FINLOO Loan Review Philipinnes: Legit App? Requirements (2024)

What is Finloo? Filipino nationals, regardless of where they are living and working in the country, can easily apply for a loan online to solve financial problems quickly through the country.

Retailasiaonline.com will provide complete information about FInloo app, including loan conditions, instructions on how to apply for a loan and make payments, helping readers have a more comprehensive view of the loan process and necessary information when using this service in the following article.

Summary of Finloo

What is Finloo?

Finloo is a website that aggregates reputable lenders in the Philippines. When customers access and register information, rely on AI technology to analyze, search and suggest the most suitable online loan for their needs in 2 minutes and completely free service. Loan limits range from 1,000 to 25,000 pesos, with a maximum term of 5 months.

Pros of Finloo

Finloo review is a loan service trusted by many people with many advantages such as:

• Support service nationwide, online registration, operating 24/7, borrowers can register anytime, anywhere just need a phone connected to the internet.
• No proof of income is required, no collateral on valuable property, no guarantor required, and no appraisal.
• The registration process is simple, flexible and convenient, just provide a valid personal ID.
• Cooperate with reputable financial partners, with 0% interest rate for the first loan.
• Free consulting service, browse information in just 2 minutes, fast disbursement in 10 minutes.
• It is possible to apply for multiple loans at the same time, bad debts also have the opportunity to be approved for loans.
• Experienced consultants are always ready to support and advise enthusiastically.
• Clearly disclose all information related to the loan such as limits, interest rates, consulting fees, service fees, and penalties incurred in the loan terms and agreements.
• Absolute confidentiality of borrowers’ personal information.

 Cons of Finloo Loan App

Finloo app review has limitations that customers need to understand before borrowing:

• Low limit, short installment period.
• The interest rate is relatively high, usually higher than the interest rate of banks or credit institutions.
• Finloo is only an intermediary connecting borrowers and lending partners, not directly providing loans.

Finloo interest rate

For new first-time borrowers, Finloo Loan will offer full interest free. For repeat loans, the average recommended interest rate is about 143% to a maximum of 180% per year.

Customers who register loan information at Finloo will not be charged a service fee. Late payment will incur quite high interest penalties, depending on the regulations of the lending partner.

Example of Finloo interest rate calculation

Finloo ph approval 5,000 pesos, for a period of 2 months with interest rate of 143% / year (equivalent to 11.9% / month).

• The principal amount to be contributed in 1 month is 5,000 : 2 = 2,500 pesos.
• The amount of interest payable in 1 month is: 5,000 x 11.9% = 595 pesos.
• The total amount payable in 1 month is: 2,500 + 595 = 3,095 pesos.

Finloo loan requirements

Mandatory requirements for Finloo borrowers are:

• Filipino nationals, over 18 years old.
• Have an active mobile phone number.
• Have a government-issued personal ID.

Guide to register Finloo Loan Application Step-by-step

Three simple steps to apply for a quick loan at Finloo are:

Step #1: Visit Finloo website

Go to Finloo’s homepage.

Select the amount to borrow and click “request your loan”

Step #2: Fill in personal information

Please fill in the required form, including name & surname, phone number, email.

Check confirm loan terms and conditions.

Click “get a loan”

Step #3: Get suggestions for some loan partners

Finloo will suggest some reputable lending partners in the market.

Read the information and choose the most suitable lender to fill out the information and receive the disbursement.

Reviews Finloo online Loan App Feedback

Finloo is rated 4.4 star on Google Play. Customers have appreciated this lender for the convenience of registering for use, as well as the speed of the loan approval process.

Finloo loan repayment

When paying a FInloo loan, the borrower simply logs in to the personal account registered at the lending partner. Go to “active loans” and select “Finloo payment”. The lender will provide instructions on how to repay the loan.

Borrowers should pay their loans on time to avoid high interest penalties, affecting credit scores, and being bothered by phone calls. Some lenders will extend the payment period.

Compare Finloo Loan App Philippines with Other Loan Apps

Sources: Refer to Sate Bank reporting and research.

Finloo customer service

Finloo complaints will be resolved via contact information:

• Email: info@finloo.business
• Telegram: https://t.me/finloo_office
• Skype: https://join.skype.com/invite/JY8hDvIl3ERW
• Uptime: 24/24

FAQs – Finloo PH

Some frequently asked questions when borrowing Finloo are:

Is Finloo legit?

Finloo has not been legally licensed by the Securities and Exchange Commission – SEC. However, Finloo app is still one of the reputable financial support applications on the market and is trusted by many customers. Customers only need to fill in personal information, the system will automatically analyze and suggest reputable lending partners quickly in just 2 minutes.

How to pay Finloo?

Finloo offers a range of convenient payment methods:

• Users can make payments through various internet banking services like BDO, BPI, Maybank, Metrobank, PNB, Union Bank, ensuring secure and hassle-free online transactions.
• Allows for cash payments through an extensive network of bill payment centers nationwide, including 7-Eleven, Robinsons Mall, SM Payment Center, Cebuana Lhuillier Pawnshop, and Bayad Center Bills Payment.
• Offers the option for payments using popular e-wallets like GCash, PayMaya, or Coins.ph

In conclusion – Should you Apply to Finloo App?

Finloo is a reputable financial services website, providing cash assistance for Filipino citizens over 18 years old. You can get up to 25,000 pesos in support, for a period of 5 months. 0% interest-free offer and no service charge.

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