Bloom Cash Review Philippines loan app legit? Sec registered? sign up

Bloom cash is one of the most popular online loan apps in the Philippine financial market. You are planning a financial plan for the near future but are still hesitant about this app.

Let’s find out more details with retailasiaonline.com!

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Summary of Bloom Cash

✅ Bloom Cash Review	⭐ 3.8 star
✅ Guide to	⭐ Register to Bloom Cash loan app Philippines (PH)
✅ Loan amount	⭐ 2.000 – 12.000 Pesos
✅ Age	⭐ 21 – 65 years old
✅ Term	⭐ 91 – 181 days
✅ Interest rate	⭐ 0 % interest rate for first loan
✅ Pros	⭐ Online loan monthly payments in Philippines
✅ Cons	⭐ No Online loan guaranteed approval
✅ Evaluate the effectiveness	⭐ Good
✅ Bad credit	⭐ Allow
✅ Feedback	⭐ Read more in this article
✅ Bloom Cash App download APK:	⭐ Link Here

What is Bloom cash?

Bloom cash is an online loan application, operating under the management of Convenience Cash Lending Corp. Currently, the lending market in the Philippines is quite vibrant, many online apps have been launched, but this app still occupies a solid position that is hard to shake.

Pros of Bloom cash App

Bloom cash review brings users interesting experiences as well as superior benefits that not all lending institutions have:

• Friendly interface, easy to use, compatible with all smartphone operating systems.
• The registration process is simple and easy for older customers.
• Short process, simple procedures with only legal identification documents.
• Super fast disbursement, meeting the need to solve urgent money problems.
• No need to mortgage assets, no proof of income.
• Committed to strictly complying with the Personal Information Data Protection Law as prescribed by Philippine law.
• Information is clear and transparent.
• Competitive interest rates are a huge plus for this lender.

Cons of Bloom cash Loan App

The current Bloom cash review app still has a few minor disadvantages:

• The credit limit is not high, suitable for living and consumer loan needs, not suitable for business loans.
• Short loan term, causing pressure to repay debt.
• There is a service fee.
• High overdue fines.

Bloom cash interest rate

Bloom cash is currently supporting loan packages with a minimum interest rate of 10% and a maximum of 24.12%. This is a quite attractive interest rate at a time when credit is hot like today.

Each separate loan package and each different customer group will have a specific interest rate. If your credit history is good, the loan risk assessment system is low, and the interest rate you receive is also more favorable. And vice versa, if the system evaluates your credit score low, the risk is high, the interest rate will be higher.

Example of Bloom cash interest rate calculation

Example of Bloom cash approval:

• Loan amount needed: 10,000 PHP.
• Term: 2 months.
• Interest rate: 2%/month.
• Transaction Fee: 500 PHP (per transaction)
• Actual amount received: 10,000 – 500 = 9,500 PHP.
• Interest payable: 10,000 x 2% x 2 = 400 PHP.
• Final payment amount: 10,000 + 400 = 10,400 PHP.

Bloom cash loan requirements

Successfully registering for a loan at Bloom cash is quite easy because the conditions and procedures are not too strict:

• Customers have Philippine nationality, living and working in this country.
• Between the ages of 21 – 65 years old.
• Have a job that brings a stable source of income.
• Legal identification documents, provided by the government.
• Phone number, authentic bank account number.

Guide to register Bloom cash Loan Application Step-by-step

The Bloom cash registration process is very simple with the following steps:

Step #1: Download the Bloom cash app

Bloom cash is available for free download on all mobile platforms. You don’t need to worry that your phone uses an incompatible operating system or that the other operating system can only be downloaded.

After completing the download of the app, press “Open” and begin the installation.

Step #2: Fill out the application

Use your phone number to register for an account. Provide personal information as requested by the system. Fill out the loan application according to the following sections: loan amount, term… The interest rate will automatically display.

Click “Confirm loan” and wait for approval in 5 minutes.

Step #3: Receive a call from the operator

During the appraisal process, you will receive a call from the company’s staff, confirming the information you have provided. Finally, confirm with you the status of the loan.

Step #4: Disbursement within 10 minutes

If the application is approved, within 10 minutes, the loan money will be transferred directly to the account number you registered.

Quickly resolve urgent issues and plan to repay debt on time to avoid incurring penalty fees.

​Reviews Bloom cash online Loan App Feedback

Bloom cash review is rated 3.8 stars from clients in Philippines, no complaints harassment. It is legit and safe, sec registered and absolute information.

Bloom cash approves thousands of loans every day. Every customer who has used the app’s loan service has left impressive feedback.

Bloom cash loan repayment

Bloom cash payment has many flexible payment channels for you to choose from:

• Pay through stores linked to the app such as: M.Lhuillier, 7-Eleven…
• Payment via e-wallet system: GCash, Coins…
• Transfer money according to the account number on the loan contract. Note that the transfer content clearly states the ID card number and loan contract number to monitor and avoid confusion.

Compare Bloom cash loan App Philippines with other loan apps

Comparison criteria	Bloom cash	Pondopeso	Fundline finance corporation
Limits	2,000 – 12,000 pesos	5,000 – 40,000 pesos	5,000 – 150,000 pesos
Tenor	91 – 181 days	21 – 30 days	12 – 36 months
interest	10% – 24,12% /year	5%/month	11,7%/day
Age	21 – 65 years old	18 – 60 years old	21 – 65 years old
Review rate	83%	80%	80%

Sources: Refer to Sate Bank reporting and research.

Bloom cash customer service

Bloom cash complaints will be resolved via contact information:

• Email: bloomcashcsr@gmail.com/Bloomcash@gmail.com.
• Phone number: +639124182965
• Address: Washington Street, Pio Del Pilar, 1230 Makati, Philippines.
• Website: bloom.cash

FAQs

Here are some questions to answer about Bloom cash:

Is Bloom cash sec registered?

Bloom cash is managed by Convenience Cash Lending Corp with SEC Registration No.2020090002200-05. This is a reliable guarantee for the borrower. Even though it was only launched not long ago, the app has shown its position and built trust with customers.

How do I prevent Bloom cash harassment?

Bloom cash will not bother or harass its customers. If you are troubled by phone calls, please check your loan payment status. Is there any loan due that you have not yet paid? Or you have been scammed by a credit institution impersonating Bloom Cash.

How to contact Bloom cash complaints?

If you have any questions, please contact us immediately at +639124182965 or email bloomcashcsr@gmail.com/Bloomcash@gmail.com. The customer care department operates continuously 24/7 and will surely satisfy even the smallest things.

In conclusion – Should you Apply to Bloom cash App?

Bloom cash gives users good experiences. More and more, customers choose the app because:

• Disbursement time is too fast.
• Professional and dedicated staff.
• Simple procedures, registration process with few steps.

Bloom cash is the preeminent financial solution for every home. Surely, the above information has partly answered your concerns about loans here.

Wishing you the wisest choice.

Don’t forget to rate 5 stars and leave many comments for answers.