

For more feedback, check this video below:

Binixo transfer to Gcash

Binixo loans app highlights its seamless integration with GCash e-wallet accounts, allowing customers to receive disbursements directly into their GCash e-wallets. Furthermore, customers can conveniently make their loan payments online using the GCash app.

Compare Binixo loans App to other App

Sources: Refer to Sate Bank reporting and research.

Binixo contact number

• Phone number: +36202114538
• Email: info@infinsa.com
• Address: 1116 Budapest, Fehérvári út 126-128

FAQs – Binixo loans App

Is Binixo loan legit?

Binixo Loans is a legitimate online lending platform in the Philippines. It provides financial services to borrowers, offering quick and accessible loans. However, it’s essential for borrowers to carefully review the terms and conditions, including interest rates, before applying for a loan.

Is Binixo loans SEC registered?

According to the latest update in September 2021, Binixo Loans was among the 19 online lending apps shut down by the Securities and Exchange Commission (SEC) on September 16, 2019. To ascertain its current registration status, I recommend visiting the official SEC website or contacting Binixo Loans directly for the most up-to-date information.

Conclusion

In conclusion, Binixo loan review is a convenient lending platform for Filipinos in need of quick financial assistance. 

However, borrowers must exercise prudence by carefully examining loan terms and interest rates, it is advisable to consult the official SEC website or reach out to the company directly. Responsible borrowing is essential for a favorable lending experience.