LENDPINOY Reviews Legit? Interest Rate? Requirements Approval?

If you’re in need of assistance for finance, Lendpinoy review could be the solution you’re looking for. 

In this comprehensive review at retailasiaonline.com, we’ll explore the key details about this lending app, including its calculator, requirements, and application status to provide you all the necessary information to make an informed decision about your financial needs.

Summary of Lendpinoy

✅ Lendpinoy Review	⭐ 2.9 star
✅ Loan amount	⭐ Maximum ₱50,000
✅ Age	⭐ 21 – 60 years old
✅ Term	⭐ Varies from 90 – 180 days
✅ Interest rate	⭐ from 3,55% per month
✅ Requirements	⭐  Proof of Income
✅ Pros	⭐ 0% interest rate
✅ Cons	⭐ Requirements May Be Strict
✅ Evaluate the effectiveness	⭐ Good
✅ Harassment	⭐ Email or Call directly 24/7
✅ Complaints	⭐ No
✅ Legit	⭐ Yes
✅ Phone number	⭐0908.890.5389 / 0961.660.0658
✅ Registration number	⭐ CS2018840930
✅ Lendpinoy app download apk	⭐ Link here

What is Lendpinoy?

Lendpinoy is an online lending platform committed to providing Filipinos with swift access to financial support. With a user-friendly interface and a simplified loan application process, Lendpinoy aims to make securing a loan more convenient and accessible for its customers and users.

Pros of Lendpinoy App

There are a few benefits you can consider for Lendpinoy loan:

• Convenience: This lender offers a straightforward and hassle-free loan application process, reducing the time and effort required to secure financial assistance.
• Diverse Loan Options: provides a range of loan products, catering to different financial needs and circumstances.
• Varied Interest Rates: The platform offers flexible interest rates, enabling borrowers to choose terms that align with their financial capacities.

Cons of Pinoy Lending Company

However, there still remains some of disadvantages for Lendpinoy:

• Risk Factors: As with any financial service, borrowers should be aware of potential risks associated with online lending, including high-interest rates and the risk of accumulating debt.
• Loan Eligibility Criteria: This may have specific eligibility criteria that applicants must meet, which can vary depending on the loan product and terms.

Lendpinoy Online Loan Interest Rates

Alongside with Lendpinoy id requirements, you should take a look through this interest rate:

Offers loans with a 6% monthly interest rate for products of up to P500,000, resulting in a maximum Annual Percentage Rate (APR) of 72%. 

These loans also come with a 3% processing fee, and emphasizes transparency, assuring borrowers of the absence of hidden fees while promoting responsible borrowing and financial literacy.

Example of Lendpinoy Calculator

You will find an example of calculation for Lendpinoy:

• Loan amount: ₱6,000
• Term: 3 months
• Monthly interest rate: 6.00% (APR 72%)
• Effective monthly interest rate: 5.99%
• Other fees: None (no processing fee, no service fee)
• Sample monthly repayment:
• Monthly: Principal (₱1,884) + Interest (₱360) = Total of ₱2,244

Lendpinoy Requirements

To apply for a loan through Lendpinoy, potential borrowers are typically required to meet certain criteria:

• Age and Residency: Applicants must be residents of the Philippines and aged between 21 and 60. 
• Government Identification: A legitimate government identity card is essential for the application process. 
• Email and Phone Verification: To initiate the application process, applicants must have a valid email address and mobile phone number. 
• Voice Call Confirmation: Lendpinoy may require voice call confirmation as an additional security measure. 
• Selfie Confirmation: A selfie confirmation may also be required, where the applicant takes a selfie during the application process.

How to apply for Lendpinoy App

Here are some steps you would take to submit your Lendpinoy loan:

Step 1: Download the Lendpinoy App

• Access your app store and search for “Lendpinoy.”
• Download and install the app on your mobile device.

Step 2: Create an Account

• Open the Lendpinoy app
• Register by providing your personal information, including your name, contact details, and government-issued identification.

Step 3: Choose Loan Details

• Log in to your Lendpinoy account
• Explore the available loan options within the app.
• Select the loan amount and desired repayment terms that match your financial requirements.

Step 4: Review Terms and Conditions

• Carefully read and comprehend the loan terms and conditions displayed within the app.
• Pay close attention to details such as the interest rate, processing fees, and other relevant terms.

Step 5: Submit Your Application

• After completing the application, thoroughly review it for accuracy.
• Submit your loan application through the app’s interface.

Step 6: Lendpinoy disbursement

• Lendpinoy typically processes loan applications swiftly.
• Expect to receive a rapid approval decision, often within minutes of submission.

Lendpinoy reviews

Lendpinoy review rating is 2.9 stars on Google Play and 3.7 stars on App Store. It is safe to use, quick loan app that takes a few minutes.

There has been plenty of feedbacks regarding this lender:

For more review, check this video:

Lendpinoy payment

Lendpinoy provides multiple convenient payment options for borrowers. You can settle through any of the following methods:

• 7-Eleven Branches: Visit any 7-Eleven branch and make your loan payment in person, ensuring easy accessibility across various locations.
• Bank Transfer: Utilize bank transfer services to send your loan repayment directly to them from your bank account, offering flexibility and online convenience.
• DA5 Partner Branches: They collaborates with DA5 partner branches, allowing borrowers to make payments at these designated locations, further enhancing accessibility.

Compare Lendpinoy App to other App

Criteria	Lendpinoy app	Binixo	Vamo
Loan term	90 – 180 days	3 – 12 months	10 – 30 days
Loan amount	₱1000 – ₱50,000	₱1,000 – ₱25,000	₱1,000 – ₱30,000
Interest rate	3,55 % per day	4 – 916% per year	1,3% per day

Sources: Refer to Sate Bank reporting and research.

Lendpinoy customer service

Beside, for more information about Lendpinoy loan, look below:

• Phone number: 0908.890.5389 / 0961.660.0658
• Email: Contact@lendpinoy.ph
• Address: In Makati city, Metro Manilla, online platform

Read more:

• ACOM Loan App Review
• Cashspace Loan App
• Moneycat Loan Review

FAQs

Here you can find some of FAQ for Lendinoy reviews:

Is Lendpinoy legit?

Lendpinoy appears to be a legitimate lending entity, registered with the Securities and Exchange Commission (SEC) in the Philippines under registration number CS2018840930. However, it’s essential to conduct thorough research, review terms and conditions, and consider user feedback before engaging with their services to ensure they meet your specific financial needs and expectations.

Is Lendpinoy SEC registered?

Yes, Lendpinoy is registered with the Securities and Exchange Commission (SEC) in the Philippines. It holds the registration number CS2018840930, indicating compliance with legal requirements for operating as a lending company in the country. It’s advisable to verify this information through official channels when considering their services.

Conclusion

In summary, Lendpinoy provides online financial support 24/7 in Philippines. Help customers in need of loans will access suitable loans quickly with a maximum.

It is a seemingly legitimate lending entity with SEC registration number CS2018840930 in the Philippines. 

While its registration status indicates compliance with legal standards, prospective users are encouraged to conduct thorough research and review terms before engaging with its services.