MOCASA Loan Review Philippines App Legit? Requirements (2024)

Mocasa loan is a convenient financial application, bringing you quick online loan experiences in the Philippines. If you are having financial problems that need to be resolved immediately, this is an option not to be missed.

What do you know about this online application? Let’s find out with retailasiaonline.com!

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Summary of Mocasa loan

✅ Mocasa loan Review	⭐ 3.3 stars
✅ Guide to	⭐ Register to Mocasa loan app Philippines (PH)
✅ Loan amount	⭐ 3.000 – 25.000 Pesos
✅ Age	⭐ 21 – 60 years old
✅ Term	⭐ 91 – 180 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
✅ Mocasa App download APK:	⭐ Link Here

What is Mocasa loan?

Mocasa loan is one of the lending applications developed on an online platform in the Philippines. Aims to help borrowers solve financial difficulties quickly and promptly, all in just a few simple steps. You can get a loan in as little as one day without having to leave your home. This is a form of unsecured loan that overcomes all the disadvantages of loans from traditional banks.

Pros of Mocasa App

Mocasa review possesses outstanding advantages that not every online loan app has. That is its biggest plus:

• Fast approval and disbursement time: Aiming for the best service quality, requiring quick loan application processing. Normally, approval and disbursement within 24 hours of application.
• The approved loan amount and term are flexible, suitable to the needs of each customer.
• No need to mortgage collateral.
• There are many unique programs for users: The App has a program to earn points from repaying on time, referring friends or other activities. The points you accumulate can be used for discounts or rewards.
• Easy registration, support for customers with bad debt.
• Competitive interest rates, transparent information.
• Support nationwide, compatible with many operating systems such as iOS/Android.
• Registration operations are completely online.

Cons of Mocasa Loan App

Mocasa review app currently still has certain limitations:

• Cash loans over the counter are not supported. The app does not have specific branches, it is all online.
• Although the interest rate is competitive with similar apps, it is still higher than the unsecured interest rate of the state bank.
• The repayment period is relatively short, causing pressure on borrowers.

Mocasa interest rate

Mocasa currently supports a maximum interest rate of 30%/year. The specific interest rate depends on many factors: Loan amount, repayment term, borrower’s credit score, lending unit’s policies as well as market fluctuations at that time.

In particular, this credit app does not charge service fees. Therefore, you can be completely assured that no matter how much money you register for a loan, it will be disbursed exactly equal to the registered amount.

Example of Mocasa interest rate calculation

Example of Mocasa approval: If you borrow ₱10,000 for 91 days at an interest rate of 12%, calculated using the formula as follows:

• Total interest fee: 10,000 x 12% / 365 x 91 = ₱ 299.17.
• Service fee: 0.
• Total amount to be repaid: 10,000 + 10,000 x 12% / 365 x 91 = ₱ 10,299.17.
• Monthly repayment: 10,299.17 / 3 = ₱ 3,433.06.

Mocasa loan requirements

Conditions for applying for a Mocasa loan are quite easy, almost everyone can meet them:

• Citizens of Philippine nationality, living and working here.
• Age range from 21 – 60 years old.
• Legal identification documents issued by the government: ID card number/Passport/Driver’s license…
• Documents proving income: labor contract, salary slip, bank account statement…

Guide to register Mocasa Loan Application Step-by-step

Mocasa loan is known for its streamlined loan process. Support all customers, simple operation according to the following instructions:

Step #1: Visit the Mocasa website

To avoid falling for scam websites, visit Mocasa’s official website at www.mocasa.com.ph. Click the “Register Now” button on the home page.

Note, the app that downloads to your phone also supports direct registration on the website.

Step #2: Create an account

After completing step 1, the system will display a message prompting you to create an account by entering your current email address and creating a password.

Just as simple as this, you have created an account and can log in and use the application immediately.

Step #3: Fill out the application form

You need to provide complete personal information according to the request form from the system: Full name, date of birth, phone number, information about work, current income…

Step #4: Upload required documents

You need to upload documents to confirm information such as: 2 sides of ID card, clear portrait photo, documents proving the income you have…

The clearer and more complete the documents are, the higher your chances of successful approval.

Step #5: Wait for approval

After completing the above steps, submit your loan application and wait. If your application is approved, within 24 hours, the disbursement will be transferred directly to your bank account.

​​Reviews Mocasa online Loan App Feedback

Mocasa loan review is rated 3.7 stars from clients in Philippines, no complaints and harassment. It is legit, quick loan and simple requirements.

Mocasa loan app is gradually dominating the financial market in the Philippines. Every day, hundreds of thousands of borrowers successfully access capital and leave many impressive feedback.

Mocasa loan repayment

Mocasa payment supports users to pay loans in many convenient ways:

• Pay online with your debit or credit card.
• Any store affiliated with the app nationwide: 7-Eleven, M Lhuillier, Bayad Center…
• Support payment via e-wallet or directly on the application according to instructions.
• Transfer money via a bank account listed on the loan contract.

Compare Mocasa loan App Philippines with other loan apps

Comparison criteria	Mocasa	BCash	Hello Peso
Limits	3,000 – 25,000 pesos	2,000 – 50,000 pesos	1,000 – 30,000 pesos
Tenor	91 – 180 days	91 – 120 days	3 – 6 months
interest	max 30%/year	10% – 36%/year	0% – 19%/year
Age	21 – 60 years old	18 – 60 years old	18 – 60 years old
Review rate	90%	80%	85%

Sources: Refer to Sate Bank reporting and research.

Mocasa customer service

Mocasa complaints will be resolved via contact information:

• Email: info@mocash.ph / support.user@mocasa.com
• Website: mocasa.com.ph
• Contact number: +63 9176280481.

FAQs

Here are some questions to answer about Mocasa:

Is Mocasa legit?

Mocasa operates a lending business under the permission of the Philippine government. Therefore, you absolutely do not need to worry about the legitimacy of this credit institution. The reputation of the app is highly appreciated. If you need a loan, please feel free to choose to apply for a loan here.

Is Mocasa harassment?

There is no story of Mocasa harassing customers. All personal information is absolutely guaranteed by the app. Data systems are secured at the highest level, with the most advanced technology, avoiding account loss as well as loss of user identity.

How to contact Mocasa complaints?

When you have questions about Mocasa, you can contact email info@mocash.ph/support.user@mocasa.com or phone number +639176280481. The customer care department operates 24/7, ready to answer all users’ problems as soon as possible.

In conclusion – Should you Apply to Mocasa App?

Mocasa is one of the most reputable loan apps today because:

• Support nationwide, even with bad debt.
• Simple online account management with many features on the application: view loan details, view payment history, update personal information or create new loans…
• Simple procedure with just ID card.

Mocasa is the leading credit solution in the Philippines. You are in need of capital, don’t hesitate any longer, pick up the phone and register.

This is definitely an option worth considering.

Wishing you luck in your future financial plans. Don’t forget to rate the article 5 stars and leave comments for answers.