FINAMI Loan Reviews Philippines Legit App? Requirement (2024)

What is Finami? To solve the need for super-fast cash loans, simple procedures and high approval rates, online loan applications are the most effective solution.

Finami app is a reliable choice for those who are in need of quick and convenient financial assistance. Retailasiaonline.com will guide how to apply, how to repay the loan in the article below.

Summary of Finami

What is Finami?

Finami is an online financial service available in the Philippines developed by Infinsacom Kft company since 2019. The service operates 24/7 in the form of suggestions, connecting borrowers with a number of suitable lending partners. You can get assistance in the amount of 1,000 to 25,000 pesos in installments for 3-12 month terms.

Pros of Finami App

Finami review has many outstanding advantages compared to many online loan applications on the market:

• The application process is simple, requires basic information, saving borrowers time and effort.
• It is possible to borrow anytime, anywhere, through mobile phones or internet-connected devices.
• Loan approval is fast, helping to solve financial needs effectively in a short time.
• 0% interest incentive program for first-time borrowers.
• Support for people with bad debts, late debts, attention debts, expanding loan opportunities for all types of users.
• No service fees, no hidden fees, no collateral required, no guarantor needed.
• Absolute confidentiality of borrowers’ personal information.
• Transparent disclosure of all loan information.

Cons of Finami Loan App

Finami app review some disadvantages to note are:

• The amount that can be borrowed is not too high, can only solve consumer loan needs, cannot borrow to buy a house, buy a car or a business.
• The installment term is not long, putting financial pressure on borrowers.
• Interest rates are quite high.

Finami interest rate

Finami loan applies loan interest rates from 4% to a maximum of 916% / year. 0% interest offer if paid on the first day. In case the borrower violates the payment terms, an additional penalty fee of 0.1% of the outstanding balance will be incurred.

Example of Finance interest rate calculation

Finami app approves loans of 10,000 installments in 4 months, interest rate of 48%/year (equivalent to 4%/month)

• The principal amount to be contributed in 1 month is 10,000 : 4 = 2,500 pesos.
• The amount of interest payable in 1 month is: 10,000 x 4% = 400 pesos.
• The total amount payable in 1 month is: 2,900 pesos.

Finami loan requirements

The basic conditions for a Finami loan are:

• Filipino national borrower, over 18 years old.
• Have a valid government-issued ID.
• Have a bank account to receive disbursements.

Guide to register Finami Loan Application Step-by-step

The steps to apply for a loan at Finami are as follows:

Step #1: Visit Finami’s website

Go to Finami’s homepage. Select the limit to borrow.

Continue to select “Get first loan”.

Step #2: Fill out the loan application form

Fill in some information in the application form (first name, last name, birthday, email, mobile phone).

Tich agreed to Finami’s loan terms and conditions.

Select “Continue”.

Step #3: Get a loan suggestion

Finami approves registered information and suggests some reputable loan partners, suitable for borrowers.

Reviews Finami online Loan App Feedback

Finami is rated 4.3 on Google Play. It has gained the trust of many customers who find it to be a reputable lending application.

It’s praised for its user-friendly registration process, swift approval, and notably, it doesn’t impose any service fees.

Finami loan repayment

Finami offers various payment methods: online banking (BDO, BPI, etc.), cash payments at centers (like 7-Eleven, Robinsons, SM..), and e-wallets (GCash, PayMaya, Coins.ph) for added convenience and flexibility.

The borrower needs to provide information about the loan contract number, ID number, phone number. Full payment of both principal and interest is required to be bricked out. Some partners allow borrowers to extend payment periods further.

Compare Finami Loan App philippines with other loan App

Sources: Refer to Sate Bank reporting and research.

Finami customer service

Finami ph complaints can be contacted through the following information:

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

FAQs – Finami PH

Check out some frequently asked questions about Finami below:

Is Finami legit?

Finami operates as a non-financial intermediary, serving as a platform that aggregates borrower information to match them with appropriate lending partners. It isn’t a bank or direct financial institution but functions as a trustworthy financial assistance website. It has a track record of aiding numerous customers seeking cash loans, providing swift support to address their personal financial needs.

How to pay Finami?

Finami offers multiple convenient payment methods to cater to diverse preferences:

• Online Banking: Enable payments through various internet banking services including BDO, BPI, Maybank, Metrobank, PNB, Union Bank, ensuring ease and security for online transactions.
• Cash Payment Centers: Facilitate cash payments across a wide network of bill payment centers nationwide, such as 7-Eleven, Robinsons Mall, SM Payment Center, Cebuana Lhuillier Pawnshop, and Bayad Center Bills Payment, making it accessible for those preferring cash transactions.
• E-wallets: Provide the option for payments through popular e-wallets like GCash, PayMaya, or Coins.ph, allowing users to make transactions using their digital wallet services, adding to the flexibility of payment choices available.

In conclusion – Should you Apply to Finami App?

Finami is a reliable application in providing financial assistance, especially in meeting the need for emergency cash loans. The platform offers flexible loan limits ranging from 1,000 to 25,000 pesos, has terms ranging from 3 to 12 months, and does not charge service fees.

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